BlackRock Floating Rate Income Trust
BGT
59 hedge funds and large institutions have $77.8M invested in BlackRock Floating Rate Income Trust in 2021 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 22 increasing their positions, 18 reducing their positions, and 6 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 18
3% less funds holding
Funds holding: 61 → 59 (-2)
3.68% less ownership
Funds ownership: 30.72% → 27.04% (-3.7%)
11% less capital invested
Capital invested by funds: $87.3M → $77.8M (-$9.5M)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$3.22M |
| 2 |
Morgan Stanley
New York
|
+$2.01M |
| 3 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$762K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$496K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$462K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$9.81M |
| 2 |
SCM
Saba Capital Management
New York
|
-$9.2M |
| 3 |
BCM
Bourgeon Capital Management
Darien,
Connecticut
|
-$339K |
| 4 |
HAIM
Hunter Associates Investment Management
Pittsburgh,
Pennsylvania
|
-$318K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$274K |
BGT Hedge Fund Activity: Q2 2021 in Review
59 of the 5,746 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q2 2021, worth a combined $77.8M — down 11% from $87.3M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of BGT and 4 opened new positions — a net loss of 2 holders — while 18 trimmed existing stakes and 22 added.
The largest buyer was Ameriprise, adding an estimated $3.22M. The largest seller was Baillie Gifford & Co, exiting entirely with an estimated $9.81M sold.
- 59 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q2 2021, down from 61 in Q1 2021.
- Funds reported $77.8M of BlackRock Floating Rate Income Trust stock for Q2 2021, down 11% quarter-over-quarter.
- 4 funds opened new BlackRock Floating Rate Income Trust positions in Q2 2021 and 6 closed out, a net change of -2 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q2 2021 was Ameriprise, an estimated $3.22M added.
- The largest BlackRock Floating Rate Income Trust seller in Q2 2021 was Baillie Gifford & Co, an estimated $9.81M sold.
Based on aggregated 13F filings for Q2 2021.