BlackRock Floating Rate Income Trust
BGT
55 hedge funds and large institutions have $64.5M invested in BlackRock Floating Rate Income Trust in 2021 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 17 increasing their positions, 16 reducing their positions, and 12 closing their positions.
6% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 16
3.46% less ownership
Funds ownership: 24.1% → 20.64% (-3.5%)
5% less funds holding
Funds holding: 58 → 55 (-3)
10% less capital invested
Capital invested by funds: $71.7M → $64.5M (-$7.18M)
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.35M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$447K |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$330K |
| 4 |
SCA
Snowden Capital Advisors
New York
|
+$327K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$279K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.83M |
| 2 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$2.23M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$2.06M |
| 4 |
RVPG
Relative Value Partners Group
|
-$1.88M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.17M |
BGT Hedge Fund Activity: Q4 2021 in Review
55 of the 6,518 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q4 2021, worth a combined $64.5M — down 10% from $71.7M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of BGT and 9 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 17 added.
The largest buyer was Morgan Stanley, adding an estimated $1.35M. The largest seller was 1607 Capital Partners, exiting entirely with an estimated $2.83M sold.
- 55 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q4 2021, down from 58 in Q3 2021.
- Funds reported $64.5M of BlackRock Floating Rate Income Trust stock for Q4 2021, down 10% quarter-over-quarter.
- 9 funds opened new BlackRock Floating Rate Income Trust positions in Q4 2021 and 12 closed out, a net change of -3 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q4 2021 was Morgan Stanley, an estimated $1.35M added.
- The largest BlackRock Floating Rate Income Trust seller in Q4 2021 was 1607 Capital Partners, an estimated $2.83M sold.
Based on aggregated 13F filings for Q4 2021.