BlackRock Floating Rate Income Trust
BGT
61 hedge funds and large institutions have $72.6M invested in BlackRock Floating Rate Income Trust in 2023 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 16 reducing their positions, and 10 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 16
1% more capital invested
Capital invested by funds: $71.9M → $72.6M (+$731K)
0.4% less ownership
Funds ownership: 29.37% → 28.98% (-0.4%)
8% less funds holding
Funds holding: 66 → 61 (-5)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DIA
Dean Investment Associates
Beavercreek,
Ohio
|
+$2.21M |
| 2 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$1.86M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$851K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$573K |
| 5 |
WWMSC
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
|
+$446K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
-$2.86M |
| 2 |
Morgan Stanley
New York
|
-$2.73M |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
-$1.02M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$545K |
| 5 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
-$491K |
BGT Hedge Fund Activity: Q1 2023 in Review
61 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q1 2023, worth a combined $72.6M — up 1% from $71.9M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of BGT and 5 opened new positions — a net loss of 5 holders — while 16 trimmed existing stakes and 23 added.
The largest buyer was Dean Investment Associates, opening a new position worth an estimated $2.21M. The largest seller was Oaktree Capital Management, exiting entirely with an estimated $2.86M sold.
- 61 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q1 2023, down from 66 in Q4 2022.
- Funds reported $72.6M of BlackRock Floating Rate Income Trust stock for Q1 2023, up 1% quarter-over-quarter.
- 5 funds opened new BlackRock Floating Rate Income Trust positions in Q1 2023 and 10 closed out, a net change of -5 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q1 2023 was Dean Investment Associates, an estimated $2.21M added.
- The largest BlackRock Floating Rate Income Trust seller in Q1 2023 was Oaktree Capital Management, an estimated $2.86M sold.
Based on aggregated 13F filings for Q1 2023.