BlackRock Floating Rate Income Trust
BGT
62 hedge funds and large institutions have $74.3M invested in BlackRock Floating Rate Income Trust in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 19 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
5% more funds holding
Funds holding: 59 → 62 (+3)
3% less capital invested
Capital invested by funds: $76.4M → $74.3M (-$2.06M)
1.84% less ownership
Funds ownership: 29.27% → 27.43% (-1.8%)
11% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GL
Graypoint LLC
Albany,
New York
|
+$1.97M |
| 2 |
LPL Financial
San Diego,
California
|
+$1.4M |
| 3 |
WWMSC
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
|
+$573K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$480K |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$446K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAWAG
Mid-American Wealth Advisory Group
Kansas City,
Missouri
|
-$3.38M |
| 2 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$2.94M |
| 3 |
Morgan Stanley
New York
|
-$2.09M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$818K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$671K |
BGT Hedge Fund Activity: Q3 2023 in Review
62 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q3 2023, worth a combined $74.3M — down 2.7% from $76.4M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new BGT positions and 5 closed out — a net gain of 3 holders — while 17 added to existing stakes and 19 trimmed.
The largest buyer was Graypoint LLC, opening a new position worth an estimated $1.97M. The largest seller was Mid-American Wealth Advisory Group, cutting an estimated $3.38M.
- 62 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q3 2023, up from 59 in Q2 2023.
- Funds reported $74.3M of BlackRock Floating Rate Income Trust stock for Q3 2023, down 2.7% quarter-over-quarter.
- 8 funds opened new BlackRock Floating Rate Income Trust positions in Q3 2023 and 5 closed out, a net change of +3 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q3 2023 was Graypoint LLC, an estimated $1.97M added.
- The largest BlackRock Floating Rate Income Trust seller in Q3 2023 was Mid-American Wealth Advisory Group, an estimated $3.38M sold.
Based on aggregated 13F filings for Q3 2023.