Franklin BSP Realty Trust
FBRT
177 hedge funds and large institutions have $583M invested in Franklin BSP Realty Trust in 2023 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 54 increasing their positions, 74 reducing their positions, and 20 closing their positions.
258% more call options, than puts
Call options by funds: $465K | Put options by funds: $130K
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
0.68% less ownership
Funds ownership: 59.56% → 58.88% (-0.68%)
6% less funds holding
Funds holding: 188 → 177 (-11)
27% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 74
30% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 20
35% less capital invested
Capital invested by funds: $896M → $583M (-$313M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
C
Cliffwater
Marina Del Rey,
California
|
+$4.1M |
| 2 |
PMAM
Penn Mutual Asset Management
Conshohocken,
Pennsylvania
|
+$3.51M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$2.44M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$1.19M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$766K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$2.34M |
| 2 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$2.12M |
| 3 |
Voloridge Investment Management
Jupiter,
Florida
|
-$1.7M |
| 4 |
SIA
Schechter Investment Advisors
Birmingham,
Michigan
|
-$1.36M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.15M |
FBRT Hedge Fund Activity: Q1 2023 in Review
177 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Franklin BSP Realty Trust (FBRT) for Q1 2023, worth a combined $583M — down 35% from $896M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of FBRT and 14 opened new positions — a net loss of 6 holders — while 74 trimmed existing stakes and 54 added.
The largest buyer was Cliffwater, adding an estimated $4.1M. The largest seller was BlackRock, cutting an estimated $2.34M.
- 177 institutional investors held Franklin BSP Realty Trust (FBRT) as of Q1 2023, down from 188 in Q4 2022.
- Funds reported $583M of Franklin BSP Realty Trust stock for Q1 2023, down 35% quarter-over-quarter.
- 14 funds opened new Franklin BSP Realty Trust positions in Q1 2023 and 20 closed out, a net change of -6 holders.
- The largest Franklin BSP Realty Trust buyer in Q1 2023 was Cliffwater, an estimated $4.1M added.
- The largest Franklin BSP Realty Trust seller in Q1 2023 was BlackRock, an estimated $2.34M sold.
Based on aggregated 13F filings for Q1 2023.