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BlackRock Floating Rate Income Strategies Fund
FRA

48 hedge funds and large institutions have $108M invested in BlackRock Floating Rate Income Strategies Fund in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 14 increasing their positions, 14 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 7

4% more funds holding

Funds holding: 46 → 48 (+2)

0.62% more ownership

Funds ownership: 18.98% → 19.6% (+0.62%)

0% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 14

1% less capital invested

Capital invested by funds: $109M → $108M (-$1.29M)

Holders
48
Holders Change
+2
Holders Change %
+4.35%
% of All Funds
1.56%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
14
Reduced
14
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$3.02M
2
Morgan Stanley
Morgan Stanley
New York
+$2.21M
3
PPA
Parametric Portfolio Associates
Washington
+$1.67M
4
RJFSA
Raymond James Financial Services Advisors
Florida
+$1.6M
5
SFS
Shaker Financial Services
Virginia
+$1.49M

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$3.35M
2
HK
Horizon Kinetics
New York
-$1.63M
3
Invesco
Invesco
Georgia
-$1.09M
4
Neuberger Berman Group
Neuberger Berman Group
New York
-$1.04M
5
GC
Guggenheim Capital
Illinois
-$987K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
26
Cambridge Investment Research Advisors
Iowa
$362K +$7.27K +483 +2%
Deutsche Bank
27
Deutsche Bank
Germany
$360K +$179K +11,912 +96%
Neuberger Berman Group
28
Neuberger Berman Group
New York
$309K -$1.04M -68,975 -77%
SKK
29
Shepherd Kaplan Krochuk
Massachusetts
$272K – – –
WAM
30
Wolverine Asset Management
Illinois
$213K +$217K +14,388 New
SI
31
SII Investments
Wisconsin
$199K – – –
ACM
32
Aviance Capital Management
Florida
$171K -$6.79K -451 -4%
OC
33
Oppenheimer & Co
New York
$171K – – –
HighTower Advisors
34
HighTower Advisors
Illinois
$160K +$5.15K +342 +3%
PFO
35
Pathstone Family Office
New Jersey
$119K +$120K +7,966 New
Creative Planning
36
Creative Planning
Kansas
$62K -$12.2K -811 -16%
AIG
37
American International Group
New York
$57.2K – – –
TRCT
38
Tower Research Capital (TRC)
New York
$32K -$9.94K -660 -23%
MFS
39
MSI Financial Services
Massachusetts
$28K +$9.79K +650 +52%
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$25K +$18.4K +1,220 +267%
DADC
41
D.A. Davidson & Co
Montana
$22K – – –
WRM
42
Westport Resources Management
Connecticut
$14K -$20.6K -1,371 -60%
RIA
43
Regal Investment Advisors
Michigan
$14K – – –
LTFS
44
Ladenburg Thalmann Financial Services
Florida
$9K – – –
HCM
45
Highlander Capital Management
New Jersey
$7.94K – – –
Northwestern Mutual Wealth Management
46
Northwestern Mutual Wealth Management
Wisconsin
$7K -$53.8K -3,571 -89%
M
47
MOTCO
Texas
$6K – – –
BC
48
Bartlett & Co
Ohio
$3K +$2.57K +171 New
WA
49
WFG Advisors
Texas
– -$256K -16,540 Closed
Jane Street
50
Jane Street
New York
– -$188K -12,126 Closed
1
2
3

FRA Hedge Fund Activity: Q3 2013 in Review

48 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q3 2013, worth a combined $108M — down 1.2% from $109M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new FRA positions and 7 closed out — a net gain of 2 holders — while 14 added to existing stakes and 14 trimmed.

The largest buyer was Janney Montgomery Scott, opening a new position worth an estimated $3.02M. The largest seller was Advisors Asset Management, cutting an estimated $3.35M.

  • 48 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q3 2013, up from 46 in Q2 2013.
  • Funds reported $108M of BlackRock Floating Rate Income Strategies Fund stock for Q3 2013, down 1.2% quarter-over-quarter.
  • 9 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q3 2013 and 7 closed out, a net change of +2 holders.
  • The largest BlackRock Floating Rate Income Strategies Fund buyer in Q3 2013 was Janney Montgomery Scott, an estimated $3.02M added.
  • The largest BlackRock Floating Rate Income Strategies Fund seller in Q3 2013 was Advisors Asset Management, an estimated $3.35M sold.

Based on aggregated 13F filings for Q3 2013.