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BlackRock Floating Rate Income Strategies Fund
FRA

66 hedge funds and large institutions have $129M invested in BlackRock Floating Rate Income Strategies Fund in 2015 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 28 increasing their positions, 14 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 14

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

25% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 8

6% more capital invested

Capital invested by funds: $122M → $129M (+$7.81M)

2.47% more ownership

Funds ownership: 24.04% → 26.51% (+2.5%)

2% more funds holding

Funds holding: 65 → 66 (+1)

Holders
66
Holders Change
+1
Holders Change %
+1.54%
% of All Funds
1.84%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.11%
New
10
Increased
28
Reduced
14
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FIMG
Financial & Investment Management Group
Michigan
+$3.38M
2
KKRC
Kohlberg Kravis Roberts & Co
New York
+$2.43M
3
RCA
Restructuring Capital Associates
Connecticut
+$2.33M
4
AUIM
Aegon USA Investment Management
Iowa
+$1.9M
5
ACM
Advent Capital Management
New York
+$1.47M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.52M
2
KA
Klingman & Associates
New York
-$1.24M
3
SJIC
St. James Investment Company
Texas
-$893K
4
HK
Horizon Kinetics
New York
-$576K
5
PIA
Peachtree Investment Advisors
Georgia
-$426K
Name Holding Trade Value Shares
Change 		Change in
Stake
PMG
26
ProVise Management Group
Florida
$1.2M -$5.25K -397 -0.4%
SRC
27
Shufro Rose & Co
New York
$1.07M -$21.8K -1,650 -2%
Ameriprise
28
Ameriprise
Minnesota
$1.07M -$17.1K -1,294 -2%
LPL Financial
29
LPL Financial
California
$1M -$10.9K -823 -1%
Loomis, Sayles & Company
30
Loomis, Sayles & Company
Massachusetts
$861K +$13.2K +996 +2%
SCM
31
Sterneck Capital Management
Missouri
$836K +$39.7K +3,000 +5%
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$776K -$63.8K -4,829 -7%
TI
33
Telemetry Investments
New York
$717K – – –
CT
34
Coastline Trust
Rhode Island
$696K +$57.5K +4,350 +9%
UBS Group
35
UBS Group
Switzerland
$676K +$54.6K +4,132 +9%
Deutsche Bank
36
Deutsche Bank
Germany
$636K +$502K +38,000 +340%
MFS
37
MSI Financial Services
Massachusetts
$605K +$112K +8,469 +22%
HNB
38
Huntington National Bank
Ohio
$524K – – –
LCM
39
Landscape Capital Management
New Jersey
$482K +$40K +3,024 +9%
KIM
40
Karpus Investment Management
New York
$471K +$481K +36,365 New
CCG
41
Crescent Capital Group
California
$463K – – –
LTFS
42
Ladenburg Thalmann Financial Services
Florida
$374K +$14.2K +1,076 +4%
Cambridge Investment Research Advisors
43
Cambridge Investment Research Advisors
Iowa
$370K +$65.1K +4,928 +21%
Commonwealth Equity Services
44
Commonwealth Equity Services
Massachusetts
$320K +$14K +1,058 +4%
PNC Financial Services Group
45
PNC Financial Services Group
Pennsylvania
$319K +$229K +17,309 +235%
AIM
46
Allen Investment Management
New York
$317K – – –
CC
47
Caxton Corporation
New Jersey
$309K +$170K +12,897 +117%
AIG
48
American International Group
New York
$258K +$19.8K +1,500 +8%
FAAS
49
First Allied Advisory Services
California
$250K +$257K +19,410 New
VFS
50
VSR Financial Services
Kansas
$232K -$119K -8,994 -33%
1
2
3

FRA Hedge Fund Activity: Q3 2015 in Review

66 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q3 2015, worth a combined $129M — up 6.4% from $122M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new FRA positions and 8 closed out — a net gain of 2 holders — while 28 added to existing stakes and 14 trimmed.

The largest buyer was Financial & Investment Management Group, adding an estimated $3.38M. The largest seller was Morgan Stanley, cutting an estimated $1.52M.

  • 66 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q3 2015, up from 65 in Q2 2015.
  • Funds reported $129M of BlackRock Floating Rate Income Strategies Fund stock for Q3 2015, up 6.4% quarter-over-quarter.
  • 10 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q3 2015 and 8 closed out, a net change of +2 holders.
  • The largest BlackRock Floating Rate Income Strategies Fund buyer in Q3 2015 was Financial & Investment Management Group, an estimated $3.38M added.
  • The largest BlackRock Floating Rate Income Strategies Fund seller in Q3 2015 was Morgan Stanley, an estimated $1.52M sold.

Based on aggregated 13F filings for Q3 2015.