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BlackRock Floating Rate Income Strategies Fund
FRA

76 hedge funds and large institutions have $154M invested in BlackRock Floating Rate Income Strategies Fund in 2016 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 30 increasing their positions, 21 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 21

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

1.31% less ownership

Funds ownership: 32.52% → 31.21% (-1.3%)

5% less funds holding

Funds holding: 80 → 76 (-4)

5% less capital invested

Capital invested by funds: $162M → $154M (-$8.12M)

27% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 15

Holders
76
Holders Change
-4
Holders Change %
-5%
% of All Funds
2.03%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
11
Increased
30
Reduced
21
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RVPG
Relative Value Partners Group
+$11.6M
2
SFS
Shaker Financial Services
Virginia
+$1.46M
3
CS
Credit Suisse
Switzerland
+$945K
4
Invesco
Invesco
Georgia
+$915K
5
Bank of America
Bank of America
North Carolina
+$490K

Top Sellers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
-$3.48M
2
MIG
Mariner Investment Group
New York
-$2.23M
3
RCA
Restructuring Capital Associates
Connecticut
-$2.15M
4
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$1.93M
5
YMRC
Yorktown Management & Research Company
Virginia
-$1.52M
Name Holding Trade Value Shares
Change 		Change in
Stake
KA
26
Klingman & Associates
New York
$1.17M – – –
SCM
27
Sterneck Capital Management
Missouri
$1.17M – – –
Ameriprise
28
Ameriprise
Minnesota
$1.11M +$112K +8,479 +11%
SRC
29
Shufro Rose & Co
New York
$1.08M – – –
CT
30
Coastline Trust
Rhode Island
$950K +$32.3K +2,451 +4%
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$810K +$4.73K +359 +0.6%
UR
32
USCA RIA
Texas
$764K +$185K +14,024 +32%
UBS Group
33
UBS Group
Switzerland
$722K -$27.3K -2,067 -4%
Loomis, Sayles & Company
34
Loomis, Sayles & Company
Massachusetts
$687K -$216K -16,350 -24%
JIP
35
Jaffetilchin Investment Partners
Florida
$600K +$8.29K +629 +1%
LPL Financial
36
LPL Financial
California
$535K -$462K -35,035 -47%
Deutsche Bank
37
Deutsche Bank
Germany
$499K – – –
TI
38
Telemetry Investments
New York
$461K -$268K -20,300 -37%
COLIM
39
City of London Investment Management
United Kingdom
$379K – – –
MFS
40
MSI Financial Services
Massachusetts
$367K -$683K -51,829 -65%
Commonwealth Equity Services
41
Commonwealth Equity Services
Massachusetts
$362K +$37.3K +2,826 +11%
LTFS
42
Ladenburg Thalmann Financial Services
Florida
$347K -$5.51K -418 -2%
RJA
43
Raymond James & Associates
Florida
$343K +$58K +4,396 +20%
Cambridge Investment Research Advisors
44
Cambridge Investment Research Advisors
Iowa
$316K +$369 +28 +0.1%
CRC
45
Curi RMB Capital
Illinois
$311K +$312K +23,675 New
LCM
46
Landscape Capital Management
New Jersey
$302K +$63.6K +4,823 +27%
CCG
47
Crescent Capital Group
California
$293K -$178K -13,500 -38%
Goldman Sachs
48
Goldman Sachs
New York
$284K +$2.15K +163 +0.8%
DA
49
Doliver Advisors
Texas
$274K +$273K +20,697 New
RJFSA
50
Raymond James Financial Services Advisors
Florida
$253K +$14.2K +1,078 +6%
1
2
3 4

FRA Hedge Fund Activity: Q2 2016 in Review

76 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q2 2016, worth a combined $154M — down 5% from $162M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of FRA and 11 opened new positions — a net loss of 4 holders — while 21 trimmed existing stakes and 30 added.

The largest buyer was Relative Value Partners Group, adding an estimated $11.6M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $3.48M sold.

  • 76 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q2 2016, down from 80 in Q1 2016.
  • Funds reported $154M of BlackRock Floating Rate Income Strategies Fund stock for Q2 2016, down 5% quarter-over-quarter.
  • 11 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q2 2016 and 15 closed out, a net change of -4 holders.
  • The largest BlackRock Floating Rate Income Strategies Fund buyer in Q2 2016 was Relative Value Partners Group, an estimated $11.6M added.
  • The largest BlackRock Floating Rate Income Strategies Fund seller in Q2 2016 was Parametric Portfolio Associates, an estimated $3.48M sold.

Based on aggregated 13F filings for Q2 2016.