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BlackRock Floating Rate Income Strategies Fund
FRA

68 hedge funds and large institutions have $143M invested in BlackRock Floating Rate Income Strategies Fund in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 26 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

5.57% less ownership

Funds ownership: 31.89% → 26.32% (-5.6%)

9% less funds holding

Funds holding: 75 → 68 (-7)

16% less capital invested

Capital invested by funds: $171M → $143M (-$28.2M)

19% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 26

42% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 12

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
68
Holders Change
-7
Holders Change %
-9.33%
% of All Funds
1.69%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
7
Increased
21
Reduced
26
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
+$1.9M
2
GC
Guggenheim Capital
Illinois
+$1.57M
3
PWPCM
Perella Weinberg Partners Capital Management
New York
+$1.52M
4
Bank of America
Bank of America
North Carolina
+$723K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$490K

Top Sellers

Rank Fund Capital Flow
1
RVPG
Relative Value Partners Group
-$16.8M
2
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$4.78M
3
EVM
Eaton Vance Management
Massachusetts
-$3.76M
4
RCM
Rivernorth Capital Management
Florida
-$2.61M
5
Morgan Stanley
Morgan Stanley
New York
-$1.16M
Name Holding Trade Value Shares
Change 		Change in
Stake
KA
26
Klingman & Associates
New York
$1.3M -$33.7K -2,300 -2%
UR
27
USCA RIA
Texas
$1.18M +$113K +7,700 +10%
SRC
28
Shufro Rose & Co
New York
$1.12M -$36.6K -2,500 -3%
CCK
29
Clarity Capital KCPS
Israel
$1.06M +$293K +20,000 New
JIP
30
Jaffetilchin Investment Partners
Florida
$691K +$12.6K +858 +2%
LTFS
31
Ladenburg Thalmann Financial Services
Florida
$672K -$220 -15 -0%
AA
32
Apriem Advisors
California
$627K +$293K +20,000 +86%
GWM
33
Geneos Wealth Management
Colorado
$510K +$51.4K +3,509 +11%
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$408K -$7.26K -496 -2%
Millennium Management
35
Millennium Management
New York
$370K +$373K +25,506 New
Goldman Sachs
36
Goldman Sachs
New York
$369K -$76.9K -5,253 -17%
SPC
37
Sigma Planning Corp
Michigan
$362K +$72.5K +4,951 +25%
MML Investors Services
38
MML Investors Services
Massachusetts
$334K +$338K +23,084 New
TFCP
39
Twin Focus Capital Partners
Massachusetts
$331K – – –
RJFSA
40
Raymond James Financial Services Advisors
Florida
$330K -$3.48K -238 -1%
Cambridge Investment Research Advisors
41
Cambridge Investment Research Advisors
Iowa
$299K -$190K -12,951 -39%
AIM
42
Anchor Investment Management
South Carolina
$277K – – –
AG
43
Advisor Group
Arizona
$267K +$54.7K +3,737 +26%
CI
44
Cambiar Investors
Colorado
$252K – – –
FHA
45
Flagship Harbor Advisors
Massachusetts
$246K +$7.44K +508 +3%
VKH
46
Virtu KCG Holdings
New York
$237K +$239K +16,330 New
SI
47
SII Investments
Wisconsin
$200K +$50K +3,419 +33%
Neuberger Berman Group
48
Neuberger Berman Group
New York
$199K -$26K -1,778 -11%
PAG
49
Private Advisor Group
New Jersey
$198K +$40.3K +2,755 +25%
DADC
50
D.A. Davidson & Co
Montana
$182K +$38.3K +2,619 +26%
1
2
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FRA Hedge Fund Activity: Q1 2017 in Review

68 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q1 2017, worth a combined $143M — down 16% from $171M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of FRA and 7 opened new positions — a net loss of 5 holders — while 26 trimmed existing stakes and 21 added.

The largest buyer was Loomis, Sayles & Company, adding an estimated $1.9M. The largest seller was Relative Value Partners Group, cutting an estimated $16.8M.

  • 68 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q1 2017, down from 75 in Q4 2016.
  • Funds reported $143M of BlackRock Floating Rate Income Strategies Fund stock for Q1 2017, down 16% quarter-over-quarter.
  • 7 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q1 2017 and 12 closed out, a net change of -5 holders.
  • The largest BlackRock Floating Rate Income Strategies Fund buyer in Q1 2017 was Loomis, Sayles & Company, an estimated $1.9M added.
  • The largest BlackRock Floating Rate Income Strategies Fund seller in Q1 2017 was Relative Value Partners Group, an estimated $16.8M sold.

Based on aggregated 13F filings for Q1 2017.