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BlackRock Floating Rate Income Strategies Fund
FRA

84 hedge funds and large institutions have $143M invested in BlackRock Floating Rate Income Strategies Fund in 2018 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 31 increasing their positions, 24 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 24

1% less capital invested

Capital invested by funds: $144M → $143M (-$1.1M)

1.82% less ownership

Funds ownership: 28.02% → 26.2% (-1.8%)

5% less funds holding

Funds holding: 88 → 84 (-4)

27% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 15

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
84
Holders Change
-4
Holders Change %
-4.55%
% of All Funds
1.93%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
11
Increased
31
Reduced
24
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
EVM
Eaton Vance Management
Massachusetts
+$3.73M
2
Wells Fargo
Wells Fargo
California
+$2.62M
3
JIP
Jaffetilchin Investment Partners
Florida
+$1.46M
4
Morgan Stanley
Morgan Stanley
New York
+$1.46M
5
RCA
Restructuring Capital Associates
Connecticut
+$1.22M

Top Sellers

Rank Fund Capital Flow
1
RVPG
Relative Value Partners Group
-$13.2M
2
GWM
Geneos Wealth Management
Colorado
-$2.91M
3
PMG
Private Management Group
California
-$2.38M
4
SCM
Sterneck Capital Management
Missouri
-$1.79M
5
SRC
Shufro Rose & Co
New York
-$1.07M
Name Holding Trade Value Shares
Change 		Change in
Stake
SRC
26
Shufro Rose & Co
New York
$1.09M -$1.07M -74,950 Closed
HighTower Advisors
27
HighTower Advisors
Illinois
$1.05M -$100K -6,981 -9%
CS
28
Comerica Securities
Michigan
$1.04M +$126K +8,813 +14%
HK
29
Horizon Kinetics
New York
$1.03M -$10.4K -726 -1%
KA
30
Klingman & Associates
New York
$972K -$64.5K -4,500 -6%
WCMNY
31
Westchester Capital Management (New York)
New York
$965K – – –
Stifel Financial
32
Stifel Financial
Missouri
$813K +$803K +56,026 New
AA
33
Apriem Advisors
California
$774K -$178K -12,400 -19%
AA
34
AlphaMark Advisors
Kentucky
$671K +$516K +36,000 +353%
AIM
35
Anchor Investment Management
South Carolina
$648K +$390K +27,202 +156%
LTFS
36
Ladenburg Thalmann Financial Services
Florida
$615K +$29.3K +2,048 +5%
DADC
37
D.A. Davidson & Co
Montana
$509K +$116K +8,097 +30%
AG
38
Advisor Group
Arizona
$500K +$135K +9,400 +38%
RJA
39
Raymond James & Associates
Florida
$443K -$461K -32,209 -51%
MML Investors Services
40
MML Investors Services
Massachusetts
$401K +$29.9K +2,089 +8%
Commonwealth Equity Services
41
Commonwealth Equity Services
Massachusetts
$394K -$43K -3,000 -10%
COLIM
42
City of London Investment Management
United Kingdom
$387K – – –
UR
43
USCA RIA
Texas
$353K – – –
Bank of Montreal
44
Bank of Montreal
Ontario, Canada
$335K -$9.99K -697 -3%
HCM
45
Hollencrest Capital Management
California
$266K – – –
LPL Financial
46
LPL Financial
California
$259K +$44.8K +3,128 +21%
Cambridge Investment Research Advisors
47
Cambridge Investment Research Advisors
Iowa
$253K +$47.1K +3,290 +23%
SPC
48
Sigma Planning Corp
Michigan
$243K +$26.7K +1,862 +13%
DC
49
Davenport & Co
Virginia
$237K +$234K +16,335 New
FHA
50
Flagship Harbor Advisors
Massachusetts
$219K +$9.4K +656 +5%
1
2
3 4

FRA Hedge Fund Activity: Q1 2018 in Review

84 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q1 2018, worth a combined $143M — down 0.77% from $144M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of FRA and 11 opened new positions — a net loss of 4 holders — while 24 trimmed existing stakes and 31 added.

The largest buyer was Eaton Vance Management, adding an estimated $3.73M. The largest seller was Relative Value Partners Group, cutting an estimated $13.2M.

  • 84 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q1 2018, down from 88 in Q4 2017.
  • Funds reported $143M of BlackRock Floating Rate Income Strategies Fund stock for Q1 2018, down 0.77% quarter-over-quarter.
  • 11 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q1 2018 and 15 closed out, a net change of -4 holders.
  • The largest BlackRock Floating Rate Income Strategies Fund buyer in Q1 2018 was Eaton Vance Management, an estimated $3.73M added.
  • The largest BlackRock Floating Rate Income Strategies Fund seller in Q1 2018 was Relative Value Partners Group, an estimated $13.2M sold.

Based on aggregated 13F filings for Q1 2018.