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BlackRock Floating Rate Income Strategies Fund
FRA

100 hedge funds and large institutions have $125M invested in BlackRock Floating Rate Income Strategies Fund in 2018 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 26 increasing their positions, 31 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

4.24% more ownership

Funds ownership: 24.35% → 28.59% (+4.2%)

1% more funds holding

Funds holding: 99 → 100 (+1)

8% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 24

11% less capital invested

Capital invested by funds: $140M → $125M (-$15M)

16% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 31

Holders
100
Holders Change
+1
Holders Change %
+1.01%
% of All Funds
2.23%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
26
Increased
26
Reduced
31
Closed
24
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$9.95M
2
RVPG
Relative Value Partners Group
+$5.95M
3
AUIM
Aegon USA Investment Management
Iowa
+$4.89M
4
FIMG
Financial & Investment Management Group
Michigan
+$3.64M
5
LCM
Landscape Capital Management
New Jersey
+$2.08M

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$8.49M
2
GC
Guggenheim Capital
Illinois
-$1.73M
3
Bank of America
Bank of America
North Carolina
-$1.51M
4
Ameriprise
Ameriprise
Minnesota
-$1.39M
5
NMC
Nine Masts Capital
Hong Kong
-$1.36M
Name Holding Trade Value Shares
Change 		Change in
Stake
PPA
26
Parametric Portfolio Associates
Washington
$981K +$1.06M +82,397 New
MWP
27
MYCIO Wealth Partners
Pennsylvania
$973K +$20.9K +1,624 +2%
CIA
28
Capital Investment Advisors
Georgia
$969K +$1.19K +92 +0.1%
SCM
29
Saba Capital Management
New York
$944K +$1.02M +79,359 New
WAM
30
Weiss Asset Management
Massachusetts
$919K +$995K +77,211 New
CT
31
Coastline Trust
Rhode Island
$880K -$1.21M -93,660 -56%
Ameriprise
32
Ameriprise
Minnesota
$872K -$1.39M -108,214 -60%
AA
33
Apriem Advisors
California
$832K -$214K -16,600 -19%
HK
34
Horizon Kinetics
New York
$814K -$15.3K -1,185 -2%
Baird Financial Group
35
Baird Financial Group
Wisconsin
$804K +$870K +67,537 New
WCMNY
36
Westchester Capital Management (New York)
New York
$790K – – –
SRC
37
Shufro Rose & Co
New York
$724K -$153K -11,850 -16%
AC
38
Almitas Capital
California
$697K +$755K +58,572 New
SFS
39
Shaker Financial Services
Virginia
$636K -$148K -11,496 -18%
COLIM
40
City of London Investment Management
United Kingdom
$628K +$258K +20,000 +61%
RJFSA
41
Raymond James Financial Services Advisors
Florida
$605K -$264K -20,518 -29%
QGA
42
Q Global Advisors
Texas
$552K +$598K +46,401 New
BFM
43
Boothbay Fund Management
New York
$547K +$593K +46,000 New
AIM
44
Anchor Investment Management
South Carolina
$544K -$38.4K -2,979 -6%
CAN
45
Cetera Advisor Networks
California
$497K +$151K +11,698 +39%
AG
46
Advisor Group
Arizona
$477K -$36.6K -2,839 -7%
9WM
47
9258 Wealth Management
Ohio
$475K +$514K +39,904 New
AA
48
AQR Arbitrage
Connecticut
$472K +$511K +39,629 New
MML Investors Services
49
MML Investors Services
Massachusetts
$460K +$128K +9,914 +35%
ZA
50
Zazove Associates
Nevada
$455K +$493K +38,276 New
1
2
3 4 5

FRA Hedge Fund Activity: Q4 2018 in Review

100 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q4 2018, worth a combined $125M — down 11% from $140M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new FRA positions and 24 closed out — a net gain of 2 holders — while 26 added to existing stakes and 31 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $9.95M. The largest seller was Wells Fargo, cutting an estimated $8.49M.

  • 100 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q4 2018, up from 99 in Q3 2018.
  • Funds reported $125M of BlackRock Floating Rate Income Strategies Fund stock for Q4 2018, down 11% quarter-over-quarter.
  • 26 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q4 2018 and 24 closed out, a net change of +2 holders.
  • The largest BlackRock Floating Rate Income Strategies Fund buyer in Q4 2018 was Rivernorth Capital Management, an estimated $9.95M added.
  • The largest BlackRock Floating Rate Income Strategies Fund seller in Q4 2018 was Wells Fargo, an estimated $8.49M sold.

Based on aggregated 13F filings for Q4 2018.