BlackRock Floating Rate Income Strategies Fund
FRA
91 hedge funds and large institutions have $147M invested in BlackRock Floating Rate Income Strategies Fund in 2019 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 29 increasing their positions, 29 reducing their positions, and 14 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
16% more capital invested
Capital invested by funds: $126M → $147M (+$20.8M)
6.31% more ownership
Funds ownership: 27.16% → 33.47% (+6.3%)
0% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 29
5% less funds holding
Funds holding: 96 → 91 (-5)
29% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$26.1M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$3.35M |
| 3 |
VEA
Virtus ETF Advisers
New York
|
+$2.26M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.14M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$1.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$1.53M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.41M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.16M |
| 4 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
-$1.13M |
| 5 |
MWP
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
|
-$1.03M |
FRA Hedge Fund Activity: Q2 2019 in Review
91 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q2 2019, worth a combined $147M — up 16% from $126M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of FRA and 10 opened new positions — a net loss of 4 holders — while 29 trimmed existing stakes and 29 added.
The largest buyer was Saba Capital Management, adding an estimated $26.1M. The largest seller was Wells Fargo, cutting an estimated $1.53M.
- 91 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q2 2019, down from 96 in Q1 2019.
- Funds reported $147M of BlackRock Floating Rate Income Strategies Fund stock for Q2 2019, up 16% quarter-over-quarter.
- 10 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q2 2019 and 14 closed out, a net change of -4 holders.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q2 2019 was Saba Capital Management, an estimated $26.1M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q2 2019 was Wells Fargo, an estimated $1.53M sold.
Based on aggregated 13F filings for Q2 2019.