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BlackRock Floating Rate Income Strategies Fund
FRA

101 hedge funds and large institutions have $123M invested in BlackRock Floating Rate Income Strategies Fund in 2020 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 33 increasing their positions, 34 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.99% more ownership

Funds ownership: 32.51% → 33.5% (+0.99%)

3% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 34

7% less funds holding

Funds holding: 109 → 101 (-8)

22% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 27

23% less capital invested

Capital invested by funds: $160M → $123M (-$37M)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
101
Holders Change
-8
Holders Change %
-7.34%
% of All Funds
2.23%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
21
Increased
33
Reduced
34
Closed
27
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$4.29M
2
OCM
Oaktree Capital Management
California
+$3.21M
3
RCM
Rivernorth Capital Management
Florida
+$2.04M
4
Goldman Sachs
Goldman Sachs
New York
+$1.56M
5
BRWA
B. Riley Wealth Advisors
Florida
+$1.36M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$3.19M
2
Bank of America
Bank of America
North Carolina
-$2.16M
3
VCM
Vivaldi Capital Management
Illinois
-$1.51M
4
OMC
Old Mission Capital
Illinois
-$1.47M
5
MIG
Mariner Investment Group
New York
-$1.35M
Name Holding Trade Value Shares
Change 		Change in
Stake
SFS
26
Shaker Financial Services
Virginia
$1.04M +$1.05M +85,074 +442%
LWM
27
Laidlaw Wealth Management
New York
$932K +$1.15M +93,102 New
Royal Bank of Canada
28
Royal Bank of Canada
Ontario, Canada
$859K +$1.01K +82 +0.1%
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$831K +$146K +11,850 +17%
MIG
30
Mariner Investment Group
New York
$823K -$1.35M -109,225 -57%
CIA
31
Capital Investment Advisors
Georgia
$774K -$20.5K -1,656 -2%
HKAM
32
Horizon Kinetics Asset Management
New York
$675K -$8.15K -659 -1%
SRC
33
Shufro Rose & Co
New York
$601K -$7.42K -600 -1%
Janney Montgomery Scott
34
Janney Montgomery Scott
Pennsylvania
$593K -$188K -15,194 -20%
AA
35
Apriem Advisors
California
$538K -$29.7K -2,400 -4%
DADC
36
D.A. Davidson & Co
Montana
$522K +$645K +52,165 New
AC
37
Almitas Capital
California
$502K -$631K -51,079 -50%
Envestnet Asset Management
38
Envestnet Asset Management
Illinois
$495K +$113K +9,102 +23%
9WM
39
9258 Wealth Management
Ohio
$462K +$62.2K +5,028 +13%
AA
40
AQR Arbitrage
Connecticut
$445K +$232K +18,806 +73%
CT
41
Coastline Trust
Rhode Island
$440K -$127K -10,270 -19%
PAS
42
Park Avenue Securities
New York
$428K +$91.5K +7,403 +21%
LPL Financial
43
LPL Financial
California
$423K +$75.7K +6,124 +17%
RJFSA
44
Raymond James Financial Services Advisors
Florida
$397K -$18.9K -1,526 -4%
Cohen & Steers
45
Cohen & Steers
New York
$394K -$102K -8,211 -17%
Ameriprise
46
Ameriprise
Minnesota
$392K -$154K -12,435 -24%
ZA
47
Zazove Associates
Nevada
$383K – – –
LCM
48
Landscape Capital Management
New Jersey
$376K +$464K +37,544 New
SBIA
49
Sheaff Brock Investment Advisors
Indiana
$347K – – –
WCMNY
50
Westchester Capital Management (New York)
New York
$332K – – –
1
2
3 4 5

FRA Hedge Fund Activity: Q1 2020 in Review

101 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q1 2020, worth a combined $123M — down 23% from $160M a quarter earlier.

Sellers outnumbered buyers: 27 funds closed out of FRA and 21 opened new positions — a net loss of 6 holders — while 34 trimmed existing stakes and 33 added.

The largest buyer was Saba Capital Management, adding an estimated $4.29M. The largest seller was Millennium Management, exiting entirely with an estimated $3.19M sold.

  • 101 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q1 2020, down from 109 in Q4 2019.
  • Funds reported $123M of BlackRock Floating Rate Income Strategies Fund stock for Q1 2020, down 23% quarter-over-quarter.
  • 21 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q1 2020 and 27 closed out, a net change of -6 holders.
  • The largest BlackRock Floating Rate Income Strategies Fund buyer in Q1 2020 was Saba Capital Management, an estimated $4.29M added.
  • The largest BlackRock Floating Rate Income Strategies Fund seller in Q1 2020 was Millennium Management, an estimated $3.19M sold.

Based on aggregated 13F filings for Q1 2020.