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BlackRock Floating Rate Income Strategies Fund
FRA

93 hedge funds and large institutions have $153M invested in BlackRock Floating Rate Income Strategies Fund in 2020 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 36 increasing their positions, 28 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 28

24% more capital invested

Capital invested by funds: $123M → $153M (+$29.8M)

4.69% more ownership

Funds ownership: 33.5% → 38.19% (+4.7%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

8% less funds holding

Funds holding: 101 → 93 (-8)

53% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 15

Holders
93
Holders Change
-8
Holders Change %
-7.92%
% of All Funds
1.91%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
7
Increased
36
Reduced
28
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$7.28M
2
SCM
Saba Capital Management
New York
+$4.84M
3
OCM
Oaktree Capital Management
California
+$2.92M
4
CRC
Curi RMB Capital
Illinois
+$1.08M
5
RVPG
Relative Value Partners Group
+$1.04M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$1.33M
2
Wells Fargo
Wells Fargo
California
-$1.14M
3
Morgan Stanley
Morgan Stanley
New York
-$779K
4
BRWA
B. Riley Wealth Advisors
Florida
-$765K
5
AC
Almitas Capital
California
-$502K
Name Holding Trade Value Shares
Change 		Change in
Stake
LWM
26
Laidlaw Wealth Management
New York
$989K -$50.9K -4,669 -5%
PMG
27
ProVise Management Group
Florida
$941K -$225K -20,655 -20%
MIG
28
Mariner Investment Group
New York
$905K -$14.3K -1,308 -2%
AA
29
AQR Arbitrage
Connecticut
$865K +$359K +32,937 +74%
6M
30
6 Meridian
Kansas
$758K +$739K +67,773 New
DADC
31
D.A. Davidson & Co
Montana
$703K +$117K +10,736 +21%
Envestnet Asset Management
32
Envestnet Asset Management
Illinois
$690K +$134K +12,267 +25%
SRC
33
Shufro Rose & Co
New York
$671K – – –
HKAM
34
Horizon Kinetics Asset Management
New York
$666K -$86K -7,889 -12%
CCP
35
Clough Capital Partners
Massachusetts
$643K +$294K +26,954 +88%
BRWA
36
B. Riley Wealth Advisors
Florida
$596K -$765K -70,196 -57%
PAS
37
Park Avenue Securities
New York
$583K +$103K +9,416 +22%
AA
38
Apriem Advisors
California
$576K -$24.2K -2,221 -4%
SW
39
SVB Wealth
Massachusetts
$569K +$555K +50,930 New
LPL Financial
40
LPL Financial
California
$487K +$14K +1,285 +3%
9WM
41
9258 Wealth Management
Ohio
$464K -$22.1K -2,024 -5%
Cohen & Steers
42
Cohen & Steers
New York
$440K – – –
SBIA
43
Sheaff Brock Investment Advisors
Indiana
$438K +$49.1K +4,500 +13%
CT
44
Coastline Trust
Rhode Island
$432K -$57.4K -5,260 -12%
ZA
45
Zazove Associates
Nevada
$428K – – –
RJFSA
46
Raymond James Financial Services Advisors
Florida
$404K -$38.7K -3,545 -9%
Goldman Sachs
47
Goldman Sachs
New York
$394K -$1.33M -122,098 -78%
Osaic Holdings
48
Osaic Holdings
Arizona
$381K +$9.37K +859 +3%
CIA
49
Capital Investment Advisors
Georgia
$371K -$475K -43,524 -56%
WCMNY
50
Westchester Capital Management (New York)
New York
$371K – – –
1
2
3 4 5

FRA Hedge Fund Activity: Q2 2020 in Review

93 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q2 2020, worth a combined $153M — up 24% from $123M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of FRA and 7 opened new positions — a net loss of 8 holders — while 28 trimmed existing stakes and 36 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $7.28M. The largest seller was Goldman Sachs, cutting an estimated $1.33M.

  • 93 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q2 2020, down from 101 in Q1 2020.
  • Funds reported $153M of BlackRock Floating Rate Income Strategies Fund stock for Q2 2020, up 24% quarter-over-quarter.
  • 7 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q2 2020 and 15 closed out, a net change of -8 holders.
  • The largest BlackRock Floating Rate Income Strategies Fund buyer in Q2 2020 was Rivernorth Capital Management, an estimated $7.28M added.
  • The largest BlackRock Floating Rate Income Strategies Fund seller in Q2 2020 was Goldman Sachs, an estimated $1.33M sold.

Based on aggregated 13F filings for Q2 2020.