We are live on ! Find out more
FRA icon

BlackRock Floating Rate Income Strategies Fund
FRA

90 hedge funds and large institutions have $147M invested in BlackRock Floating Rate Income Strategies Fund in 2021 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 28 increasing their positions, 36 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% less funds holding

Funds holding: 93 → 90 (-3)

7.38% less ownership

Funds ownership: 38.85% → 31.48% (-7.4%)

13% less capital invested

Capital invested by funds: $168M → $147M (-$21.9M)

17% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 18

22% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 36

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
90
Holders Change
-3
Holders Change %
-3.23%
% of All Funds
1.58%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
15
Increased
28
Reduced
36
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KKRC
Kohlberg Kravis Roberts & Co
New York
+$8.15M
2
PPA
Parametric Portfolio Associates
Washington
+$6.12M
3
Ameriprise
Ameriprise
Minnesota
+$1.31M
4
CPC
Congress Park Capital
New York
+$1.02M
5
PHS
Pekin Hardy Strauss
Illinois
+$866K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$25M
2
PCM
Penserra Capital Management
California
-$8.01M
3
RCM
Rivernorth Capital Management
Florida
-$5.66M
4
Bank of America
Bank of America
North Carolina
-$3.42M
5
EVM
Eaton Vance Management
Massachusetts
-$3.33M
Name Holding Trade Value Shares
Change 		Change in
Stake
6M
26
6 Meridian
Kansas
$1.01M +$177K +13,899 +22%
PMG
27
ProVise Management Group
Florida
$964K -$9.45K -740 -1%
CIA
28
Capital Investment Advisors
Georgia
$933K -$24.1K -1,887 -3%
MIG
29
Mariner Investment Group
New York
$917K -$133K -10,400 -13%
PAS
30
Park Avenue Securities
New York
$898K +$47.5K +3,720 +6%
PHS
31
Pekin Hardy Strauss
Illinois
$882K +$866K +67,815 New
Envestnet Asset Management
32
Envestnet Asset Management
Illinois
$857K -$61.9K -4,849 -7%
Osaic Holdings
33
Osaic Holdings
Arizona
$854K -$10.2K -800 -1%
SRC
34
Shufro Rose & Co
New York
$791K -$2.55K -200 -0.3%
HKAM
35
Horizon Kinetics Asset Management
New York
$771K – – –
SFS
36
Shaker Financial Services
Virginia
$758K -$1.36M -106,166 -65%
AA
37
Apriem Advisors
California
$738K +$83.3K +6,522 +13%
BRWA
38
B. Riley Wealth Advisors
Florida
$685K -$460 -36 -0.1%
Wells Fargo
39
Wells Fargo
California
$654K -$128K -10,017 -17%
SPC
40
Sigma Planning Corp
Michigan
$650K +$638K +49,981 New
SBIA
41
Sheaff Brock Investment Advisors
Indiana
$568K – – –
LPL Financial
42
LPL Financial
California
$560K +$46.5K +3,644 +9%
ZA
43
Zazove Associates
Nevada
$498K – – –
9WM
44
9258 Wealth Management
Ohio
$480K -$13.9K -1,090 -3%
LWM
45
Laidlaw Wealth Management
New York
$465K -$568K -44,456 -55%
RJFSA
46
Raymond James Financial Services Advisors
Florida
$449K +$90.3K +7,072 +26%
Truist Financial
47
Truist Financial
North Carolina
$441K +$266K +20,843 +159%
PNC Financial Services Group
48
PNC Financial Services Group
Pennsylvania
$441K +$384K +30,109 +789%
ACM
49
Anfield Capital Management
California
$430K +$214K +16,745 +102%
WW
50
Waterfront Wealth
Kansas
$408K +$399K +31,252 New
1
2
3 4 5

FRA Hedge Fund Activity: Q1 2021 in Review

90 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q1 2021, worth a combined $147M — down 13% from $168M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of FRA and 15 opened new positions — a net loss of 3 holders — while 36 trimmed existing stakes and 28 added.

The largest buyer was Kohlberg Kravis Roberts & Co, opening a new position worth an estimated $8.15M. The largest seller was Saba Capital Management, cutting an estimated $25M.

  • 90 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q1 2021, down from 93 in Q4 2020.
  • Funds reported $147M of BlackRock Floating Rate Income Strategies Fund stock for Q1 2021, down 13% quarter-over-quarter.
  • 15 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q1 2021 and 18 closed out, a net change of -3 holders.
  • The largest BlackRock Floating Rate Income Strategies Fund buyer in Q1 2021 was Kohlberg Kravis Roberts & Co, an estimated $8.15M added.
  • The largest BlackRock Floating Rate Income Strategies Fund seller in Q1 2021 was Saba Capital Management, an estimated $25M sold.

Based on aggregated 13F filings for Q1 2021.