BlackRock Floating Rate Income Strategies Fund
FRA
86 hedge funds and large institutions have $121M invested in BlackRock Floating Rate Income Strategies Fund in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 31 increasing their positions, 30 reducing their positions, and 15 closing their positions.
3% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 30
1% more capital invested
Capital invested by funds: $120M → $121M (+$1.75M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.49% less ownership
Funds ownership: 30.16% → 29.67% (-0.49%)
10% less funds holding
Funds holding: 96 → 86 (-10)
60% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$2.8M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$2.37M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$1.97M |
| 4 |
JRCM
Jones Road Capital Management
New York
|
+$1.21M |
| 5 |
WWMSC
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
|
+$1.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
-$5.85M |
| 2 |
Morgan Stanley
New York
|
-$3.77M |
| 3 |
RVPG
Relative Value Partners Group
|
-$723K |
| 4 |
AA
Apriem Advisors
Irvine,
California
|
-$649K |
| 5 |
Jane Street
New York
|
-$647K |
FRA Hedge Fund Activity: Q1 2023 in Review
86 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q1 2023, worth a combined $121M — up 1.5% from $120M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of FRA and 6 opened new positions — a net loss of 9 holders — while 30 trimmed existing stakes and 31 added.
The largest buyer was City of London Investment Management, opening a new position worth an estimated $2.8M. The largest seller was Oaktree Capital Management, exiting entirely with an estimated $5.85M sold.
- 86 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q1 2023, down from 96 in Q4 2022.
- Funds reported $121M of BlackRock Floating Rate Income Strategies Fund stock for Q1 2023, up 1.5% quarter-over-quarter.
- 6 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q1 2023 and 15 closed out, a net change of -9 holders.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q1 2023 was City of London Investment Management, an estimated $2.8M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q1 2023 was Oaktree Capital Management, an estimated $5.85M sold.
Based on aggregated 13F filings for Q1 2023.