BlackRock Floating Rate Income Strategies Fund
FRA
77 hedge funds and large institutions have $118M invested in BlackRock Floating Rate Income Strategies Fund in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 27 increasing their positions, 27 reducing their positions, and 16 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 27
3% less capital invested
Capital invested by funds: $121M → $118M (-$3.54M)
2.27% less ownership
Funds ownership: 29.67% → 27.4% (-2.3%)
10% less funds holding
Funds holding: 86 → 77 (-9)
56% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WWMSC
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
|
+$1.29M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.21M |
| 3 |
JRCM
Jones Road Capital Management
New York
|
+$473K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$304K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$269K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.6M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$1.56M |
| 3 |
RVPG
Relative Value Partners Group
|
-$1.33M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.3M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.23M |
FRA Hedge Fund Activity: Q2 2023 in Review
77 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q2 2023, worth a combined $118M — down 2.9% from $121M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of FRA and 7 opened new positions — a net loss of 9 holders — while 27 trimmed existing stakes and 27 added.
The largest buyer was Wagner Wealth Management (South Carolina), adding an estimated $1.29M. The largest seller was Morgan Stanley, cutting an estimated $2.6M.
- 77 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q2 2023, down from 86 in Q1 2023.
- Funds reported $118M of BlackRock Floating Rate Income Strategies Fund stock for Q2 2023, down 2.9% quarter-over-quarter.
- 7 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q2 2023 and 16 closed out, a net change of -9 holders.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q2 2023 was Wagner Wealth Management (South Carolina), an estimated $1.29M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q2 2023 was Morgan Stanley, an estimated $2.6M sold.
Based on aggregated 13F filings for Q2 2023.