BlackRock Floating Rate Income Strategies Fund
FRA
48 hedge funds and large institutions have $108M invested in BlackRock Floating Rate Income Strategies Fund in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 14 increasing their positions, 14 reducing their positions, and 7 closing their positions.
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
4% more funds holding
Funds holding: 46 → 48 (+2)
0.62% more ownership
Funds ownership: 18.98% → 19.6% (+0.62%)
0% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 14
1% less capital invested
Capital invested by funds: $109M → $108M (-$1.29M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$3.02M |
| 2 |
Morgan Stanley
New York
|
+$2.21M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.67M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.6M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$3.35M |
| 2 |
HK
Horizon Kinetics
New York
|
-$1.63M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$1.09M |
| 4 |
Neuberger Berman Group
New York
|
-$1.04M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$987K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$181K | -11,700 | Closed |
|
|
PP
52
Paloma Partners
Greenwich,
Connecticut
| – | -$159K | -10,300 | Closed |
|
|
HR
53
Howe & Rusling
Rochester,
New York
| – | -$15K | -1,000 | Closed |
|
|
TIM
54
Tortoise Investment Management
White Plains,
New York
| – | -$6K | -370 | Closed |
|
|
WC
55
Whitnell & Co
Oak Brook,
Illinois
| – | -$1K | -38 | Closed |
|
FRA Hedge Fund Activity: Q3 2013 in Review
48 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q3 2013, worth a combined $108M — down 1.2% from $109M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FRA positions and 7 closed out — a net gain of 2 holders — while 14 added to existing stakes and 14 trimmed.
The largest buyer was Janney Montgomery Scott, opening a new position worth an estimated $3.02M. The largest seller was Advisors Asset Management, cutting an estimated $3.35M.
- 48 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q3 2013, up from 46 in Q2 2013.
- Funds reported $108M of BlackRock Floating Rate Income Strategies Fund stock for Q3 2013, down 1.2% quarter-over-quarter.
- 9 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q3 2013 and 7 closed out, a net change of +2 holders.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q3 2013 was Janney Montgomery Scott, an estimated $3.02M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q3 2013 was Advisors Asset Management, an estimated $3.35M sold.
Based on aggregated 13F filings for Q3 2013.