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BlackRock Floating Rate Income Strategies Fund
FRA

60 hedge funds and large institutions have $110M invested in BlackRock Floating Rate Income Strategies Fund in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 20 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 20

0.12% more ownership

Funds ownership: 20.55% → 20.67% (+0.12%)

3% less capital invested

Capital invested by funds: $113M → $110M (-$3.21M)

10% less funds holding

Funds holding: 67 → 60 (-7)

54% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 13

Holders
60
Holders Change
-7
Holders Change %
-10.45%
% of All Funds
1.74%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
6
Increased
22
Reduced
20
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$5.47M
2
BCC
Bain Capital Credit
Massachusetts
+$4.79M
3
ACI
Alpha Cubed Investments
California
+$2.55M
4
Bank of America
Bank of America
North Carolina
+$497K
5
FNYS
First New York Securities
New York
+$472K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$4.87M
2
AAM
Advisors Asset Management
Colorado
-$2.8M
3
RCM
Rivernorth Capital Management
Florida
-$1.99M
4
GC
Guggenheim Capital
Illinois
-$690K
5
MIG
Mariner Investment Group
New York
-$662K
Name Holding Trade Value Shares
Change 		Change in
Stake
IAS
51
IMA Advisory Services
Colorado
$146K – – –
CI
52
Cambiar Investors
Colorado
$143K +$145K +10,200 New
PIA
53
Peachtree Investment Advisors
Georgia
$141K +$143K +10,000 New
Citigroup
54
Citigroup
New York
$130K -$2.41K -169 -2%
Creative Planning
55
Creative Planning
Kansas
$28K – – –
DADC
56
D.A. Davidson & Co
Montana
$21K – – –
AWM
57
Avior Wealth Management
Nebraska
$14K – – –
HCM
58
Highlander Capital Management
New Jersey
$7.53K – – –
M
59
MOTCO
Texas
$6K – – –
Northwestern Mutual Wealth Management
60
Northwestern Mutual Wealth Management
Wisconsin
$6K – – –
MA
61
MUFG Americas
New York
$2K – – –
SCM
62
Saba Capital Management
New York
– -$4.87M -332,716 Closed
AAM
63
Advisors Asset Management
Colorado
– -$2.8M -191,150 Closed
EML
64
Eos Management LP
New York
– -$556K -37,938 Closed
FFA
65
First Foundation Advisors
California
– -$421K -28,761 Closed
DA
66
Doliver Advisors
Texas
– -$418K -28,555 Closed
Jane Street
67
Jane Street
New York
– -$255K -17,374 Closed
NPC
68
National Planning Corporation
California
– -$221K -15,057 Closed
ICAS
69
Investors Capital Advisory Services
Massachusetts
– -$197K -13,505 Closed
AP
70
Advisors Preferred
Maryland
– -$181K -12,369 Closed
CTC
71
Central Trust Company
Missouri
– -$149K -10,170 Closed
BRWA
72
B. Riley Wealth Advisors
Florida
– -$16.5K -1,128 Closed
TRCT
73
Tower Research Capital (TRC)
New York
– -$10K -677 Closed
GSC
74
Ground Swell Capital
South Carolina
– -$1K -100 Closed
MAA
75
Managed Account Advisors
New Jersey
– +$143 +10 New
1 2
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FRA Hedge Fund Activity: Q3 2014 in Review

60 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q3 2014, worth a combined $110M — down 2.8% from $113M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of FRA and 6 opened new positions — a net loss of 7 holders — while 20 trimmed existing stakes and 22 added.

The largest buyer was Wells Fargo, adding an estimated $5.47M. The largest seller was Saba Capital Management, exiting entirely with an estimated $4.87M sold.

  • 60 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q3 2014, down from 67 in Q2 2014.
  • Funds reported $110M of BlackRock Floating Rate Income Strategies Fund stock for Q3 2014, down 2.8% quarter-over-quarter.
  • 6 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q3 2014 and 13 closed out, a net change of -7 holders.
  • The largest BlackRock Floating Rate Income Strategies Fund buyer in Q3 2014 was Wells Fargo, an estimated $5.47M added.
  • The largest BlackRock Floating Rate Income Strategies Fund seller in Q3 2014 was Saba Capital Management, an estimated $4.87M sold.

Based on aggregated 13F filings for Q3 2014.