BlackRock Floating Rate Income Strategies Fund
FRA
65 hedge funds and large institutions have $122M invested in BlackRock Floating Rate Income Strategies Fund in 2015 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 23 increasing their positions, 20 reducing their positions, and 12 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
15% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 20
0.15% more ownership
Funds ownership: 23.9% → 24.04% (+0.15%)
2% less capital invested
Capital invested by funds: $124M → $122M (-$2.14M)
8% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 12
3% less funds holding
Funds holding: 67 → 65 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$3.61M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.98M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.63M |
| 4 |
FFA
First Foundation Advisors
Irvine,
California
|
+$637K |
| 5 |
Morgan Stanley
New York
|
+$636K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$3.03M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.74M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.33M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$965K |
| 5 |
HNB
Huntington National Bank
Columbus,
Ohio
|
-$890K |
FRA Hedge Fund Activity: Q2 2015 in Review
65 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q2 2015, worth a combined $122M — down 1.7% from $124M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of FRA and 11 opened new positions — a net loss of 1 holder — while 20 trimmed existing stakes and 23 added.
The largest buyer was Eaton Vance Management, opening a new position worth an estimated $3.61M. The largest seller was Deutsche Bank, cutting an estimated $3.03M.
- 65 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q2 2015, down from 67 in Q1 2015.
- Funds reported $122M of BlackRock Floating Rate Income Strategies Fund stock for Q2 2015, down 1.7% quarter-over-quarter.
- 11 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q2 2015 and 12 closed out, a net change of -1 holder.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q2 2015 was Eaton Vance Management, an estimated $3.61M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q2 2015 was Deutsche Bank, an estimated $3.03M sold.
Based on aggregated 13F filings for Q2 2015.