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BlackRock Floating Rate Income Strategies Fund
FRA

90 hedge funds and large institutions have $147M invested in BlackRock Floating Rate Income Strategies Fund in 2021 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 28 increasing their positions, 36 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% less funds holding

Funds holding: 93 → 90 (-3)

7.38% less ownership

Funds ownership: 38.85% → 31.48% (-7.4%)

13% less capital invested

Capital invested by funds: $168M → $147M (-$21.9M)

17% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 18

22% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 36

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
90
Holders Change
-3
Holders Change %
-3.23%
% of All Funds
1.58%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
15
Increased
28
Reduced
36
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KKRC
Kohlberg Kravis Roberts & Co
New York
+$8.15M
2
PPA
Parametric Portfolio Associates
Washington
+$6.12M
3
Ameriprise
Ameriprise
Minnesota
+$1.31M
4
CPC
Congress Park Capital
New York
+$1.02M
5
PHS
Pekin Hardy Strauss
Illinois
+$866K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$25M
2
PCM
Penserra Capital Management
California
-$8.01M
3
RCM
Rivernorth Capital Management
Florida
-$5.66M
4
Bank of America
Bank of America
North Carolina
-$3.42M
5
EVM
Eaton Vance Management
Massachusetts
-$3.33M
Name Holding Trade Value Shares
Change 		Change in
Stake
IWM
51
IHT Wealth Management
Illinois
$390K +$5.96K +467 +2%
IAIM
52
International Assets Investment Management
Florida
$365K +$186K +14,535 +100%
WCM
53
Whitener Capital Management
North Carolina
$342K +$35.8K +2,800 +12%
Janney Montgomery Scott
54
Janney Montgomery Scott
Pennsylvania
$307K -$16.1K -1,258 -5%
HWAM
55
Hennion & Walsh Asset Management
New Jersey
$302K +$297K +23,229 New
PIA
56
Powell Investment Advisors
Florida
$293K +$3.03K +237 +1%
SDWIA
57
Schwarz Dygos Wheeler Investment Advisors
Minnesota
$274K +$11.1K +866 +4%
CAN
58
Cetera Advisor Networks
California
$274K +$77K +6,033 +40%
GCP
59
Gill Capital Partners
Colorado
$265K -$17.7K -1,387 -6%
FM
60
Family Management
New York
$247K – – –
RJA
61
Raymond James & Associates
Florida
$230K -$9.62K -753 -4%
SW
62
SVB Wealth
Massachusetts
$228K – – –
RWM
63
RBA Wealth Management
California
$223K -$830 -65 -0.4%
SAM
64
Selway Asset Management
$220K – – –
QC
65
Quantedge Capital
Singapore
$211K -$688K -53,900 -77%
Millennium Management
66
Millennium Management
New York
$196K +$193K +15,098 New
Commonwealth Equity Services
67
Commonwealth Equity Services
Massachusetts
$190K -$5.62K -440 -3%
Neuberger Berman Group
68
Neuberger Berman Group
New York
$190K – – –
AIM
69
Anchor Investment Management
South Carolina
$187K -$22K -1,723 -11%
HighTower Advisors
70
HighTower Advisors
Illinois
$183K -$166K -12,971 -48%
OC
71
Oppenheimer & Co
New York
$164K -$10.2K -800 -6%
AOWM
72
Alpha Omega Wealth Management
Virginia
$153K – – –
CT
73
Coastline Trust
Rhode Island
$151K -$11.6K -910 -7%
ICMP
74
Integrated Capital Management (Pennsylvania)
Pennsylvania
$140K +$137K +10,749 New
KA
75
Klingman & Associates
New York
$139K +$136K +10,660 New
1 2
3
4 5

FRA Hedge Fund Activity: Q1 2021 in Review

90 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q1 2021, worth a combined $147M — down 13% from $168M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of FRA and 15 opened new positions — a net loss of 3 holders — while 36 trimmed existing stakes and 28 added.

The largest buyer was Kohlberg Kravis Roberts & Co, opening a new position worth an estimated $8.15M. The largest seller was Saba Capital Management, cutting an estimated $25M.

  • 90 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q1 2021, down from 93 in Q4 2020.
  • Funds reported $147M of BlackRock Floating Rate Income Strategies Fund stock for Q1 2021, down 13% quarter-over-quarter.
  • 15 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q1 2021 and 18 closed out, a net change of -3 holders.
  • The largest BlackRock Floating Rate Income Strategies Fund buyer in Q1 2021 was Kohlberg Kravis Roberts & Co, an estimated $8.15M added.
  • The largest BlackRock Floating Rate Income Strategies Fund seller in Q1 2021 was Saba Capital Management, an estimated $25M sold.

Based on aggregated 13F filings for Q1 2021.