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BlackRock Floating Rate Income Strategies Fund
FRA

86 hedge funds and large institutions have $121M invested in BlackRock Floating Rate Income Strategies Fund in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 31 increasing their positions, 30 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 30

1% more capital invested

Capital invested by funds: $120M → $121M (+$1.75M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.49% less ownership

Funds ownership: 30.16% → 29.67% (-0.49%)

10% less funds holding

Funds holding: 96 → 86 (-10)

60% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 15

Holders
86
Holders Change
-10
Holders Change %
-10.42%
% of All Funds
1.37%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
6
Increased
31
Reduced
30
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
COLIM
City of London Investment Management
United Kingdom
+$2.8M
2
Bank of America
Bank of America
North Carolina
+$2.37M
3
Osaic Holdings
Osaic Holdings
Arizona
+$1.97M
4
JRCM
Jones Road Capital Management
New York
+$1.21M
5
WWMSC
Wagner Wealth Management (South Carolina)
South Carolina
+$1.1M

Top Sellers

Rank Fund Capital Flow
1
OCM
Oaktree Capital Management
California
-$5.85M
2
Morgan Stanley
Morgan Stanley
New York
-$3.77M
3
RVPG
Relative Value Partners Group
-$723K
4
AA
Apriem Advisors
California
-$649K
5
Jane Street
Jane Street
New York
-$647K
Name Holding Trade Value Shares
Change 		Change in
Stake
VEA
51
Virtus ETF Advisers
New York
$299K +$6.75K +576 +2%
LCM
52
Landscape Capital Management
New Jersey
$288K -$80.2K -6,847 -22%
RCM
53
Robinson Capital Management
Michigan
$266K +$264K +22,500 New
Cohen & Steers
54
Cohen & Steers
New York
$257K +$258K +22,000 New
Thrivent Financial for Lutherans
55
Thrivent Financial for Lutherans
Minnesota
$249K +$47.5K +4,050 +24%
FFWM
56
Future Financial Wealth Management
Ohio
$238K +$56.3K +4,804 +31%
VCP
57
Verus Capital Partners
Arizona
$234K +$23.4K +2,000 +11%
RJA
58
Raymond James & Associates
Florida
$231K -$46.6K -3,980 -17%
PFA
59
Petra Financial Advisors
Colorado
$229K – – –
KA
60
Klingman & Associates
New York
$229K +$5.24K +447 +2%
GCP
61
Gill Capital Partners
Colorado
$221K – – –
FFA
62
First Foundation Advisors
California
$214K -$68.6K -5,853 -24%
WCMNY
63
Westchester Capital Management (New York)
New York
$189K – – –
OCM
64
Objective Capital Management
Ohio
$183K -$39.8K -3,395 -18%
CAN
65
Cetera Advisor Networks
California
$179K -$11.1K -943 -6%
RWM
66
RBA Wealth Management
California
$161K -$1.41K -120 -0.9%
SAM
67
Selway Asset Management
$160K – – –
Janney Montgomery Scott
68
Janney Montgomery Scott
Pennsylvania
$160K – – –
LFAS
69
Level Four Advisory Services
Texas
$156K +$1.96K +167 +1%
SWRP
70
Summit Wealth & Retirement Planning
California
$136K -$26.2K -2,237 -16%
SPIA
71
Steward Partners Investment Advisory
New York
$135K +$3.08K +263 +2%
CT
72
Cambridge Trust
Massachusetts
$129K – – –
SWA
73
Sutton Wealth Advisors
Florida
$129K – – –
RJT
74
Raymond James Trust
Florida
$126K – – –
Envestnet Asset Management
75
Envestnet Asset Management
Illinois
$119K -$4.02K -343 -3%
1 2
3
4 5

FRA Hedge Fund Activity: Q1 2023 in Review

86 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q1 2023, worth a combined $121M — up 1.5% from $120M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of FRA and 6 opened new positions — a net loss of 9 holders — while 30 trimmed existing stakes and 31 added.

The largest buyer was City of London Investment Management, opening a new position worth an estimated $2.8M. The largest seller was Oaktree Capital Management, exiting entirely with an estimated $5.85M sold.

  • 86 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q1 2023, down from 96 in Q4 2022.
  • Funds reported $121M of BlackRock Floating Rate Income Strategies Fund stock for Q1 2023, up 1.5% quarter-over-quarter.
  • 6 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q1 2023 and 15 closed out, a net change of -9 holders.
  • The largest BlackRock Floating Rate Income Strategies Fund buyer in Q1 2023 was City of London Investment Management, an estimated $2.8M added.
  • The largest BlackRock Floating Rate Income Strategies Fund seller in Q1 2023 was Oaktree Capital Management, an estimated $5.85M sold.

Based on aggregated 13F filings for Q1 2023.