BlackRock Floating Rate Income Strategies Fund
FRA
75 hedge funds and large institutions have $117M invested in BlackRock Floating Rate Income Strategies Fund in 2014 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 25 increasing their positions, 19 reducing their positions, and 6 closing their positions.
267% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 6
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
32% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 19
25% more funds holding
Funds holding: 60 → 75 (+15)
6% more capital invested
Capital invested by funds: $110M → $117M (+$6.79M)
3.41% more ownership
Funds ownership: 20.67% → 24.09% (+3.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$6.23M |
| 2 |
ACI
Alpha Cubed Investments
Irvine,
California
|
+$2.47M |
| 3 |
RCA
Restructuring Capital Associates
Stamford,
Connecticut
|
+$1.84M |
| 4 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$1.69M |
| 5 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$1.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.4M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.19M |
| 3 |
CFA
Cahill Financial Advisors
Edina,
Minnesota
|
-$1.84M |
| 4 |
Morgan Stanley
New York
|
-$1.37M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$417K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFA
76
Cahill Financial Advisors
Edina,
Minnesota
| – | -$1.84M | -130,943 | Closed |
|
77
Barclays
London,
United Kingdom
| – | -$169K | -12,094 | Closed |
|
|
OC
78
Oppenheimer & Co
New York
| – | -$151K | -10,715 | Closed |
|
|
IAS
79
IMA Advisory Services
Denver,
Colorado
| – | -$146K | -10,384 | Closed |
|
|
M
80
MOTCO
San Antonio,
Texas
| – | -$6K | -397 | Closed |
|
|
BRWA
81
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | +$82 | +6 | New |
|
|
RMAM
82
Raab & Moskowitz Asset Management
Chatham,
New Jersey
| – | +$95 | +7 | New |
|
FRA Hedge Fund Activity: Q4 2014 in Review
75 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q4 2014, worth a combined $117M — up 6.2% from $110M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new FRA positions and 6 closed out — a net gain of 16 holders — while 25 added to existing stakes and 19 trimmed.
The largest buyer was Mariner Investment Group, adding an estimated $6.23M. The largest seller was Bank of America, cutting an estimated $2.4M.
- 75 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q4 2014, up from 60 in Q3 2014.
- Funds reported $117M of BlackRock Floating Rate Income Strategies Fund stock for Q4 2014, up 6.2% quarter-over-quarter.
- 22 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q4 2014 and 6 closed out, a net change of +16 holders.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q4 2014 was Mariner Investment Group, an estimated $6.23M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q4 2014 was Bank of America, an estimated $2.4M sold.
Based on aggregated 13F filings for Q4 2014.