BlackRock Floating Rate Income Strategies Fund
FRA
80 hedge funds and large institutions have $162M invested in BlackRock Floating Rate Income Strategies Fund in 2016 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 19 increasing their positions, 37 reducing their positions, and 12 closing their positions.
5% more capital invested
Capital invested by funds: $155M → $162M (+$6.98M)
0.43% more ownership
Funds ownership: 32.09% → 32.52% (+0.43%)
0% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 12
1% less funds holding
Funds holding: 81 → 80 (-1)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
49% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
+$9.82M |
| 2 |
PMG
Private Management Group
Irvine,
California
|
+$2.16M |
| 3 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$1.64M |
| 4 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$1.55M |
| 5 |
FFA
First Foundation Advisors
Irvine,
California
|
+$1.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KKRC
Kohlberg Kravis Roberts & Co
New York
|
-$4.75M |
| 2 |
AUIM
Aegon USA Investment Management
Cedar Rapids,
Iowa
|
-$3.2M |
| 3 |
ACM
Advent Capital Management
New York
|
-$2.11M |
| 4 |
TAM
Trust Asset Management
Houston,
Texas
|
-$2.05M |
| 5 |
SPCM
Sound Point Capital Management
New York
|
-$1.63M |
FRA Hedge Fund Activity: Q1 2016 in Review
80 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q1 2016, worth a combined $162M — up 4.5% from $155M a quarter earlier.
Fund positioning in FRA was balanced in Q1 2016: 12 funds opened new positions, 12 closed out, 19 added to existing stakes and 37 trimmed.
The largest buyer was Relative Value Partners Group, adding an estimated $9.82M. The largest seller was Kohlberg Kravis Roberts & Co, exiting entirely with an estimated $4.75M sold.
- 80 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q1 2016, down from 81 in Q4 2015.
- Funds reported $162M of BlackRock Floating Rate Income Strategies Fund stock for Q1 2016, up 4.5% quarter-over-quarter.
- 12 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q1 2016 and 12 closed out, a net change of 0 holders.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q1 2016 was Relative Value Partners Group, an estimated $9.82M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q1 2016 was Kohlberg Kravis Roberts & Co, an estimated $4.75M sold.
Based on aggregated 13F filings for Q1 2016.