BlackRock Floating Rate Income Strategies Fund
FRA
74 hedge funds and large institutions have $173M invested in BlackRock Floating Rate Income Strategies Fund in 2016 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 33 increasing their positions, 18 reducing their positions, and 10 closing their positions.
83% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 18
13% more capital invested
Capital invested by funds: $154M → $173M (+$19.7M)
2.11% more ownership
Funds ownership: 31.21% → 33.32% (+2.1%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
3% less funds holding
Funds holding: 76 → 74 (-2)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
+$3.52M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$1.98M |
| 3 |
Morgan Stanley
New York
|
+$1.75M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.49M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.39M |
| 2 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
-$933K |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$499K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$446K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$311K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CRC
76
Curi RMB Capital
Chicago,
Illinois
| – | -$311K | -23,675 | Closed |
|
|
LCM
77
Landscape Capital Management
Englewood,
New Jersey
| – | -$302K | -22,968 | Closed |
|
|
CCG
78
Crescent Capital Group
Los Angeles,
California
| – | -$293K | -22,500 | Closed |
|
|
DA
79
Doliver Advisors
Houston,
Texas
| – | -$274K | -20,697 | Closed |
|
|
OFG
80
OTA Financial Group
Purchase,
New York
| – | -$230K | -17,558 | Closed |
|
|
AIM
81
Allen Investment Management
New York
| – | -$155K | -11,780 | Closed |
|
|
SKK
82
Shepherd Kaplan Krochuk
Boston,
Massachusetts
| – | -$146K | -11,130 | Closed |
|
|
TC
83
TFS Capital
West Chester,
Pennsylvania
| – | -$144K | -10,976 | Closed |
|
|
TRCT
84
Tower Research Capital (TRC)
New York
| – | -$3K | -200 | Closed |
|
85
SEI Investments
Oaks,
Pennsylvania
| – | +$189 | +14 | New |
|
FRA Hedge Fund Activity: Q3 2016 in Review
74 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q3 2016, worth a combined $173M — up 13% from $154M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of FRA and 9 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 33 added.
The largest buyer was Relative Value Partners Group, adding an estimated $3.52M. The largest seller was Mariner Investment Group, cutting an estimated $1.39M.
- 74 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q3 2016, down from 76 in Q2 2016.
- Funds reported $173M of BlackRock Floating Rate Income Strategies Fund stock for Q3 2016, up 13% quarter-over-quarter.
- 9 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q3 2016 and 10 closed out, a net change of -1 holder.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q3 2016 was Relative Value Partners Group, an estimated $3.52M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q3 2016 was Mariner Investment Group, an estimated $1.39M sold.
Based on aggregated 13F filings for Q3 2016.