BlackRock Floating Rate Income Strategies Fund
FRA
75 hedge funds and large institutions have $171M invested in BlackRock Floating Rate Income Strategies Fund in 2016 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 35 increasing their positions, 15 reducing their positions, and 9 closing their positions.
133% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 15
33% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 9
1% more funds holding
Funds holding: 74 → 75 (+1)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
1% less capital invested
Capital invested by funds: $173M → $171M (-$2.24M)
1.43% less ownership
Funds ownership: 33.32% → 31.89% (-1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$1.95M |
| 2 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
+$1.95M |
| 3 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$1.4M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.27M |
| 5 |
SRC
Shufro Rose & Co
New York
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$6.52M |
| 2 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$3.82M |
| 3 |
AUIM
Aegon USA Investment Management
Cedar Rapids,
Iowa
|
-$3.51M |
| 4 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$2.56M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.11M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
Kovitz Investment Group Partners
Chicago,
Illinois
| – | -$3.82M | -275,890 | Closed |
|
|
AUIM
77
Aegon USA Investment Management
Cedar Rapids,
Iowa
| – | -$3.51M | -253,319 | Closed |
|
|
YMRC
78
Yorktown Management & Research Company
Forest,
Virginia
| – | -$2.56M | -185,000 | Closed |
|
|
SFS
79
Shaker Financial Services
Arlington,
Virginia
| – | -$1.5M | -107,949 | Closed |
|
80
Envestnet Asset Management
Chicago,
Illinois
| – | -$452K | -32,587 | Closed |
|
|
TI
81
Telemetry Investments
New York
| – | -$248K | -17,900 | Closed |
|
|
BCMIO
82
Beacon Capital Management Inc (Ohio)
Dayton,
Ohio
| – | -$28K | -2,000 | Closed |
|
|
HW
83
Hedeker Wealth
Lincolnshire,
Illinois
| – | -$2.34K | -32 | Closed |
|
FRA Hedge Fund Activity: Q4 2016 in Review
75 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q4 2016, worth a combined $171M — down 1.3% from $173M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new FRA positions and 9 closed out — a net gain of 3 holders — while 35 added to existing stakes and 15 trimmed.
The largest buyer was 1832 Asset Management, adding an estimated $1.95M. The largest seller was Financial & Investment Management Group, exiting entirely with an estimated $6.52M sold.
- 75 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q4 2016, up from 74 in Q3 2016.
- Funds reported $171M of BlackRock Floating Rate Income Strategies Fund stock for Q4 2016, down 1.3% quarter-over-quarter.
- 12 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q4 2016 and 9 closed out, a net change of +3 holders.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q4 2016 was 1832 Asset Management, an estimated $1.95M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q4 2016 was Financial & Investment Management Group, an estimated $6.52M sold.
Based on aggregated 13F filings for Q4 2016.