BlackRock Floating Rate Income Strategies Fund
FRA
68 hedge funds and large institutions have $143M invested in BlackRock Floating Rate Income Strategies Fund in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 26 reducing their positions, and 12 closing their positions.
5.57% less ownership
Funds ownership: 31.89% → 26.32% (-5.6%)
9% less funds holding
Funds holding: 75 → 68 (-7)
16% less capital invested
Capital invested by funds: $171M → $143M (-$28.2M)
19% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 26
42% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 12
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$1.9M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.57M |
| 3 |
PWPCM
Perella Weinberg Partners Capital Management
New York
|
+$1.52M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$723K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$490K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
-$16.8M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$4.78M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$3.76M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.61M |
| 5 |
Morgan Stanley
New York
|
-$1.16M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LIM
76
Longfellow Investment Management
Boston,
Massachusetts
| – | -$281K | -19,503 | Closed |
|
|
MIG
77
Mariner Investment Group
Harrison,
New York
| – | -$240K | -16,674 | Closed |
|
78
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$56K | -4,000 | Closed |
|
|
SFS
79
Sowell Financial Services
North Little Rock,
Arkansas
| – | -$47K | -3,151 | Closed |
|
|
GBBWRPM
80
Genovese Burford & Brothers Wealth & Retirement Plan Management
Sacramento,
California
| – | -$15K | -1,000 | Closed |
|
FRA Hedge Fund Activity: Q1 2017 in Review
68 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q1 2017, worth a combined $143M — down 16% from $171M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of FRA and 7 opened new positions — a net loss of 5 holders — while 26 trimmed existing stakes and 21 added.
The largest buyer was Loomis, Sayles & Company, adding an estimated $1.9M. The largest seller was Relative Value Partners Group, cutting an estimated $16.8M.
- 68 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q1 2017, down from 75 in Q4 2016.
- Funds reported $143M of BlackRock Floating Rate Income Strategies Fund stock for Q1 2017, down 16% quarter-over-quarter.
- 7 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q1 2017 and 12 closed out, a net change of -5 holders.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q1 2017 was Loomis, Sayles & Company, an estimated $1.9M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q1 2017 was Relative Value Partners Group, an estimated $16.8M sold.
Based on aggregated 13F filings for Q1 2017.