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BlackRock Floating Rate Income Strategies Fund
FRA

90 hedge funds and large institutions have $147M invested in BlackRock Floating Rate Income Strategies Fund in 2021 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 28 increasing their positions, 36 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% less funds holding

Funds holding: 93 → 90 (-3)

7.38% less ownership

Funds ownership: 38.85% → 31.48% (-7.4%)

13% less capital invested

Capital invested by funds: $168M → $147M (-$21.9M)

17% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 18

22% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 36

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
90
Holders Change
-3
Holders Change %
-3.23%
% of All Funds
1.58%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
15
Increased
28
Reduced
36
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KKRC
Kohlberg Kravis Roberts & Co
New York
+$8.15M
2
PPA
Parametric Portfolio Associates
Washington
+$6.12M
3
Ameriprise
Ameriprise
Minnesota
+$1.31M
4
CPC
Congress Park Capital
New York
+$1.02M
5
PHS
Pekin Hardy Strauss
Illinois
+$866K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$25M
2
PCM
Penserra Capital Management
California
-$8.01M
3
RCM
Rivernorth Capital Management
Florida
-$5.66M
4
Bank of America
Bank of America
North Carolina
-$3.42M
5
EVM
Eaton Vance Management
Massachusetts
-$3.33M
Name Holding Trade Value Shares
Change 		Change in
Stake
Northwestern Mutual Wealth Management
76
Northwestern Mutual Wealth Management
Wisconsin
$132K -$15.6K -1,225 -11%
WCMNY
77
Westchester Capital Management (New York)
New York
$125K – – –
FIA
78
FNY Investment Advisers
New York
$101K -$30.6K -2,400 -23%
SPIA
79
Steward Partners Investment Advisory
New York
$83.6K +$82.1K +6,431 New
Citigroup
80
Citigroup
New York
$78K -$236K -18,468 -75%
AIC
81
Ameritas Investment Company
Nebraska
$32.5K +$31.9K +2,500 New
HI
82
Harbour Investments
Wisconsin
$30K +$29.2K +2,286 New
SFS
83
Sowell Financial Services
Arkansas
$26K +$204 +16 +0.8%
GWSG
84
GPS Wealth Strategies Group
Colorado
$26K +$25.5K +2,000 New
GWM
85
Geneos Wealth Management
Colorado
$25K – – –
CB
86
Community Bank
New York
$23K +$23K +1,800 New
EIP
87
Ellis Investment Partners
Pennsylvania
$12K +$179 +14 +2%
SWM
88
Spire Wealth Management
Virginia
$9K +$8.94K +700 New
PAM
89
Panagora Asset Management
Massachusetts
$4K +$447 +35 +15%
PCM
90
Penserra Capital Management
California
– -$8.01M -661,538 Closed
CRC
91
Curi RMB Capital
Illinois
– -$1.3M -107,345 Closed
KAS
92
Kestra Advisory Services
Texas
– -$1.03M -86,223 Closed
AA
93
AQR Arbitrage
Connecticut
– -$695K -57,368 Closed
LCM
94
Landscape Capital Management
New Jersey
– -$553K -45,672 Closed
WAM
95
Wolverine Asset Management
Illinois
– -$363K -30,056 Closed
MC
96
Matisse Capital
Oregon
– -$310K -25,665 Closed
IAN
97
Integrated Advisors Network
Texas
– -$300K -24,790 Closed
Walleye Capital
98
Walleye Capital
New York
– -$188 -15,564 Closed
EW
99
Element Wealth
Mississippi
– -$175K -14,424 Closed
OIM
100
Oder Investment Management
California
– -$29K -2,407 Closed
1 2 3
4
5

FRA Hedge Fund Activity: Q1 2021 in Review

90 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q1 2021, worth a combined $147M — down 13% from $168M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of FRA and 15 opened new positions — a net loss of 3 holders — while 36 trimmed existing stakes and 28 added.

The largest buyer was Kohlberg Kravis Roberts & Co, opening a new position worth an estimated $8.15M. The largest seller was Saba Capital Management, cutting an estimated $25M.

  • 90 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q1 2021, down from 93 in Q4 2020.
  • Funds reported $147M of BlackRock Floating Rate Income Strategies Fund stock for Q1 2021, down 13% quarter-over-quarter.
  • 15 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q1 2021 and 18 closed out, a net change of -3 holders.
  • The largest BlackRock Floating Rate Income Strategies Fund buyer in Q1 2021 was Kohlberg Kravis Roberts & Co, an estimated $8.15M added.
  • The largest BlackRock Floating Rate Income Strategies Fund seller in Q1 2021 was Saba Capital Management, an estimated $25M sold.

Based on aggregated 13F filings for Q1 2021.