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BlackRock Floating Rate Income Strategies Fund
FRA

101 hedge funds and large institutions have $123M invested in BlackRock Floating Rate Income Strategies Fund in 2020 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 33 increasing their positions, 34 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.99% more ownership

Funds ownership: 32.51% → 33.5% (+0.99%)

3% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 34

7% less funds holding

Funds holding: 109 → 101 (-8)

22% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 27

23% less capital invested

Capital invested by funds: $160M → $123M (-$37M)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
101
Holders Change
-8
Holders Change %
-7.34%
% of All Funds
2.23%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
21
Increased
33
Reduced
34
Closed
27
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$4.29M
2
OCM
Oaktree Capital Management
California
+$3.21M
3
RCM
Rivernorth Capital Management
Florida
+$2.04M
4
Goldman Sachs
Goldman Sachs
New York
+$1.56M
5
BRWA
B. Riley Wealth Advisors
Florida
+$1.36M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$3.19M
2
Bank of America
Bank of America
North Carolina
-$2.16M
3
VCM
Vivaldi Capital Management
Illinois
-$1.51M
4
OMC
Old Mission Capital
Illinois
-$1.47M
5
MIG
Mariner Investment Group
New York
-$1.35M
Name Holding Trade Value Shares
Change 		Change in
Stake
OMC
101
Old Mission Capital
Illinois
– -$1.47M -109,300 Closed
QGA
102
Q Global Advisors
Texas
– -$1.19M -88,180 Closed
6M
103
6 Meridian
Kansas
– -$781K -58,088 Closed
AWM
104
Argent Wealth Management
Massachusetts
– -$696K -51,789 Closed
SKK
105
Shepherd Kaplan Krochuk
Massachusetts
– -$587K -43,650 Closed
FIA
106
FNY Investment Advisers
New York
– -$420K -31,298 Closed
MWM
107
Maltin Wealth Management
New Jersey
– -$286K -21,287 Closed
AGM
108
Alpine Global Management
New York
– -$277K -20,618 Closed
MC
109
Matisse Capital
Oregon
– -$231K -17,200 Closed
OC
110
Oppenheimer & Co
New York
– -$202K -15,000 Closed
DIM
111
Delta Investment Management
California
– -$197K -14,693 Closed
TSS
112
Two Sigma Securities
New York
– -$187K -13,933 Closed
ATPW
113
Ashton Thomas Private Wealth
Arizona
– -$160K -11,900 Closed
WIA
114
World Investment Advisors
California
– -$143K -10,546 Closed
PFPT
115
Pinnacle Financial Partners (Tennessee)
Tennessee
– -$42K -3,150 Closed
APA
116
American Portfolios Advisors
New York
– -$30.9K -2,300 Closed
FANJ
117
Financial Architects (New Jersey)
New Jersey
– -$24K -1,765 Closed
BFEC
118
Benjamin F. Edwards & Company
Missouri
– -$20K -1,455 Closed
TRCT
119
Tower Research Capital (TRC)
New York
– -$17K -1,300 Closed
SIC
120
Samalin Investment Counsel
New York
– -$17K -1,273 Closed
BB
121
Busey Bank
Illinois
– -$17K -1,238 Closed
Fifth Third Bancorp
122
Fifth Third Bancorp
Ohio
– -$11K -800 Closed
AF
123
Advisornet Financial
Minnesota
– -$7.42K -600 Closed
GSWM
124
Golden State Wealth Management
California
– +$87 +7 New
WLPWM
125
Walled Lake Planning & Wealth Management
Illinois
– +$383 +31 New
1 2 3 4
5

FRA Hedge Fund Activity: Q1 2020 in Review

101 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q1 2020, worth a combined $123M — down 23% from $160M a quarter earlier.

Sellers outnumbered buyers: 27 funds closed out of FRA and 21 opened new positions — a net loss of 6 holders — while 34 trimmed existing stakes and 33 added.

The largest buyer was Saba Capital Management, adding an estimated $4.29M. The largest seller was Millennium Management, exiting entirely with an estimated $3.19M sold.

  • 101 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q1 2020, down from 109 in Q4 2019.
  • Funds reported $123M of BlackRock Floating Rate Income Strategies Fund stock for Q1 2020, down 23% quarter-over-quarter.
  • 21 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q1 2020 and 27 closed out, a net change of -6 holders.
  • The largest BlackRock Floating Rate Income Strategies Fund buyer in Q1 2020 was Saba Capital Management, an estimated $4.29M added.
  • The largest BlackRock Floating Rate Income Strategies Fund seller in Q1 2020 was Millennium Management, an estimated $3.19M sold.

Based on aggregated 13F filings for Q1 2020.