BlackRock Floating Rate Income Strategies Fund
FRA
93 hedge funds and large institutions have $153M invested in BlackRock Floating Rate Income Strategies Fund in 2020 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 36 increasing their positions, 28 reducing their positions, and 15 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 28
24% more capital invested
Capital invested by funds: $123M → $153M (+$29.8M)
4.69% more ownership
Funds ownership: 33.5% → 38.19% (+4.7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less funds holding
Funds holding: 101 → 93 (-8)
53% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.28M |
| 2 |
SCM
Saba Capital Management
New York
|
+$4.84M |
| 3 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$2.92M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.08M |
| 5 |
RVPG
Relative Value Partners Group
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$1.33M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.14M |
| 3 |
Morgan Stanley
New York
|
-$779K |
| 4 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$765K |
| 5 |
AC
Almitas Capital
Santa Monica,
California
|
-$502K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AWM
101
Avior Wealth Management
Omaha,
Nebraska
| – | -$11K | -1,100 | Closed |
|
|
FWM
102
FSA Wealth Management
Needham,
Massachusetts
| – | -$7K | -700 | Closed |
|
|
ASN
103
Advisory Services Network
Atlanta,
Georgia
| – | -$7K | -659 | Closed |
|
|
SIM
104
Sonora Investment Management
Tucson,
Arizona
| – | -$1K | -140 | Closed |
|
105
Fidelity Investments
Boston,
Massachusetts
| – | +$11 | +1 | New |
|
|
WLPWM
106
Walled Lake Planning & Wealth Management
Winnetka,
Illinois
| – | +$11 | +1 | +3% |
|
FRA Hedge Fund Activity: Q2 2020 in Review
93 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q2 2020, worth a combined $153M — up 24% from $123M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of FRA and 7 opened new positions — a net loss of 8 holders — while 28 trimmed existing stakes and 36 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $7.28M. The largest seller was Goldman Sachs, cutting an estimated $1.33M.
- 93 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q2 2020, down from 101 in Q1 2020.
- Funds reported $153M of BlackRock Floating Rate Income Strategies Fund stock for Q2 2020, up 24% quarter-over-quarter.
- 7 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q2 2020 and 15 closed out, a net change of -8 holders.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q2 2020 was Rivernorth Capital Management, an estimated $7.28M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q2 2020 was Goldman Sachs, an estimated $1.33M sold.
Based on aggregated 13F filings for Q2 2020.