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BlackRock Floating Rate Income Strategies Fund
FRA

56 hedge funds and large institutions have $108M invested in BlackRock Floating Rate Income Strategies Fund in 2013 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 13 increasing their positions, 19 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

160% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 5

17% more funds holding

Funds holding: 48 → 56 (+8)

0.01% more ownership

Funds ownership: 19.6% → 19.61% (+0.01%)

0% less capital invested

Capital invested by funds: $108M → $108M (-$450K)

32% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 19

Holders
56
Holders Change
+8
Holders Change %
+16.67%
% of All Funds
1.63%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
13
Reduced
19
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SCM
Saba Capital Management
New York
+$4.62M
2
RCM
Rivernorth Capital Management
Florida
+$1.99M
3
PPA
Parametric Portfolio Associates
Washington
+$1.67M
4
Wells Fargo
Wells Fargo
California
+$1.3M
5
WAM
Wolverine Asset Management
Illinois
+$505K

Top Sellers

1
GC
Guggenheim Capital
Illinois
-$5.88M
2
AAM
Advisors Asset Management
Colorado
-$4.9M
3
Morgan Stanley
Morgan Stanley
New York
-$1.61M
4
Invesco
Invesco
Georgia
-$923K
5
Citigroup
Citigroup
New York
-$606K
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
1
Guggenheim Capital
Illinois
$23.1M -$5.88M -403,617 -20%
Morgan Stanley
2
Morgan Stanley
New York
$19.2M -$1.61M -110,576 -8%
Invesco
3
Invesco
Georgia
$7.27M -$923K -63,336 -11%
AAM
4
Advisors Asset Management
Colorado
$7.01M -$4.9M -336,429 -41%
Bank of America
5
Bank of America
North Carolina
$5.8M -$189K -13,002 -3%
Wells Fargo
6
Wells Fargo
California
$4.73M +$1.3M +89,335 +38%
SCM
7
Saba Capital Management
New York
$4.63M +$4.62M +317,279 New
HK
8
Horizon Kinetics
New York
$4.1M +$35.8K +2,458 +0.9%
PPA
9
Parametric Portfolio Associates
Washington
$3.29M +$1.67M +114,394 +103%
Janney Montgomery Scott
10
Janney Montgomery Scott
Pennsylvania
$2.86M -$67.7K -4,649 -2%
CFA
11
Cahill Financial Advisors
Minnesota
$2.02M +$2.01M +138,246 New
RCM
12
Rivernorth Capital Management
Florida
$1.99M +$1.99M +136,396 New
CIA
13
Capital Investment Advisors
Georgia
$1.83M +$1.83M +125,386 New
RJFSA
14
Raymond James Financial Services Advisors
Florida
$1.5M -$53.4K -3,662 -3%
LPL Financial
15
LPL Financial
California
$1.48M -$234K -16,094 -14%
ARC
16
Absolute Return Capital
Massachusetts
$1.36M +$111K +7,609 +9%
Barclays
17
Barclays
United Kingdom
$1.33M +$40.2K +2,759 +3%
SFS
18
Shaker Financial Services
Virginia
$1.3M -$143K -9,821 -10%
U
19
UBS
Switzerland
$1.29M -$63.9K -4,386 -5%
PMG
20
ProVise Management Group
Florida
$1.25M +$12.5K +858 +1%
SRC
21
Shufro Rose & Co
New York
$1.15M +$58.3K +4,000 +5%
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$1.03M +$10.1K +693 +1%
JIR
23
James Investment Research
Ohio
$1.02M – – –
Ameriprise
24
Ameriprise
Minnesota
$913K +$122K +8,358 +15%
WAM
25
Wolverine Asset Management
Illinois
$716K +$505K +34,668 +241%
1
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FRA Hedge Fund Activity: Q4 2013 in Review

56 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q4 2013, worth a combined $108M — down 0.42% from $108M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new FRA positions and 5 closed out — a net gain of 8 holders — while 13 added to existing stakes and 19 trimmed.

The largest buyer was Saba Capital Management, opening a new position worth an estimated $4.62M. The largest seller was Guggenheim Capital, cutting an estimated $5.88M.

  • 56 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q4 2013, up from 48 in Q3 2013.
  • Funds reported $108M of BlackRock Floating Rate Income Strategies Fund stock for Q4 2013, down 0.42% quarter-over-quarter.
  • 13 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q4 2013 and 5 closed out, a net change of +8 holders.
  • The largest BlackRock Floating Rate Income Strategies Fund buyer in Q4 2013 was Saba Capital Management, an estimated $4.62M added.
  • The largest BlackRock Floating Rate Income Strategies Fund seller in Q4 2013 was Guggenheim Capital, an estimated $5.88M sold.

Based on aggregated 13F filings for Q4 2013.