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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.62M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.99M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.67M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.3M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$505K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$5.88M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$4.9M |
| 3 |
Morgan Stanley
New York
|
-$1.61M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$923K |
| 5 |
Citigroup
New York
|
-$606K |
FRA Hedge Fund Activity: Q4 2013 in Review
56 of the 3,459 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.