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BlackRock Floating Rate Income Strategies Fund
FRA

63 hedge funds and large institutions have $112M invested in BlackRock Floating Rate Income Strategies Fund in 2014 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 22 increasing their positions, 18 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

140% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 5

22% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 18

13% more funds holding

Funds holding: 56 → 63 (+7)

4% more capital invested

Capital invested by funds: $108M → $112M (+$4.3M)

0.86% more ownership

Funds ownership: 19.61% → 20.48% (+0.86%)

Holders
63
Holders Change
+7
Holders Change %
+12.5%
% of All Funds
1.82%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
22
Reduced
18
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AUIM
Aegon USA Investment Management
Iowa
+$4.86M
2
MIG
Mariner Investment Group
New York
+$1.79M
3
Bank of America
Bank of America
North Carolina
+$886K
4
Wells Fargo
Wells Fargo
California
+$634K
5
RCM
Rivernorth Capital Management
Florida
+$552K

Top Sellers

1
AAM
Advisors Asset Management
Colorado
-$3.94M
2
GC
Guggenheim Capital
Illinois
-$1.72M
3
Invesco
Invesco
Georgia
-$1.42M
4
Barclays
Barclays
United Kingdom
-$1.24M
5
SG Americas Securities
SG Americas Securities
New York
-$434K
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
1
Guggenheim Capital
Illinois
$21.3M -$1.72M -117,330 -7%
Morgan Stanley
2
Morgan Stanley
New York
$19.2M +$90.8K +6,211 +0.5%
Bank of America
3
Bank of America
North Carolina
$6.66M +$886K +60,569 +15%
Invesco
4
Invesco
Georgia
$5.83M -$1.42M -97,081 -20%
Wells Fargo
5
Wells Fargo
California
$5.35M +$634K +43,383 +13%
AUIM
6
Aegon USA Investment Management
Iowa
$4.84M +$4.86M +332,225 New
SCM
7
Saba Capital Management
New York
$4.24M -$382K -26,102 -8%
HK
8
Horizon Kinetics
New York
$4.05M -$45.6K -3,120 -1%
PPA
9
Parametric Portfolio Associates
Washington
$3.75M +$467K +31,908 +14%
AAM
10
Advisors Asset Management
Colorado
$3.06M -$3.94M -269,786 -56%
Janney Montgomery Scott
11
Janney Montgomery Scott
Pennsylvania
$2.82M -$32.8K -2,241 -1%
RCM
12
Rivernorth Capital Management
Florida
$2.54M +$552K +37,736 +28%
TAM
13
Trust Asset Management
Texas
$2.41M +$2.42M +165,581 New
CFA
14
Cahill Financial Advisors
Minnesota
$2.01M -$5.56K -380 -0.3%
MIG
15
Mariner Investment Group
New York
$1.78M +$1.79M +122,351 New
CIA
16
Capital Investment Advisors
Georgia
$1.77M -$53K -3,623 -3%
SFS
17
Shaker Financial Services
Virginia
$1.52M +$226K +15,481 +17%
RJFSA
18
Raymond James Financial Services Advisors
Florida
$1.49M +$1.4K +96 +0.1%
LPL Financial
19
LPL Financial
California
$1.45M -$19.3K -1,323 -1%
U
20
UBS
Switzerland
$1.3M +$13.1K +896 +1%
ARC
21
Absolute Return Capital
Massachusetts
$1.3M -$61.6K -4,212 -5%
PMG
22
ProVise Management Group
Florida
$1.24M -$8.71K -596 -0.7%
SRC
23
Shufro Rose & Co
New York
$1.2M +$54.1K +3,700 +5%
Ameriprise
24
Ameriprise
Minnesota
$1.05M +$286K +19,593 +31%
JIR
25
James Investment Research
Ohio
$1.02M – – –
1
2 3

FRA Hedge Fund Activity: Q1 2014 in Review

63 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q1 2014, worth a combined $112M — up 4% from $108M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new FRA positions and 5 closed out — a net gain of 7 holders — while 22 added to existing stakes and 18 trimmed.

The largest buyer was Aegon USA Investment Management, opening a new position worth an estimated $4.86M. The largest seller was Advisors Asset Management, cutting an estimated $3.94M.

  • 63 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q1 2014, up from 56 in Q4 2013.
  • Funds reported $112M of BlackRock Floating Rate Income Strategies Fund stock for Q1 2014, up 4% quarter-over-quarter.
  • 12 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q1 2014 and 5 closed out, a net change of +7 holders.
  • The largest BlackRock Floating Rate Income Strategies Fund buyer in Q1 2014 was Aegon USA Investment Management, an estimated $4.86M added.
  • The largest BlackRock Floating Rate Income Strategies Fund seller in Q1 2014 was Advisors Asset Management, an estimated $3.94M sold.

Based on aggregated 13F filings for Q1 2014.