BlackRock Floating Rate Income Strategies Fund
FRA
60 hedge funds and large institutions have $110M invested in BlackRock Floating Rate Income Strategies Fund in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 20 reducing their positions, and 13 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 20
0.12% more ownership
Funds ownership: 20.55% → 20.67% (+0.12%)
3% less capital invested
Capital invested by funds: $113M → $110M (-$3.21M)
10% less funds holding
Funds holding: 67 → 60 (-7)
54% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$5.47M |
| 2 |
BCC
Bain Capital Credit
Boston,
Massachusetts
|
+$4.79M |
| 3 |
ACI
Alpha Cubed Investments
Irvine,
California
|
+$2.55M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$497K |
| 5 |
FNYS
First New York Securities
New York
|
+$472K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$4.87M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.8M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.99M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$690K |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$662K |
FRA Hedge Fund Activity: Q3 2014 in Review
60 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q3 2014, worth a combined $110M — down 2.8% from $113M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of FRA and 6 opened new positions — a net loss of 7 holders — while 20 trimmed existing stakes and 22 added.
The largest buyer was Wells Fargo, adding an estimated $5.47M. The largest seller was Saba Capital Management, exiting entirely with an estimated $4.87M sold.
- 60 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q3 2014, down from 67 in Q2 2014.
- Funds reported $110M of BlackRock Floating Rate Income Strategies Fund stock for Q3 2014, down 2.8% quarter-over-quarter.
- 6 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q3 2014 and 13 closed out, a net change of -7 holders.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q3 2014 was Wells Fargo, an estimated $5.47M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q3 2014 was Saba Capital Management, an estimated $4.87M sold.
Based on aggregated 13F filings for Q3 2014.