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BlackRock Floating Rate Income Strategies Fund
FRA

67 hedge funds and large institutions have $124M invested in BlackRock Floating Rate Income Strategies Fund in 2015 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 19 increasing their positions, 27 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more capital invested

Capital invested by funds: $117M → $124M (+$7.1M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.19% less ownership

Funds ownership: 24.09% → 23.9% (-0.19%)

11% less funds holding

Funds holding: 75 → 67 (-8)

30% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 27

35% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 20

Holders
67
Holders Change
-8
Holders Change %
-10.67%
% of All Funds
1.79%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
13
Increased
19
Reduced
27
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Deutsche Bank
Deutsche Bank
Germany
+$1.75M
2
Wells Fargo
Wells Fargo
California
+$1.35M
3
AAM
Advisors Asset Management
Colorado
+$1.14M
4
FFA
First Foundation Advisors
California
+$1.13M
5
FIMG
Financial & Investment Management Group
Michigan
+$930K

Top Sellers

1
AUIM
Aegon USA Investment Management
Iowa
-$2.36M
2
FNYS
First New York Securities
New York
-$1.56M
3
SG Americas Securities
SG Americas Securities
New York
-$1.22M
4
AQR Capital Management
AQR Capital Management
Connecticut
-$918K
5
LCM
Laurion Capital Management
New York
-$793K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$16.6M +$456K +33,515 +3%
GC
2
Guggenheim Capital
Illinois
$12.8M +$270K +19,876 +2%
Wells Fargo
3
Wells Fargo
California
$12.3M +$1.35M +99,101 +13%
MIG
4
Mariner Investment Group
New York
$7.38M -$38K -2,796 -0.5%
AUIM
5
Aegon USA Investment Management
Iowa
$6.48M -$2.36M -173,280 -27%
ACI
6
Alpha Cubed Investments
California
$5.94M +$909K +66,817 +19%
Bank of America
7
Bank of America
North Carolina
$5.04M +$74.8K +5,496 +2%
Invesco
8
Invesco
Georgia
$4.73M -$257K -18,863 -5%
TAM
9
Trust Asset Management
Texas
$4.6M +$852K +62,638 +23%
PPA
10
Parametric Portfolio Associates
Washington
$3.38M -$318K -23,351 -9%
HK
11
Horizon Kinetics
New York
$3.33M -$290K -21,345 -8%
Deutsche Bank
12
Deutsche Bank
Germany
$3.2M +$1.75M +128,833 +127%
Janney Montgomery Scott
13
Janney Montgomery Scott
Pennsylvania
$2.38M -$166K -12,230 -7%
NCM
14
Newgate Capital Management
Connecticut
$2.33M +$639K +46,993 +39%
RCA
15
Restructuring Capital Associates
Connecticut
$2.19M +$301K +22,155 +16%
RVP
16
Relative Value Partners
Illinois
$2.17M +$427K +31,395 +25%
CIA
17
Capital Investment Advisors
Georgia
$1.59M -$1.42K -104 -0.1%
FFA
18
First Foundation Advisors
California
$1.57M +$1.13M +82,984 +274%
AA
19
AQR Arbitrage
Connecticut
$1.4M +$1.37M +100,481 New
PMG
20
ProVise Management Group
Florida
$1.33M -$43.4K -3,190 -3%
RJFSA
21
Raymond James Financial Services Advisors
Florida
$1.33M -$30K -2,208 -2%
KA
22
Klingman & Associates
New York
$1.31M -$20.4K -1,500 -2%
RCM
23
Rivernorth Capital Management
Florida
$1.3M +$211K +15,500 +20%
LPL Financial
24
LPL Financial
California
$1.2M -$161K -11,859 -12%
SRC
25
Shufro Rose & Co
New York
$1.17M -$4.08K -300 -0.4%
1
2 3 4

FRA Hedge Fund Activity: Q1 2015 in Review

67 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q1 2015, worth a combined $124M — up 6.1% from $117M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of FRA and 13 opened new positions — a net loss of 7 holders — while 27 trimmed existing stakes and 19 added.

The largest buyer was Deutsche Bank, adding an estimated $1.75M. The largest seller was Aegon USA Investment Management, cutting an estimated $2.36M.

  • 67 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q1 2015, down from 75 in Q4 2014.
  • Funds reported $124M of BlackRock Floating Rate Income Strategies Fund stock for Q1 2015, up 6.1% quarter-over-quarter.
  • 13 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q1 2015 and 20 closed out, a net change of -7 holders.
  • The largest BlackRock Floating Rate Income Strategies Fund buyer in Q1 2015 was Deutsche Bank, an estimated $1.75M added.
  • The largest BlackRock Floating Rate Income Strategies Fund seller in Q1 2015 was Aegon USA Investment Management, an estimated $2.36M sold.

Based on aggregated 13F filings for Q1 2015.