BlackRock Floating Rate Income Strategies Fund
FRA
66 hedge funds and large institutions have $129M invested in BlackRock Floating Rate Income Strategies Fund in 2015 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 28 increasing their positions, 14 reducing their positions, and 8 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 14
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
6% more capital invested
Capital invested by funds: $122M → $129M (+$7.81M)
2.47% more ownership
Funds ownership: 24.04% → 26.51% (+2.5%)
2% more funds holding
Funds holding: 65 → 66 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$3.38M |
| 2 |
KKRC
Kohlberg Kravis Roberts & Co
New York
|
+$2.43M |
| 3 |
RCA
Restructuring Capital Associates
Stamford,
Connecticut
|
+$2.33M |
| 4 |
AUIM
Aegon USA Investment Management
Cedar Rapids,
Iowa
|
+$1.9M |
| 5 |
ACM
Advent Capital Management
New York
|
+$1.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.52M |
| 2 |
KA
Klingman & Associates
New York
|
-$1.24M |
| 3 |
SJIC
St. James Investment Company
Southlake,
Texas
|
-$893K |
| 4 |
HK
Horizon Kinetics
New York
|
-$576K |
| 5 |
PIA
Peachtree Investment Advisors
Atlanta,
Georgia
|
-$426K |
FRA Hedge Fund Activity: Q3 2015 in Review
66 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q3 2015, worth a combined $129M — up 6.4% from $122M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FRA positions and 8 closed out — a net gain of 2 holders — while 28 added to existing stakes and 14 trimmed.
The largest buyer was Financial & Investment Management Group, adding an estimated $3.38M. The largest seller was Morgan Stanley, cutting an estimated $1.52M.
- 66 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q3 2015, up from 65 in Q2 2015.
- Funds reported $129M of BlackRock Floating Rate Income Strategies Fund stock for Q3 2015, up 6.4% quarter-over-quarter.
- 10 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q3 2015 and 8 closed out, a net change of +2 holders.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q3 2015 was Financial & Investment Management Group, an estimated $3.38M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q3 2015 was Morgan Stanley, an estimated $1.52M sold.
Based on aggregated 13F filings for Q3 2015.