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BlackRock Floating Rate Income Strategies Fund

80 hedge funds and large institutions have $162M invested in BlackRock Floating Rate Income Strategies Fund in 2016 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 19 increasing their positions, 37 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more capital invested

Capital invested by funds: $155M → $162M (+$6.98M)

0.43% more ownership

Funds ownership: 32.09%32.52% (+0.43%)

0% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 12

1% less funds holding

Funds holding: 8180 (-1)

25% less funds holding in top 10

Funds holding in top 10: 43 (-1)

49% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 37

Holders
80
Holders Change
-1
Holders Change %
-1.23%
% of All Funds
2.13%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.08%
New
12
Increased
19
Reduced
37
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RVPG
1
Relative Value Partners Group
$21M +$9.82M +783,646 +93%
Morgan Stanley
2
Morgan Stanley
New York
$12.3M -$1.58M -125,778 -12%
RCA
3
Restructuring Capital Associates
Connecticut
$9.47M
Wells Fargo
4
Wells Fargo
California
$9.44M -$555K -44,272 -6%
GC
5
Guggenheim Capital
Illinois
$8.05M -$397K -31,668 -5%
Invesco
6
Invesco
Georgia
$6.67M +$429K +34,262 +7%
FIMG
7
Financial & Investment Management Group
Michigan
$6.34M -$131K -10,465 -2%
AAM
8
Advisors Asset Management
Colorado
$6.28M +$1.23M +98,079 +26%
MIG
9
Mariner Investment Group
New York
$5.01M -$508K -40,545 -10%
RCM
10
Rivernorth Capital Management
Florida
$4.82M +$596K +47,567 +15%
BCC
11
Bain Capital Credit
Massachusetts
$4.43M +$45.1K +3,603 +1%
1832 Asset Management
12
1832 Asset Management
Ontario, Canada
$4.42M +$36K +2,871 +1%
FFA
13
First Foundation Advisors
California
$4.31M +$1.4M +111,410 +51%
Bank of America
14
Bank of America
North Carolina
$4.13M -$328K -26,175 -8%
YMRC
15
Yorktown Management & Research Company
Virginia
$3.92M +$1.64M +131,200 +78%
Kovitz Investment Group Partners
16
Kovitz Investment Group Partners
Illinois
$3.74M +$3.58M +285,960 New
PPA
17
Parametric Portfolio Associates
Washington
$3.48M -$247K -19,701 -7%
AUIM
18
Aegon USA Investment Management
Iowa
$3.45M -$3.2M -255,187 -49%
EVM
19
Eaton Vance Management
Massachusetts
$3.37M
WCMNY
20
Westchester Capital Management (New York)
New York
$2.83M +$1.55M +123,762 +133%
PMG
21
Private Management Group
California
$2.25M +$2.16M +172,263 New
HK
22
Horizon Kinetics
New York
$2.15M -$48.2K -3,844 -2%
NCM
23
Newgate Capital Management
Connecticut
$1.93M -$292K -23,333 -14%
Janney Montgomery Scott
24
Janney Montgomery Scott
Pennsylvania
$1.93M -$288K -22,951 -13%
CS
25
Credit Suisse
Switzerland
$1.44M +$1.19M +95,184 +621%

FRA Hedge Fund Activity: Q1 2016 in Review

80 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q1 2016, worth a combined $162M — up 4.5% from $155M a quarter earlier.

Fund positioning in FRA was balanced in Q1 2016: 12 funds opened new positions, 12 closed out, 19 added to existing stakes and 37 trimmed.

The largest buyer was Relative Value Partners Group, adding an estimated $9.82M. The largest seller was Kohlberg Kravis Roberts & Co, exiting entirely with an estimated $4.75M sold.

  • 80 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q1 2016, down from 81 in Q4 2015.
  • Funds reported $162M of BlackRock Floating Rate Income Strategies Fund stock for Q1 2016, up 4.5% quarter-over-quarter.
  • 12 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q1 2016 and 12 closed out, a net change of 0 holders.
  • The largest BlackRock Floating Rate Income Strategies Fund buyer in Q1 2016 was Relative Value Partners Group, an estimated $9.82M added.
  • The largest BlackRock Floating Rate Income Strategies Fund seller in Q1 2016 was Kohlberg Kravis Roberts & Co, an estimated $4.75M sold.

Based on aggregated 13F filings for Q1 2016.