BlackRock Floating Rate Income Strategies Fund
FRA
76 hedge funds and large institutions have $154M invested in BlackRock Floating Rate Income Strategies Fund in 2016 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 30 increasing their positions, 21 reducing their positions, and 15 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 21
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
1.31% less ownership
Funds ownership: 32.52% → 31.21% (-1.3%)
5% less funds holding
Funds holding: 80 → 76 (-4)
5% less capital invested
Capital invested by funds: $162M → $154M (-$8.12M)
27% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
+$11.6M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.46M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$945K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$915K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$490K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$3.48M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$2.23M |
| 3 |
RCA
Restructuring Capital Associates
Stamford,
Connecticut
|
-$2.15M |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$1.93M |
| 5 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$1.52M |
FRA Hedge Fund Activity: Q2 2016 in Review
76 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q2 2016, worth a combined $154M — down 5% from $162M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of FRA and 11 opened new positions — a net loss of 4 holders — while 21 trimmed existing stakes and 30 added.
The largest buyer was Relative Value Partners Group, adding an estimated $11.6M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $3.48M sold.
- 76 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q2 2016, down from 80 in Q1 2016.
- Funds reported $154M of BlackRock Floating Rate Income Strategies Fund stock for Q2 2016, down 5% quarter-over-quarter.
- 11 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q2 2016 and 15 closed out, a net change of -4 holders.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q2 2016 was Relative Value Partners Group, an estimated $11.6M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q2 2016 was Parametric Portfolio Associates, an estimated $3.48M sold.
Based on aggregated 13F filings for Q2 2016.