BlackRock Floating Rate Income Strategies Fund
FRA
84 hedge funds and large institutions have $139M invested in BlackRock Floating Rate Income Strategies Fund in 2018 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 30 increasing their positions, 24 reducing their positions, and 15 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 24
2.52% less ownership
Funds ownership: 28.02% → 25.5% (-2.5%)
5% less funds holding
Funds holding: 88 → 84 (-4)
27% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 15
49% less capital inflows, than outflows
Capital inflows: $13.8M | Capital outflows: $27M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$2.62M |
| 2 |
Jaffetilchin Investment Partners
Tampa,
Florida
|
+$1.46M |
| 3 |
Morgan Stanley
New York
|
+$1.46M |
| 4 |
RCA
Restructuring Capital Associates
Stamford,
Connecticut
|
+$1.22M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$969K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Relative Value Partners Group
|
-$13.2M |
| 2 |
Geneos Wealth Management
Englewood,
Colorado
|
-$2.91M |
| 3 |
Private Management Group
Irvine,
California
|
-$2.38M |
| 4 |
Sterneck Capital Management
Kansas City,
Missouri
|
-$1.79M |
| 5 |
Shufro Rose & Co
New York
|
-$1.07M |
FRA Hedge Fund Activity: Q1 2018 in Review
84 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q1 2018, worth a combined $139M — down 3.4% from $144M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of FRA and 11 opened new positions — a net loss of 4 holders — while 24 trimmed existing stakes and 30 added.
The largest buyer was Wells Fargo, adding an estimated $2.62M. The largest seller was Relative Value Partners Group, cutting an estimated $13.2M.
- 84 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q1 2018, down from 88 in Q4 2017.
- Funds reported $139M of BlackRock Floating Rate Income Strategies Fund stock for Q1 2018, down 3.4% quarter-over-quarter.
- 11 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q1 2018 and 15 closed out, a net change of -4 holders.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q1 2018 was Wells Fargo, an estimated $2.62M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q1 2018 was Relative Value Partners Group, an estimated $13.2M sold.
Based on aggregated 13F filings for Q1 2018.