BlackRock Floating Rate Income Strategies Fund
FRA
84 hedge funds and large institutions have $143M invested in BlackRock Floating Rate Income Strategies Fund in 2018 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 31 increasing their positions, 24 reducing their positions, and 15 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 24
1% less capital invested
Capital invested by funds: $144M → $143M (-$1.1M)
1.82% less ownership
Funds ownership: 28.02% → 26.2% (-1.8%)
5% less funds holding
Funds holding: 88 → 84 (-4)
27% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 15
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$3.73M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$2.62M |
| 3 |
JIP
Jaffetilchin Investment Partners
Tampa,
Florida
|
+$1.46M |
| 4 |
Morgan Stanley
New York
|
+$1.46M |
| 5 |
RCA
Restructuring Capital Associates
Stamford,
Connecticut
|
+$1.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
-$13.2M |
| 2 |
GWM
Geneos Wealth Management
Englewood,
Colorado
|
-$2.91M |
| 3 |
PMG
Private Management Group
Irvine,
California
|
-$2.38M |
| 4 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
-$1.79M |
| 5 |
SRC
Shufro Rose & Co
New York
|
-$1.07M |
FRA Hedge Fund Activity: Q1 2018 in Review
84 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q1 2018, worth a combined $143M — down 0.77% 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 31 added.
The largest buyer was Eaton Vance Management, adding an estimated $3.73M. 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 $143M of BlackRock Floating Rate Income Strategies Fund stock for Q1 2018, down 0.77% 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 Eaton Vance Management, an estimated $3.73M 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.