BlackRock Floating Rate Income Strategies Fund
FRA
88 hedge funds and large institutions have $127M invested in BlackRock Floating Rate Income Strategies Fund in 2018 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 32 increasing their positions, 24 reducing their positions, and 8 closing their positions.
50% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 8
33% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 24
5% more funds holding
Funds holding: 84 → 88 (+4)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.15% less ownership
Funds ownership: 25.5% → 24.35% (-1.1%)
9% less capital invested
Capital invested by funds: $139M → $127M (-$11.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$1.32M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
+$1.06M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1M |
| 4 |
CT
Coastline Trust
Providence,
Rhode Island
|
+$764K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$550K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
-$8.21M |
| 2 |
RCA
Restructuring Capital Associates
Stamford,
Connecticut
|
-$1.82M |
| 3 |
FFA
First Foundation Advisors
Irvine,
California
|
-$851K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$792K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$717K |
FRA Hedge Fund Activity: Q2 2018 in Review
88 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q2 2018, worth a combined $127M — down 8.6% from $139M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new FRA positions and 8 closed out — a net gain of 4 holders — while 32 added to existing stakes and 24 trimmed.
The largest buyer was Nine Masts Capital, opening a new position worth an estimated $1.32M. The largest seller was Relative Value Partners Group, cutting an estimated $8.21M.
- 88 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q2 2018, up from 84 in Q1 2018.
- Funds reported $127M of BlackRock Floating Rate Income Strategies Fund stock for Q2 2018, down 8.6% quarter-over-quarter.
- 12 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q2 2018 and 8 closed out, a net change of +4 holders.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q2 2018 was Nine Masts Capital, an estimated $1.32M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q2 2018 was Relative Value Partners Group, an estimated $8.21M sold.
Based on aggregated 13F filings for Q2 2018.