BlackRock Floating Rate Income Strategies Fund
FRA
100 hedge funds and large institutions have $125M invested in BlackRock Floating Rate Income Strategies Fund in 2018 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 26 increasing their positions, 31 reducing their positions, and 24 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
4.24% more ownership
Funds ownership: 24.35% → 28.59% (+4.2%)
1% more funds holding
Funds holding: 99 → 100 (+1)
8% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 24
11% less capital invested
Capital invested by funds: $140M → $125M (-$15M)
16% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$9.95M |
| 2 |
RVPG
Relative Value Partners Group
|
+$5.95M |
| 3 |
AUIM
Aegon USA Investment Management
Cedar Rapids,
Iowa
|
+$4.89M |
| 4 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$3.64M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$2.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$8.49M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.73M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.51M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.39M |
| 5 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$1.36M |
FRA Hedge Fund Activity: Q4 2018 in Review
100 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q4 2018, worth a combined $125M — down 11% from $140M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new FRA positions and 24 closed out — a net gain of 2 holders — while 26 added to existing stakes and 31 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $9.95M. The largest seller was Wells Fargo, cutting an estimated $8.49M.
- 100 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q4 2018, up from 99 in Q3 2018.
- Funds reported $125M of BlackRock Floating Rate Income Strategies Fund stock for Q4 2018, down 11% quarter-over-quarter.
- 26 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q4 2018 and 24 closed out, a net change of +2 holders.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q4 2018 was Rivernorth Capital Management, an estimated $9.95M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q4 2018 was Wells Fargo, an estimated $8.49M sold.
Based on aggregated 13F filings for Q4 2018.