BlackRock Floating Rate Income Strategies Fund
FRA
96 hedge funds and large institutions have $126M invested in BlackRock Floating Rate Income Strategies Fund in 2019 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 33 increasing their positions, 32 reducing their positions, and 16 closing their positions.
3% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 32
1% more capital invested
Capital invested by funds: $125M → $126M (+$1.23M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
6% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 16
1.43% less ownership
Funds ownership: 28.59% → 27.16% (-1.4%)
4% less funds holding
Funds holding: 100 → 96 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
+$12M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.52M |
| 3 |
SCM
Saba Capital Management
New York
|
+$741K |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$706K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$619K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCA
Restructuring Capital Associates
Stamford,
Connecticut
|
-$6.57M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$2.02M |
| 3 |
Morgan Stanley
New York
|
-$1.75M |
| 4 |
JIP
Jaffetilchin Investment Partners
Tampa,
Florida
|
-$1.21M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.15M |
FRA Hedge Fund Activity: Q1 2019 in Review
96 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q1 2019, worth a combined $126M — up 0.99% from $125M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of FRA and 15 opened new positions — a net loss of 1 holder — while 32 trimmed existing stakes and 33 added.
The largest buyer was Beach Point Capital Management, opening a new position worth an estimated $12M. The largest seller was Restructuring Capital Associates, exiting entirely with an estimated $6.57M sold.
- 96 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q1 2019, down from 100 in Q4 2018.
- Funds reported $126M of BlackRock Floating Rate Income Strategies Fund stock for Q1 2019, up 0.99% quarter-over-quarter.
- 15 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q1 2019 and 16 closed out, a net change of -1 holder.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q1 2019 was Beach Point Capital Management, an estimated $12M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q1 2019 was Restructuring Capital Associates, an estimated $6.57M sold.
Based on aggregated 13F filings for Q1 2019.