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BlackRock Floating Rate Income Strategies Fund
FRA

91 hedge funds and large institutions have $147M invested in BlackRock Floating Rate Income Strategies Fund in 2019 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 29 increasing their positions, 29 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

16% more capital invested

Capital invested by funds: $126M → $147M (+$20.8M)

6.31% more ownership

Funds ownership: 27.16% → 33.47% (+6.3%)

0% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 29

5% less funds holding

Funds holding: 96 → 91 (-5)

29% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 14

Holders
91
Holders Change
-5
Holders Change %
-5.21%
% of All Funds
1.98%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
10
Increased
29
Reduced
29
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SCM
Saba Capital Management
New York
+$26.1M
2
EVM
Eaton Vance Management
Massachusetts
+$3.35M
3
VEA
Virtus ETF Advisers
New York
+$2.26M
4
RCM
Rivernorth Capital Management
Florida
+$1.14M
5
Invesco
Invesco
Georgia
+$1.05M

Top Sellers

1
Wells Fargo
Wells Fargo
California
-$1.53M
2
SFS
Shaker Financial Services
Virginia
-$1.41M
3
CRC
Curi RMB Capital
Illinois
-$1.16M
4
AAMU
Amundi Asset Management US
Massachusetts
-$1.13M
5
MWP
MYCIO Wealth Partners
Pennsylvania
-$1.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
SCM
1
Saba Capital Management
New York
$27.8M +$26.1M +2,027,988 +1,470%
RVPG
2
Relative Value Partners Group
$15.3M +$899K +69,948 +6%
BPCM
3
Beach Point Capital Management
California
$12.8M +$614K +47,805 +5%
Morgan Stanley
4
Morgan Stanley
New York
$8.56M -$955K -74,345 -10%
Invesco
5
Invesco
Georgia
$6.9M +$1.05M +81,922 +18%
EVM
6
Eaton Vance Management
Massachusetts
$6.69M +$3.35M +260,628 +100%
GC
7
Guggenheim Capital
Illinois
$5.96M -$230K -17,893 -4%
AUIM
8
Aegon USA Investment Management
Iowa
$5.63M – – –
Wells Fargo
9
Wells Fargo
California
$4.41M -$1.53M -119,374 -26%
AAM
10
Advisors Asset Management
Colorado
$4.19M +$408K +31,758 +11%
FFA
11
First Foundation Advisors
California
$4.18M +$64.8K +5,041 +2%
NCM
12
Next Capital Management
New York
$2.78M +$715K +55,631 +35%
Bank of America
13
Bank of America
North Carolina
$2.72M -$683K -53,181 -20%
WAM
14
Wolverine Asset Management
Illinois
$2.32M -$25.1K -1,952 -1%
VEA
15
Virtus ETF Advisers
New York
$2.25M +$2.26M +175,561 New
UBS Group
16
UBS Group
Switzerland
$2.2M +$7.9K +615 +0.4%
MIG
17
Mariner Investment Group
New York
$1.9M -$129K -10,025 -6%
CRC
18
Curi RMB Capital
Illinois
$1.78M -$1.16M -90,103 -39%
SAM
19
Securian Asset Management
Minnesota
$1.55M – – –
PMG
20
ProVise Management Group
Florida
$1.54M -$21K -1,633 -1%
Baird Financial Group
21
Baird Financial Group
Wisconsin
$1.37M +$426K +33,150 +45%
LCM
22
Landscape Capital Management
New Jersey
$1.29M -$721K -56,068 -36%
Janney Montgomery Scott
23
Janney Montgomery Scott
Pennsylvania
$1.25M -$23K -1,788 -2%
CIA
24
Capital Investment Advisors
Georgia
$1.01M -$17.6K -1,366 -2%
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$925K -$139K -10,818 -13%
1
2 3 4 5

FRA Hedge Fund Activity: Q2 2019 in Review

91 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q2 2019, worth a combined $147M — up 16% from $126M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of FRA and 10 opened new positions — a net loss of 4 holders — while 29 trimmed existing stakes and 29 added.

The largest buyer was Saba Capital Management, adding an estimated $26.1M. The largest seller was Wells Fargo, cutting an estimated $1.53M.

  • 91 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q2 2019, down from 96 in Q1 2019.
  • Funds reported $147M of BlackRock Floating Rate Income Strategies Fund stock for Q2 2019, up 16% quarter-over-quarter.
  • 10 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q2 2019 and 14 closed out, a net change of -4 holders.
  • The largest BlackRock Floating Rate Income Strategies Fund buyer in Q2 2019 was Saba Capital Management, an estimated $26.1M added.
  • The largest BlackRock Floating Rate Income Strategies Fund seller in Q2 2019 was Wells Fargo, an estimated $1.53M sold.

Based on aggregated 13F filings for Q2 2019.