BlackRock Floating Rate Income Strategies Fund
FRA
109 hedge funds and large institutions have $160M invested in BlackRock Floating Rate Income Strategies Fund in 2019 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 36 increasing their positions, 36 reducing their positions, and 10 closing their positions.
130% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 10
14% more funds holding
Funds holding: 96 → 109 (+13)
14% more capital invested
Capital invested by funds: $141M → $160M (+$19.1M)
0.33% more ownership
Funds ownership: 32.19% → 32.51% (+0.33%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 36
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$7.29M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$3.36M |
| 3 |
Millennium Management
New York
|
+$2.79M |
| 4 |
SCM
Saba Capital Management
New York
|
+$2.05M |
| 5 |
Rockefeller Capital Management
New York
|
+$1.87M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
-$7.55M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.78M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$3.47M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$2.89M |
| 5 |
AUIM
Aegon USA Investment Management
Cedar Rapids,
Iowa
|
-$2.87M |
FRA Hedge Fund Activity: Q4 2019 in Review
109 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q4 2019, worth a combined $160M — up 14% from $141M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new FRA positions and 10 closed out — a net gain of 13 holders — while 36 added to existing stakes and 36 trimmed.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $7.29M. The largest seller was Beach Point Capital Management, exiting entirely with an estimated $7.55M sold.
- 109 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q4 2019, up from 96 in Q3 2019.
- Funds reported $160M of BlackRock Floating Rate Income Strategies Fund stock for Q4 2019, up 14% quarter-over-quarter.
- 23 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q4 2019 and 10 closed out, a net change of +13 holders.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q4 2019 was Penserra Capital Management, an estimated $7.29M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q4 2019 was Beach Point Capital Management, an estimated $7.55M sold.
Based on aggregated 13F filings for Q4 2019.