BlackRock Floating Rate Income Strategies Fund
FRA
101 hedge funds and large institutions have $123M invested in BlackRock Floating Rate Income Strategies Fund in 2020 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 33 increasing their positions, 34 reducing their positions, and 27 closing their positions.
0.99% more ownership
Funds ownership: 32.51% → 33.5% (+0.99%)
3% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 34
7% less funds holding
Funds holding: 109 → 101 (-8)
22% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 27
23% less capital invested
Capital invested by funds: $160M → $123M (-$37M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.29M |
| 2 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$3.21M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.04M |
| 4 |
Goldman Sachs
New York
|
+$1.56M |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$1.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$3.19M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.16M |
| 3 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$1.51M |
| 4 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$1.47M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.35M |
FRA Hedge Fund Activity: Q1 2020 in Review
101 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q1 2020, worth a combined $123M — down 23% from $160M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of FRA and 21 opened new positions — a net loss of 6 holders — while 34 trimmed existing stakes and 33 added.
The largest buyer was Saba Capital Management, adding an estimated $4.29M. The largest seller was Millennium Management, exiting entirely with an estimated $3.19M sold.
- 101 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q1 2020, down from 109 in Q4 2019.
- Funds reported $123M of BlackRock Floating Rate Income Strategies Fund stock for Q1 2020, down 23% quarter-over-quarter.
- 21 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q1 2020 and 27 closed out, a net change of -6 holders.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q1 2020 was Saba Capital Management, an estimated $4.29M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q1 2020 was Millennium Management, an estimated $3.19M sold.
Based on aggregated 13F filings for Q1 2020.