BlackRock Floating Rate Income Strategies Fund
FRA
89 hedge funds and large institutions have $152M invested in BlackRock Floating Rate Income Strategies Fund in 2020 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 28 increasing their positions, 36 reducing their positions, and 12 closing their positions.
0% less capital invested
Capital invested by funds: $153M → $152M (-$756K)
1.25% less ownership
Funds ownership: 38.19% → 36.93% (-1.3%)
4% less funds holding
Funds holding: 93 → 89 (-4)
22% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 36
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.21M |
| 2 |
RVPG
Relative Value Partners Group
|
+$1.23M |
| 3 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$467K |
| 4 |
PCM
Penserra Capital Management
Orinda,
California
|
+$402K |
| 5 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
+$334K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.65M |
| 2 |
SCM
Saba Capital Management
New York
|
-$1.21M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$838K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$749K |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$643K |
FRA Hedge Fund Activity: Q3 2020 in Review
89 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q3 2020, worth a combined $152M — down 0.49% from $153M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of FRA and 8 opened new positions — a net loss of 4 holders — while 36 trimmed existing stakes and 28 added.
The largest buyer was Morgan Stanley, adding an estimated $4.21M. The largest seller was Rivernorth Capital Management, cutting an estimated $5.65M.
- 89 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q3 2020, down from 93 in Q2 2020.
- Funds reported $152M of BlackRock Floating Rate Income Strategies Fund stock for Q3 2020, down 0.49% quarter-over-quarter.
- 8 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q3 2020 and 12 closed out, a net change of -4 holders.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q3 2020 was Morgan Stanley, an estimated $4.21M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q3 2020 was Rivernorth Capital Management, an estimated $5.65M sold.
Based on aggregated 13F filings for Q3 2020.