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BlackRock Floating Rate Income Strategies Fund
FRA

90 hedge funds and large institutions have $147M invested in BlackRock Floating Rate Income Strategies Fund in 2021 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 28 increasing their positions, 36 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% less funds holding

Funds holding: 93 → 90 (-3)

7.38% less ownership

Funds ownership: 38.85% → 31.48% (-7.4%)

13% less capital invested

Capital invested by funds: $168M → $147M (-$21.9M)

17% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 18

22% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 36

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
90
Holders Change
-3
Holders Change %
-3.23%
% of All Funds
1.58%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
15
Increased
28
Reduced
36
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KKRC
Kohlberg Kravis Roberts & Co
New York
+$8.15M
2
PPA
Parametric Portfolio Associates
Washington
+$6.12M
3
Ameriprise
Ameriprise
Minnesota
+$1.31M
4
CPC
Congress Park Capital
New York
+$1.02M
5
PHS
Pekin Hardy Strauss
Illinois
+$866K

Top Sellers

1
SCM
Saba Capital Management
New York
-$25M
2
PCM
Penserra Capital Management
California
-$8.01M
3
RCM
Rivernorth Capital Management
Florida
-$5.66M
4
Bank of America
Bank of America
North Carolina
-$3.42M
5
EVM
Eaton Vance Management
Massachusetts
-$3.33M
Name Holding Trade Value Shares
Change 		Change in
Stake
RVPG
1
Relative Value Partners Group
$21.9M +$701K +54,913 +3%
Morgan Stanley
2
Morgan Stanley
New York
$13.4M -$888K -69,547 -6%
SCM
3
Saba Capital Management
New York
$13.2M -$25M -1,961,333 -66%
Invesco
4
Invesco
Georgia
$8.91M -$692K -54,191 -7%
PPA
5
Parametric Portfolio Associates
Washington
$8.49M +$6.12M +479,392 +275%
KKRC
6
Kohlberg Kravis Roberts & Co
New York
$8.29M +$8.15M +638,074 New
RCM
7
Rivernorth Capital Management
Florida
$7.91M -$5.66M -443,223 -42%
GC
8
Guggenheim Capital
Illinois
$5.69M +$580K +45,428 +12%
AAM
9
Advisors Asset Management
Colorado
$5M +$340K +26,613 +7%
NCM
10
Next Capital Management
New York
$4.08M -$39.9K -3,123 -1%
EVM
11
Eaton Vance Management
Massachusetts
$3.39M -$3.33M -260,553 -50%
Rockefeller Capital Management
12
Rockefeller Capital Management
New York
$2.63M +$218K +17,100 +9%
Cambridge Investment Research Advisors
13
Cambridge Investment Research Advisors
Iowa
$2.36M +$520K +40,749 +29%
Bank of America
14
Bank of America
North Carolina
$2.07M -$3.42M -267,468 -63%
Baird Financial Group
15
Baird Financial Group
Wisconsin
$1.93M +$47.4K +3,709 +3%
Ameriprise
16
Ameriprise
Minnesota
$1.83M +$1.31M +102,595 +271%
UBS Group
17
UBS Group
Switzerland
$1.79M -$190K -14,852 -10%
FFA
18
First Foundation Advisors
California
$1.55M -$130K -10,156 -8%
SAM
19
Securian Asset Management
Minnesota
$1.47M -$16.5K -1,290 -1%
JP Morgan Chase
20
JP Morgan Chase
New York
$1.35M +$38.8K +3,041 +3%
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$1.18M +$123K +9,649 +12%
AUIM
22
Aegon USA Investment Management
Iowa
$1.16M -$779K -61,021 -41%
WWMSC
23
Wagner Wealth Management (South Carolina)
South Carolina
$1.16M -$65.2K -5,107 -5%
DADC
24
D.A. Davidson & Co
Montana
$1.04M +$109K +8,504 +12%
CPC
25
Congress Park Capital
New York
$1.04M +$1.02M +79,722 New
1
2 3 4 5

FRA Hedge Fund Activity: Q1 2021 in Review

90 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q1 2021, worth a combined $147M — down 13% from $168M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of FRA and 15 opened new positions — a net loss of 3 holders — while 36 trimmed existing stakes and 28 added.

The largest buyer was Kohlberg Kravis Roberts & Co, opening a new position worth an estimated $8.15M. The largest seller was Saba Capital Management, cutting an estimated $25M.

  • 90 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q1 2021, down from 93 in Q4 2020.
  • Funds reported $147M of BlackRock Floating Rate Income Strategies Fund stock for Q1 2021, down 13% quarter-over-quarter.
  • 15 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q1 2021 and 18 closed out, a net change of -3 holders.
  • The largest BlackRock Floating Rate Income Strategies Fund buyer in Q1 2021 was Kohlberg Kravis Roberts & Co, an estimated $8.15M added.
  • The largest BlackRock Floating Rate Income Strategies Fund seller in Q1 2021 was Saba Capital Management, an estimated $25M sold.

Based on aggregated 13F filings for Q1 2021.