BlackRock Floating Rate Income Strategies Fund
FRA
89 hedge funds and large institutions have $132M invested in BlackRock Floating Rate Income Strategies Fund in 2021 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 36 increasing their positions, 25 reducing their positions, and 11 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 25
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
1% less funds holding
Funds holding: 90 → 89 (-1)
3.14% less ownership
Funds ownership: 31.48% → 28.33% (-3.1%)
59% less capital inflows, than outflows
Capital inflows: $11.9M | Capital outflows: $28.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.3M |
| 2 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.45M |
| 3 |
Shaker Financial Services
Arlington,
Virginia
|
+$1.2M |
| 4 |
Relative Value Partners Group
|
+$715K |
| 5 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$644K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Saba Capital Management
New York
|
-$11.5M |
| 2 |
Kohlberg Kravis Roberts & Co
New York
|
-$8.3M |
| 3 |
Morgan Stanley
New York
|
-$4.06M |
| 4 |
Pekin Hardy Strauss
Chicago,
Illinois
|
-$660K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$660K |
FRA Hedge Fund Activity: Q2 2021 in Review
89 of the 5,769 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q2 2021, worth a combined $132M — down 9.8% from $147M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of FRA and 10 opened new positions — a net loss of 1 holder — while 25 trimmed existing stakes and 36 added.
The largest buyer was Ameriprise, adding an estimated $2.3M. The largest seller was Saba Capital Management, cutting an estimated $11.5M.
- 89 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q2 2021, down from 90 in Q1 2021.
- Funds reported $132M of BlackRock Floating Rate Income Strategies Fund stock for Q2 2021, down 9.8% quarter-over-quarter.
- 10 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q2 2021 and 11 closed out, a net change of -1 holder.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q2 2021 was Ameriprise, an estimated $2.3M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q2 2021 was Saba Capital Management, an estimated $11.5M sold.
Based on aggregated 13F filings for Q2 2021.