BlackRock Floating Rate Income Strategies Fund
FRA
76 hedge funds and large institutions have $113M invested in BlackRock Floating Rate Income Strategies Fund in 2023 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 26 increasing their positions, 25 reducing their positions, and 7 closing their positions.
4% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 25
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less capital invested
Capital invested by funds: $118M → $113M (-$4.4M)
1% less funds holding
Funds holding: 77 → 76 (-1)
1.87% less ownership
Funds ownership: 27.4% → 25.53% (-1.9%)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
+$3.95M |
| 2 |
GL
Graypoint LLC
Albany,
New York
|
+$2.02M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$594K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$358K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$357K |
Top Sellers
| 1 |
RVPG
Relative Value Partners Group
|
-$9.94M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$2.74M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.93M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$807K |
| 5 |
Morgan Stanley
New York
|
-$770K |
FRA Hedge Fund Activity: Q3 2023 in Review
76 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q3 2023, worth a combined $113M — down 3.7% from $118M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FRA and 6 opened new positions — a net loss of 1 holder — while 25 trimmed existing stakes and 26 added.
The largest buyer was Osaic Holdings, adding an estimated $3.95M. The largest seller was Relative Value Partners Group, cutting an estimated $9.94M.
- 76 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q3 2023, down from 77 in Q2 2023.
- Funds reported $113M of BlackRock Floating Rate Income Strategies Fund stock for Q3 2023, down 3.7% quarter-over-quarter.
- 6 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q3 2023 and 7 closed out, a net change of -1 holder.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q3 2023 was Osaic Holdings, an estimated $3.95M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q3 2023 was Relative Value Partners Group, an estimated $9.94M sold.
Based on aggregated 13F filings for Q3 2023.