BlackRock Floating Rate Income Strategies Fund
FRA
89 hedge funds and large institutions have $103M invested in BlackRock Floating Rate Income Strategies Fund in 2024 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 28 increasing their positions, 32 reducing their positions, and 9 closing their positions.
33% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 9
3% more funds holding
Funds holding: 86 → 89 (+3)
3.88% less ownership
Funds ownership: 26.65% → 22.77% (-3.9%)
13% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 32
13% less capital invested
Capital invested by funds: $119M → $103M (-$15.4M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.59M |
| 2 |
LCWP
Legacy Capital Wealth Partners
Little Rock,
Arkansas
|
+$1.22M |
| 3 |
CPC
Congress Park Capital
Saratoga Springs,
New York
|
+$466K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$335K |
| 5 |
EIA
Edgemoor Investment Advisors
Bethesda,
Maryland
|
+$282K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WWMSC
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
|
-$7.92M |
| 2 |
Morgan Stanley
New York
|
-$6.39M |
| 3 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$1.49M |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
-$1.32M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$1.26M |
FRA Hedge Fund Activity: Q1 2024 in Review
89 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q1 2024, worth a combined $103M — down 13% from $119M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new FRA positions and 9 closed out — a net gain of 3 holders — while 28 added to existing stakes and 32 trimmed.
The largest buyer was Bank of America, adding an estimated $1.59M. The largest seller was Wagner Wealth Management (South Carolina), cutting an estimated $7.92M.
- 89 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q1 2024, up from 86 in Q4 2023.
- Funds reported $103M of BlackRock Floating Rate Income Strategies Fund stock for Q1 2024, down 13% quarter-over-quarter.
- 12 funds opened new BlackRock Floating Rate Income Strategies Fund positions in Q1 2024 and 9 closed out, a net change of +3 holders.
- The largest BlackRock Floating Rate Income Strategies Fund buyer in Q1 2024 was Bank of America, an estimated $1.59M added.
- The largest BlackRock Floating Rate Income Strategies Fund seller in Q1 2024 was Wagner Wealth Management (South Carolina), an estimated $7.92M sold.
Based on aggregated 13F filings for Q1 2024.