BlackRock Floating Rate Income Strategies Fund
FRA
90 hedge funds and large institutions have $104M invested in BlackRock Floating Rate Income Strategies Fund in 2024 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 30 increasing their positions, 31 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: 87 → 90 (+3)
3% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 31
2.33% less ownership
Funds ownership: 25.27% → 22.94% (-2.3%)
8% less capital invested
Capital invested by funds: $113M → $104M (-$8.49M)
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 |
Morgan Stanley
New York
|
+$376K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$335K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WWMSC
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
|
-$7.92M |
| 2 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$1.49M |
| 3 |
Truist Financial
Charlotte,
North Carolina
|
-$1.32M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$1.26M |
| 5 |
RVPG
Relative Value Partners Group
|
-$1.11M |
FRA Hedge Fund Activity: Q1 2024 in Review
90 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Strategies Fund (FRA) for Q1 2024, worth a combined $104M — down 7.5% from $113M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new FRA positions and 9 closed out — a net gain of 3 holders — while 30 added to existing stakes and 31 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.
- 90 institutional investors held BlackRock Floating Rate Income Strategies Fund (FRA) as of Q1 2024, up from 87 in Q4 2023.
- Funds reported $104M of BlackRock Floating Rate Income Strategies Fund stock for Q1 2024, down 7.5% 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.