Third Avenue Management’s FIRST TRUST HIGH INCOME LONG/SHORT FUND FSD Stock Holding History

Third Avenue Management’s Portfolio FSD Stock Details FSD Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-841,294	Closed	-$11.9M	–	126
2015 Q3	$11.9M	Buy	841,294 +11,351	+1%	+$168K	0.32%	43
2015 Q2	$13M	Buy	829,943 +16,115	+2%	+$262K	0.33%	41
2015 Q1	$13.3M	Buy	813,828 +15,805	+2%	+$257K	0.33%	40
2014 Q4	$12.8M	Buy	798,023 +144,963	+22%	+$2.41M	0.32%	42
2014 Q3	$11.2M	Buy	653,060 +44,037	+7%	+$772K	0.23%	96
2014 Q2	$11.1M	Buy	609,023 +11,040	+2%	+$198K	0.21%	105
2014 Q1	$10.6M	Buy	597,983 +18,439	+3%	+$325K	0.21%	104
2013 Q4	$9.98M	Buy	579,544 +413,430	+249%	+$7.18M	0.18%	105
2013 Q3	$2.91M	Buy	+166,114	New	+$2.88M	0.06%	123

Other funds holding FSD

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

RCM

Rivernorth Capital Management West Palm Beach, Florida $2B AUM 0.66% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

EVM

Eaton Vance Management Boston, Massachusetts $67.5B AUM 11.44% 1-Year Est. Return

Camelot Portfolios Maumee, Ohio $143M AUM 14.82% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Bessemer Group Woodbridge, New Jersey $63.6B AUM 28.76% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

PRCM

Pine River Capital Management Minnetonka, Minnesota $32.9M AUM 4.47% 1-Year Est. Return

COLIM

City of London Investment Management London, United Kingdom $1.38B AUM 42.43% 1-Year Est. Return

Third Avenue Management's FSD Position: Q4 2015 in Review

Third Avenue Management sold out of FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) in Q4 2015, closing a stake of 841,294 shares — an estimated $11.9M sold.

Third Avenue Management first reported a position in FSD in Q3 2013 and held it in 9 quarters. The position peaked at $13.3M in Q1 2015. 71 funds tracked by Wall St. Rank hold FSD as of Q4 2015.

Third Avenue Management reported no remaining FIRST TRUST HIGH INCOME LONG/SHORT FUND position as of Q4 2015 after selling out during the quarter.
Third Avenue Management sold 841,294 FIRST TRUST HIGH INCOME LONG/SHORT FUND shares in Q4 2015, an estimated $11.9M.
Third Avenue Management first reported a position in FIRST TRUST HIGH INCOME LONG/SHORT FUND in Q3 2013 and held it in 9 quarters.
Third Avenue Management's FIRST TRUST HIGH INCOME LONG/SHORT FUND position peaked at $13.3M in Q1 2015.
71 funds tracked by Wall St. Rank held FIRST TRUST HIGH INCOME LONG/SHORT FUND as of Q4 2015.

Based on Third Avenue Management's 13F filing for Q4 2015, filed 12 Feb 2016.