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EFT

Eaton Vance Floating-Rate Income Trust
EFT

71 hedge funds and large institutions have $138M invested in Eaton Vance Floating-Rate Income Trust in 2014 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 20 increasing their positions, 20 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 8

21% more capital invested

Capital invested by funds: $115M → $138M (+$23.5M)

3% more funds holding

Funds holding: 69 → 71 (+2)

2.46% more ownership

Funds ownership: 18.84% → 21.3% (+2.5%)

0% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 20

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
71
Holders Change
+2
Holders Change %
+2.9%
% of All Funds
2.05%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
10
Increased
20
Reduced
20
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$13.6M
2
EWM
Edge Wealth Management
New York
+$2.44M
3
GC
Guggenheim Capital
Illinois
+$1.3M
4
OHA
Oak Hill Advisors
New York
+$1.22M
5
GLA
Great Lakes Advisors
Illinois
+$1.1M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$4.04M
2
PP
Paloma Partners
Connecticut
-$709K
3
SG Americas Securities
SG Americas Securities
New York
-$616K
4
Invesco
Invesco
Georgia
-$598K
5
WAM
Wolverine Asset Management
Illinois
-$415K
Name Holding Trade Value Shares
Change 		Change in
Stake
GLA
26
Great Lakes Advisors
Illinois
$1.12M +$1.1M +71,279 New
Wells Fargo
27
Wells Fargo
California
$1.07M +$150K +9,699 +17%
Cambridge Investment Research Advisors
28
Cambridge Investment Research Advisors
Iowa
$939K +$74.8K +4,835 +9%
Creative Planning
29
Creative Planning
Kansas
$938K +$167K +10,806 +22%
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$937K -$66.2K -4,279 -7%
Envestnet Asset Management
31
Envestnet Asset Management
Illinois
$871K +$859K +55,503 New
UCFA
32
United Capital Financial Advisors
Texas
$871K +$859K +55,503 New
CIBC World Market
33
CIBC World Market
Ontario, Canada
$823K +$33.8K +2,182 +4%
PA
34
Pinnacle Associates
New York
$708K – – –
Citigroup
35
Citigroup
New York
$560K -$300K -19,375 -35%
Stifel Financial
36
Stifel Financial
Missouri
$527K +$519K +33,548 New
CCG
37
Crescent Capital Group
California
$423K +$416K +26,900 New
CG
38
Colony Group
Massachusetts
$415K -$126K -8,150 -24%
CAS
39
CTC Alternative Strategies
Illinois
$407K – – –
MAS
40
Madden Advisory Services
Florida
$349K -$29.2K -1,887 -8%
BNP Paribas Financial Markets
41
BNP Paribas Financial Markets
France
$343K +$116K +7,500 +50%
LTFS
42
Ladenburg Thalmann Financial Services
Florida
$260K +$76.8K +4,963 +43%
Wellington Management Group
43
Wellington Management Group
Massachusetts
$243K – – –
SRC
44
Shufro Rose & Co
New York
$233K – – –
LWCFA
45
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$232K – – –
WAM
46
Wolverine Asset Management
Illinois
$220K -$415K -26,790 -66%
DC
47
Davenport & Co
Virginia
$168K – – –
CWM
48
Concert Wealth Management
California
$163K +$159K +10,304 New
AIG
49
American International Group
New York
$158K -$10.6K -686 -6%
BRWA
50
B. Riley Wealth Advisors
Florida
$155K +$79.2K +5,117 +108%
1
2
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EFT Hedge Fund Activity: Q1 2014 in Review

71 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q1 2014, worth a combined $138M — up 21% from $115M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new EFT positions and 8 closed out — a net gain of 2 holders — while 20 added to existing stakes and 20 trimmed.

The largest buyer was Baillie Gifford & Co, adding an estimated $13.6M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $4.04M sold.

  • 71 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q1 2014, up from 69 in Q4 2013.
  • Funds reported $138M of Eaton Vance Floating-Rate Income Trust stock for Q1 2014, up 21% quarter-over-quarter.
  • 10 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q1 2014 and 8 closed out, a net change of +2 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q1 2014 was Baillie Gifford & Co, an estimated $13.6M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q1 2014 was Rivernorth Capital Management, an estimated $4.04M sold.

Based on aggregated 13F filings for Q1 2014.