Eaton Vance Floating-Rate Income Trust
EFT
74 hedge funds and large institutions have $140M invested in Eaton Vance Floating-Rate Income Trust in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 26 reducing their positions, and 9 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
1.3% more ownership
Funds ownership: 22.6% → 23.9% (+1.3%)
1% less capital invested
Capital invested by funds: $141M → $140M (-$1.5M)
5% less funds holding
Funds holding: 78 → 74 (-4)
27% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 26
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCC
Bain Capital Credit
Boston,
Massachusetts
|
+$3.35M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$1.81M |
| 3 |
JP Morgan Chase
New York
|
+$1.8M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$734K |
| 5 |
Morgan Stanley
New York
|
+$448K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCA
Restructuring Capital Associates
Stamford,
Connecticut
|
-$1.73M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$1.49M |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.13M |
| 4 |
EWM
Edge Wealth Management
New York
|
-$735K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$379K |
EFT Hedge Fund Activity: Q3 2014 in Review
74 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q3 2014, worth a combined $140M — down 1.1% from $141M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of EFT and 5 opened new positions — a net loss of 4 holders — while 26 trimmed existing stakes and 19 added.
The largest buyer was Bain Capital Credit, opening a new position worth an estimated $3.35M. The largest seller was Restructuring Capital Associates, cutting an estimated $1.73M.
- 74 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q3 2014, down from 78 in Q2 2014.
- Funds reported $140M of Eaton Vance Floating-Rate Income Trust stock for Q3 2014, down 1.1% quarter-over-quarter.
- 5 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q3 2014 and 9 closed out, a net change of -4 holders.
- The largest Eaton Vance Floating-Rate Income Trust buyer in Q3 2014 was Bain Capital Credit, an estimated $3.35M added.
- The largest Eaton Vance Floating-Rate Income Trust seller in Q3 2014 was Restructuring Capital Associates, an estimated $1.73M sold.
Based on aggregated 13F filings for Q3 2014.