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EFT

Eaton Vance Floating-Rate Income Trust
EFT

116 hedge funds and large institutions have $239M invested in Eaton Vance Floating-Rate Income Trust in 2019 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 36 increasing their positions, 28 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

263% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 8

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

29% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 28

20% more funds holding

Funds holding: 97 → 116 (+19)

17% more capital invested

Capital invested by funds: $204M → $239M (+$35.4M)

2.85% more ownership

Funds ownership: 40.47% → 43.32% (+2.9%)

Holders
116
Holders Change
+19
Holders Change %
+19.59%
% of All Funds
2.29%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.06%
New
29
Increased
36
Reduced
28
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$5.75M
2
Morgan Stanley
Morgan Stanley
New York
+$2.98M
3
Millennium Management
Millennium Management
New York
+$2.66M
4
MC
Matisse Capital
Oregon
+$1.92M
5
RJA
Raymond James & Associates
Florida
+$1.89M

Top Sellers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$3.22M
2
Bank of America
Bank of America
North Carolina
-$2.75M
3
RCM
Rivernorth Capital Management
Florida
-$2.3M
4
GC
Guggenheim Capital
Illinois
-$2.2M
5
WAM
Wolverine Asset Management
Illinois
-$2.15M
Name Holding Trade Value Shares
Change 		Change in
Stake
CCIM
26
Chapwood Capital Investment Management
Texas
$2.45M +$2.38M +178,441 New
NCM
27
Next Capital Management
New York
$2.03M – – –
MC
28
Matisse Capital
Oregon
$1.97M +$1.92M +143,852 New
CS
29
Comerica Securities
Michigan
$1.91M +$1.83M +137,288 New
AC
30
Almitas Capital
California
$1.63M +$1.58M +118,533 New
TIM
31
Triad Investment Management
California
$1.62M +$1.43M +107,410 +1,004%
PIG
32
Pantheon Investment Group
California
$1.6M +$2M +149,381 New
Envestnet Asset Management
33
Envestnet Asset Management
Illinois
$1.51M +$200K +15,008 +16%
AG
34
Advisor Group
Arizona
$1.34M +$74.3K +5,562 +6%
Baird Financial Group
35
Baird Financial Group
Wisconsin
$1.33M +$6.64K +497 +0.5%
LPL Financial
36
LPL Financial
California
$1.16M +$186K +13,890 +20%
OMC
37
Old Mission Capital
Illinois
$1.14M +$1.11M +83,300 New
MIG
38
Mariner Investment Group
New York
$1.13M +$86.1K +6,448 +9%
Truist Financial
39
Truist Financial
North Carolina
$1.12M +$1.09M +81,490 New
RCM
40
Robinson Capital Management
Michigan
$1.1M – – –
WCMNY
41
Westchester Capital Management (New York)
New York
$1.01M -$983K -73,566 -50%
6M
42
6 Meridian
Kansas
$886K +$70.3K +5,262 +9%
CAN
43
Cetera Advisor Networks
California
$834K -$55.8K -4,174 -6%
NC
44
Nicholas Company
Wisconsin
$755K +$307K +23,000 +72%
GAMC
45
Garner Asset Management Corp
Texas
$660K -$2.67K -200 -0.4%
EVM
46
Eaton Vance Management
Massachusetts
$651K +$468 +35 +0.1%
Cambridge Investment Research Advisors
47
Cambridge Investment Research Advisors
Iowa
$620K +$35.9K +2,685 +6%
FFA
48
First Foundation Advisors
California
$611K +$595K +44,504 New
Wells Fargo
49
Wells Fargo
California
$589K -$97.8K -7,320 -15%
CIA
50
Capital Investment Advisors
Georgia
$548K -$9.47K -709 -2%
1
2
3 4 5

EFT Hedge Fund Activity: Q4 2019 in Review

116 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q4 2019, worth a combined $239M — up 17% from $204M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new EFT positions and 8 closed out — a net gain of 21 holders — while 36 added to existing stakes and 28 trimmed.

The largest buyer was Penserra Capital Management, opening a new position worth an estimated $5.75M. The largest seller was Royal Bank of Canada, cutting an estimated $3.22M.

  • 116 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q4 2019, up from 97 in Q3 2019.
  • Funds reported $239M of Eaton Vance Floating-Rate Income Trust stock for Q4 2019, up 17% quarter-over-quarter.
  • 29 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q4 2019 and 8 closed out, a net change of +21 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q4 2019 was Penserra Capital Management, an estimated $5.75M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q4 2019 was Royal Bank of Canada, an estimated $3.22M sold.

Based on aggregated 13F filings for Q4 2019.