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EFT

Eaton Vance Floating-Rate Income Trust
EFT

96 hedge funds and large institutions have $256M invested in Eaton Vance Floating-Rate Income Trust in 2020 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 20 increasing their positions, 35 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more funds holding in top 10

Funds holding in top 10: 3 → 5 (+2)

60% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 10

18% more capital invested

Capital invested by funds: $217M → $256M (+$39.1M)

7% more funds holding

Funds holding: 90 → 96 (+6)

2.92% more ownership

Funds ownership: 45.86% → 48.78% (+2.9%)

43% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 35

Holders
96
Holders Change
+6
Holders Change %
+6.67%
% of All Funds
1.7%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.09%
New
16
Increased
20
Reduced
35
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$29.9M
2
EIM
Elliott Investment Management
Florida
+$14.1M
3
SIA
Sit Investment Associates
Minnesota
+$2.34M
4
IA
Icon Advisers
Colorado
+$2.21M
5
OHA
Oak Hill Advisors
New York
+$1.61M

Top Sellers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
-$15M
2
RCM
Rivernorth Capital Management
Florida
-$6.4M
3
Morgan Stanley
Morgan Stanley
New York
-$3.83M
4
Goldman Sachs
Goldman Sachs
New York
-$3.25M
5
RVPG
Relative Value Partners Group
-$2.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
Rockefeller Capital Management
26
Rockefeller Capital Management
New York
$1.67M +$16.1K +1,249 +1%
Osaic Holdings
27
Osaic Holdings
Arizona
$1.61M -$143K -11,058 -8%
Baird Financial Group
28
Baird Financial Group
Wisconsin
$1.53M +$70.8K +5,482 +5%
Truist Financial
29
Truist Financial
North Carolina
$1.51M -$3.72K -288 -0.3%
JP Morgan Chase
30
JP Morgan Chase
New York
$1.31M -$15M -1,158,231 -92%
CWM
31
Circle Wealth Management
New Jersey
$1.29M -$15.6K -1,211 -1%
LPL Financial
32
LPL Financial
California
$1.29M +$20.6K +1,591 +2%
TIM
33
Triad Investment Management
California
$1.23M -$98.4K -7,614 -8%
TJHA
34
Thomas J. Herzfeld Advisors
Florida
$1.19M +$1.17M +90,316 New
Wells Fargo
35
Wells Fargo
California
$1.15M +$367K +28,420 +48%
PAS
36
Park Avenue Securities
New York
$776K +$41.9K +3,243 +6%
Stifel Financial
37
Stifel Financial
Missouri
$768K +$1.23K +95 +0.2%
WCMNY
38
Westchester Capital Management (New York)
New York
$669K -$293K -22,702 -31%
GAMC
39
Garner Asset Management Corp
Texas
$633K -$2.58K -200 -0.4%
Cambridge Investment Research Advisors
40
Cambridge Investment Research Advisors
Iowa
$617K -$7.89K -611 -1%
Koshinski Asset Management
41
Koshinski Asset Management
Illinois
$530K +$26.7K +2,067 +5%
CIA
42
Capital Investment Advisors
Georgia
$469K -$14.4K -1,114 -3%
AA
43
AQR Arbitrage
Connecticut
$465K -$769K -59,509 -63%
CWM
44
Cornerstone Wealth Management
Missouri
$427K -$11.9K -921 -3%
SRC
45
Shufro Rose & Co
New York
$370K – – –
FFA
46
First Foundation Advisors
California
$317K -$47.3K -3,664 -13%
WMG
47
WESCAP Management Group
California
$304K -$62.3K -4,825 -17%
BA
48
Bard Associates
Illinois
$298K – – –
RPA
49
Rock Point Advisors
Vermont
$270K +$22K +1,700 +9%
HCM
50
Hilton Capital Management
New York
$265K +$260K +20,105 New
1
2
3 4 5

EFT Hedge Fund Activity: Q4 2020 in Review

96 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q4 2020, worth a combined $256M — up 18% from $217M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new EFT positions and 10 closed out — a net gain of 6 holders — while 20 added to existing stakes and 35 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $29.9M. The largest seller was JP Morgan Chase, cutting an estimated $15M.

  • 96 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q4 2020, up from 90 in Q3 2020.
  • Funds reported $256M of Eaton Vance Floating-Rate Income Trust stock for Q4 2020, up 18% quarter-over-quarter.
  • 16 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q4 2020 and 10 closed out, a net change of +6 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q4 2020 was Saba Capital Management, an estimated $29.9M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q4 2020 was JP Morgan Chase, an estimated $15M sold.

Based on aggregated 13F filings for Q4 2020.