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EFT

Eaton Vance Floating-Rate Income Trust
EFT

59 hedge funds and large institutions have $88.4M invested in Eaton Vance Floating-Rate Income Trust in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 15 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 15

0.07% more ownership

Funds ownership: 14.44% → 14.51% (+0.07%)

5% less funds holding

Funds holding: 62 → 59 (-3)

5% less capital invested

Capital invested by funds: $93.1M → $88.4M (-$4.71M)

43% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 7

Holders
59
Holders Change
-3
Holders Change %
-4.84%
% of All Funds
1.91%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
20
Reduced
15
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.38M
2
GC
Guggenheim Capital
Illinois
+$1.07M
3
Bank of America
Bank of America
North Carolina
+$436K
4
OFG
OTA Financial Group
New York
+$328K
5
Wells Fargo
Wells Fargo
California
+$325K

Top Sellers

Rank Fund Capital Flow
1
ARC
Absolute Return Capital
Massachusetts
-$1.15M
2
AAM
Advisors Asset Management
Colorado
-$703K
3
MIG
Mariner Investment Group
New York
-$361K
4
LPL Financial
LPL Financial
California
-$318K
5
CB
Commerce Bank
Missouri
-$318K
Name Holding Trade Value Shares
Change 		Change in
Stake
Ameriprise
51
Ameriprise
Minnesota
$41K -$8.15K -500 -16%
SIA
52
SeaBridge Investment Advisors
New Jersey
$37K – – –
FWM
53
Focused Wealth Management
New York
$31K +$32.6K +2,000 New
MFS
54
MSI Financial Services
Massachusetts
$23K – – –
WA
55
WFG Advisors
Texas
$16K – – –
CTC
56
Central Trust Company
Missouri
$7K – – –
M&T Bank
57
M&T Bank
New York
$7K – – –
Deutsche Bank
58
Deutsche Bank
Germany
$6K +$6.52K +400 New
1IC
59
1919 Investment Counsel
Maryland
$5K – – –
OFG
60
OTA Financial Group
New York
$313 +$328K +20,113 New
Northern Trust
61
Northern Trust
Illinois
– -$9K -51,413 Closed
AAM
62
Advisors Asset Management
Colorado
– -$703K -42,423 Closed
MIG
63
Mariner Investment Group
New York
– -$361K -21,800 Closed
Jane Street
64
Jane Street
New York
– -$179K -10,788 Closed
PP
65
Paloma Partners
Connecticut
– -$166K -10,000 Closed
OWP
66
Obermeyer Wealth Partners
Colorado
– -$2K -150 Closed
MA
67
MCF Advisors
Kentucky
– -$2K -141 Closed
1 2
3

EFT Hedge Fund Activity: Q3 2013 in Review

59 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q3 2013, worth a combined $88.4M — down 5.1% from $93.1M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of EFT and 4 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 20 added.

The largest buyer was Morgan Stanley, adding an estimated $1.38M. The largest seller was Absolute Return Capital, cutting an estimated $1.15M.

  • 59 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q3 2013, down from 62 in Q2 2013.
  • Funds reported $88.4M of Eaton Vance Floating-Rate Income Trust stock for Q3 2013, down 5.1% quarter-over-quarter.
  • 4 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q3 2013 and 7 closed out, a net change of -3 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q3 2013 was Morgan Stanley, an estimated $1.38M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q3 2013 was Absolute Return Capital, an estimated $1.15M sold.

Based on aggregated 13F filings for Q3 2013.