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EFT

Eaton Vance Floating-Rate Income Trust
EFT

69 hedge funds and large institutions have $115M invested in Eaton Vance Floating-Rate Income Trust in 2013 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 16 increasing their positions, 17 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

110% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 10

30% more capital invested

Capital invested by funds: $88.4M → $115M (+$26.3M)

17% more funds holding

Funds holding: 59 → 69 (+10)

4.33% more ownership

Funds ownership: 14.51% → 18.84% (+4.3%)

6% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 17

Holders
69
Holders Change
+10
Holders Change %
+16.95%
% of All Funds
2%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
21
Increased
16
Reduced
17
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$15.3M
2
OHA
Oak Hill Advisors
New York
+$4.84M
3
JP Morgan Chase
JP Morgan Chase
New York
+$4.24M
4
RCM
Rivernorth Capital Management
Florida
+$4.08M
5
RCA
Restructuring Capital Associates
Connecticut
+$3.25M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$3M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.73M
3
WCMNY
Westchester Capital Management (New York)
New York
-$2.6M
4
Cohen & Steers
Cohen & Steers
New York
-$2.17M
5
Wells Fargo
Wells Fargo
California
-$1.34M
Name Holding Trade Value Shares
Change 		Change in
Stake
Northwestern Mutual Wealth Management
51
Northwestern Mutual Wealth Management
Wisconsin
$105K +$1.56K +101 +1%
MA
52
MUFG Americas
New York
$102K – – –
BRWA
53
B. Riley Wealth Advisors
Florida
$73K -$50.3K -3,261 -41%
Ameriprise
54
Ameriprise
Minnesota
$61K +$21.7K +1,403 +54%
GI
55
Gradient Investments
Minnesota
$60K – – –
CAPTRUST Financial Advisors
56
CAPTRUST Financial Advisors
North Carolina
$53K – – –
WEC
57
Winslow Evans & Crocker
Massachusetts
$52K +$52.1K +3,375 New
HNB
58
Huntington National Bank
Ohio
$49K – – –
SIA
59
SeaBridge Investment Advisors
New Jersey
$36K – – –
ASN
60
Advisory Services Network
Georgia
$31K +$30.9K +2,000 New
US Bancorp
61
US Bancorp
Minnesota
$28K +$28.8K +1,866 New
MFS
62
MSI Financial Services
Massachusetts
$23K – – –
HCM
63
Highlander Capital Management
New Jersey
$15.3K -$30.9K -2,000 -67%
FWM
64
Focused Wealth Management
New York
$15K -$15.4K -1,000 -50%
WA
65
WFG Advisors
Texas
$15K – – –
M&T Bank
66
M&T Bank
New York
$7K – – –
CTC
67
Central Trust Company
Missouri
$6K – – –
1IC
68
1919 Investment Counsel
Maryland
$5K – – –
NES
69
New England Securities
New York
$4K +$3.86K +250 New
S
70
SignatureFD
Georgia
$4K +$3.86K +250 New
WCMNY
71
Westchester Capital Management (New York)
New York
– -$2.6M -166,674 Closed
Cohen & Steers
72
Cohen & Steers
New York
– -$2.17M -139,393 Closed
CWM
73
Cabot Wealth Management
Massachusetts
– -$1.04M -66,992 Closed
AR
74
Advisory Research
Illinois
– -$651K -41,770 Closed
FAAS
75
First Allied Advisory Services
California
– -$444K -28,147 Closed
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EFT Hedge Fund Activity: Q4 2013 in Review

69 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q4 2013, worth a combined $115M — up 30% from $88.4M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new EFT positions and 10 closed out — a net gain of 11 holders — while 16 added to existing stakes and 17 trimmed.

The largest buyer was Baillie Gifford & Co, opening a new position worth an estimated $15.3M. The largest seller was Bank of America, cutting an estimated $3M.

  • 69 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q4 2013, up from 59 in Q3 2013.
  • Funds reported $115M of Eaton Vance Floating-Rate Income Trust stock for Q4 2013, up 30% quarter-over-quarter.
  • 21 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q4 2013 and 10 closed out, a net change of +11 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q4 2013 was Baillie Gifford & Co, an estimated $15.3M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q4 2013 was Bank of America, an estimated $3M sold.

Based on aggregated 13F filings for Q4 2013.