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EFT

Eaton Vance Floating-Rate Income Trust
EFT

71 hedge funds and large institutions have $138M invested in Eaton Vance Floating-Rate Income Trust in 2014 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 20 increasing their positions, 20 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 8

21% more capital invested

Capital invested by funds: $115M → $138M (+$23.5M)

3% more funds holding

Funds holding: 69 → 71 (+2)

2.46% more ownership

Funds ownership: 18.84% → 21.3% (+2.5%)

0% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 20

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
71
Holders Change
+2
Holders Change %
+2.9%
% of All Funds
2.05%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
10
Increased
20
Reduced
20
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$13.6M
2
EWM
Edge Wealth Management
New York
+$2.44M
3
GC
Guggenheim Capital
Illinois
+$1.3M
4
OHA
Oak Hill Advisors
New York
+$1.22M
5
GLA
Great Lakes Advisors
Illinois
+$1.1M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$4.04M
2
PP
Paloma Partners
Connecticut
-$709K
3
SG Americas Securities
SG Americas Securities
New York
-$616K
4
Invesco
Invesco
Georgia
-$598K
5
WAM
Wolverine Asset Management
Illinois
-$415K
Name Holding Trade Value Shares
Change 		Change in
Stake
HI
51
Hudock Inc
Pennsylvania
$151K -$6.19K -400 -4%
PNC Financial Services Group
52
PNC Financial Services Group
Pennsylvania
$144K -$18.7K -1,210 -12%
Northwestern Mutual Wealth Management
53
Northwestern Mutual Wealth Management
Wisconsin
$110K +$1.89K +122 +2%
MA
54
MUFG Americas
New York
$105K – – –
WCMNY
55
Westchester Capital Management (New York)
New York
$87K +$86.1K +5,564 New
Ameriprise
56
Ameriprise
Minnesota
$60K -$2.91K -188 -5%
CAPTRUST Financial Advisors
57
CAPTRUST Financial Advisors
North Carolina
$55K – – –
WEC
58
Winslow Evans & Crocker
Massachusetts
$49.8K -$3.1K -200 -6%
GI
59
Gradient Investments
Minnesota
$47K -$14.9K -965 -24%
EWM
60
Evercore Wealth Management
New York
$45K -$92.8K -6,000 -68%
SIA
61
SeaBridge Investment Advisors
New Jersey
$37K – – –
MFS
62
MSI Financial Services
Massachusetts
$27K +$2.99K +193 +13%
FWM
63
Focused Wealth Management
New York
$16K – – –
WA
64
WFG Advisors
Texas
$16K – – –
Fifth Third Bancorp
65
Fifth Third Bancorp
Ohio
$11K +$10.8K +700 New
HCM
66
Highlander Capital Management
New Jersey
$7.85K -$7.74K -500 -50%
CTC
67
Central Trust Company
Missouri
$7K – – –
M&T Bank
68
M&T Bank
New York
$7K – – –
1IC
69
1919 Investment Counsel
Maryland
$5K – – –
NES
70
New England Securities
New York
$4K – – –
BA
71
BlackRock Advisors
Delaware
$2K +$1.55K +100 New
RCM
72
Rivernorth Capital Management
Florida
– -$4.04M -264,472 Closed
PP
73
Paloma Partners
Connecticut
– -$709K -46,440 Closed
SG Americas Securities
74
SG Americas Securities
New York
– -$616K -40,358 Closed
DA
75
Doliver Advisors
Texas
– -$337K -22,062 Closed
1 2
3
4

EFT Hedge Fund Activity: Q1 2014 in Review

71 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q1 2014, worth a combined $138M — up 21% from $115M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new EFT positions and 8 closed out — a net gain of 2 holders — while 20 added to existing stakes and 20 trimmed.

The largest buyer was Baillie Gifford & Co, adding an estimated $13.6M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $4.04M sold.

  • 71 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q1 2014, up from 69 in Q4 2013.
  • Funds reported $138M of Eaton Vance Floating-Rate Income Trust stock for Q1 2014, up 21% quarter-over-quarter.
  • 10 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q1 2014 and 8 closed out, a net change of +2 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q1 2014 was Baillie Gifford & Co, an estimated $13.6M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q1 2014 was Rivernorth Capital Management, an estimated $4.04M sold.

Based on aggregated 13F filings for Q1 2014.