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EFT

Eaton Vance Floating-Rate Income Trust
EFT

74 hedge funds and large institutions have $140M invested in Eaton Vance Floating-Rate Income Trust in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 26 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

1.3% more ownership

Funds ownership: 22.6% → 23.9% (+1.3%)

1% less capital invested

Capital invested by funds: $141M → $140M (-$1.5M)

5% less funds holding

Funds holding: 78 → 74 (-4)

27% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 26

44% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 9

Holders
74
Holders Change
-4
Holders Change %
-5.13%
% of All Funds
2.15%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.09%
New
5
Increased
19
Reduced
26
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BCC
Bain Capital Credit
Massachusetts
+$3.35M
2
CS
Credit Suisse
Switzerland
+$1.81M
3
JP Morgan Chase
JP Morgan Chase
New York
+$1.8M
4
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$734K
5
Morgan Stanley
Morgan Stanley
New York
+$448K

Top Sellers

Rank Fund Capital Flow
1
RCA
Restructuring Capital Associates
Connecticut
-$1.73M
2
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$1.49M
3
MIG
Mariner Investment Group
New York
-$1.13M
4
EWM
Edge Wealth Management
New York
-$735K
5
Bank of America
Bank of America
North Carolina
-$379K
Name Holding Trade Value Shares
Change 		Change in
Stake
Northwestern Mutual Wealth Management
51
Northwestern Mutual Wealth Management
Wisconsin
$105K +$1.55K +104 +1%
WA
52
WFG Advisors
Texas
$102K +$89.3K +6,000 +600%
MA
53
MUFG Americas
New York
$97K – – –
Royal Bank of Canada
54
Royal Bank of Canada
Ontario, Canada
$94K +$38.7K +2,600 +68%
WCMNY
55
Westchester Capital Management (New York)
New York
$81K – – –
LWCFA
56
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$68K -$91.3K -6,137 -57%
PIA
57
Peachtree Investment Advisors
Georgia
$58K +$59.5K +4,000 New
Barclays
58
Barclays
United Kingdom
$53K +$8.06K +542 +17%
CG
59
Colony Group
Massachusetts
$51K -$342K -22,960 -87%
GI
60
Gradient Investments
Minnesota
$47K +$3.87K +260 +9%
Ameriprise
61
Ameriprise
Minnesota
$43K -$20.7K -1,389 -32%
EWM
62
Elite Wealth Management
Washington
$40K +$40.9K +2,750 New
MPWT
63
MassMutual Private Wealth & Trust
Connecticut
$30.2K – – –
WEC
64
Winslow Evans & Crocker
Massachusetts
$29.5K -$14.1K -949 -32%
LTFS
65
Ladenburg Thalmann Financial Services
Florida
$22K -$14.9K -1,000 -41%
EWM
66
Evercore Wealth Management
New York
$22K – – –
MFS
67
MSI Financial Services
Massachusetts
$22K – – –
Deutsche Bank
68
Deutsche Bank
Germany
$19K – – –
FWM
69
Focused Wealth Management
New York
$15K – – –
RIM
70
Ranger International Management
Illinois
$10K – – –
HCM
71
Highlander Capital Management
New Jersey
$7.29K – – –
Fifth Third Bancorp
72
Fifth Third Bancorp
Ohio
$5K -$6.43K -432 -55%
1IC
73
1919 Investment Counsel
Maryland
$5K – – –
NES
74
New England Securities
New York
$4K – – –
BA
75
BlackRock Advisors
Delaware
$1K – – –
1 2
3
4

EFT Hedge Fund Activity: Q3 2014 in Review

74 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q3 2014, worth a combined $140M — down 1.1% from $141M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of EFT and 5 opened new positions — a net loss of 4 holders — while 26 trimmed existing stakes and 19 added.

The largest buyer was Bain Capital Credit, opening a new position worth an estimated $3.35M. The largest seller was Restructuring Capital Associates, cutting an estimated $1.73M.

  • 74 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q3 2014, down from 78 in Q2 2014.
  • Funds reported $140M of Eaton Vance Floating-Rate Income Trust stock for Q3 2014, down 1.1% quarter-over-quarter.
  • 5 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q3 2014 and 9 closed out, a net change of -4 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q3 2014 was Bain Capital Credit, an estimated $3.35M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q3 2014 was Restructuring Capital Associates, an estimated $1.73M sold.

Based on aggregated 13F filings for Q3 2014.