Eaton Vance Floating-Rate Income Trust
EFT
102 hedge funds and large institutions have $171M invested in Eaton Vance Floating-Rate Income Trust in 2020 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 30 increasing their positions, 39 reducing their positions, and 20 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
2.01% less ownership
Funds ownership: 43.32% → 41.3% (-2%)
12% less funds holding
Funds holding: 116 → 102 (-14)
23% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 39
29% less capital invested
Capital invested by funds: $239M → $171M (-$68.4M)
55% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$7.29M |
| 2 |
OHA
Oak Hill Advisors
New York
|
+$4.58M |
| 3 |
LC
Lindbrook Capital
Calabasas,
California
|
+$3.94M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.4M |
| 5 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
+$1.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$6.66M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.78M |
| 3 |
Millennium Management
New York
|
-$2.93M |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
-$1.97M |
| 5 |
CS
Comerica Securities
Detroit,
Michigan
|
-$1.91M |
EFT Hedge Fund Activity: Q1 2020 in Review
102 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q1 2020, worth a combined $171M — down 29% from $239M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of EFT and 9 opened new positions — a net loss of 11 holders — while 39 trimmed existing stakes and 30 added.
The largest buyer was Oaktree Capital Management, opening a new position worth an estimated $7.29M. The largest seller was Saba Capital Management, cutting an estimated $6.66M.
- 102 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q1 2020, down from 116 in Q4 2019.
- Funds reported $171M of Eaton Vance Floating-Rate Income Trust stock for Q1 2020, down 29% quarter-over-quarter.
- 9 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q1 2020 and 20 closed out, a net change of -11 holders.
- The largest Eaton Vance Floating-Rate Income Trust buyer in Q1 2020 was Oaktree Capital Management, an estimated $7.29M added.
- The largest Eaton Vance Floating-Rate Income Trust seller in Q1 2020 was Saba Capital Management, an estimated $6.66M sold.
Based on aggregated 13F filings for Q1 2020.