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EFT

Eaton Vance Floating-Rate Income Trust
EFT

96 hedge funds and large institutions have $256M invested in Eaton Vance Floating-Rate Income Trust in 2020 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 20 increasing their positions, 35 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more funds holding in top 10

Funds holding in top 10: 3 → 5 (+2)

60% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 10

18% more capital invested

Capital invested by funds: $217M → $256M (+$39.1M)

7% more funds holding

Funds holding: 90 → 96 (+6)

2.92% more ownership

Funds ownership: 45.86% → 48.78% (+2.9%)

43% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 35

Holders
96
Holders Change
+6
Holders Change %
+6.67%
% of All Funds
1.7%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.09%
New
16
Increased
20
Reduced
35
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$29.9M
2
EIM
Elliott Investment Management
Florida
+$14.1M
3
SIA
Sit Investment Associates
Minnesota
+$2.34M
4
IA
Icon Advisers
Colorado
+$2.21M
5
OHA
Oak Hill Advisors
New York
+$1.61M

Top Sellers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
-$15M
2
RCM
Rivernorth Capital Management
Florida
-$6.4M
3
Morgan Stanley
Morgan Stanley
New York
-$3.83M
4
Goldman Sachs
Goldman Sachs
New York
-$3.25M
5
RVPG
Relative Value Partners Group
-$2.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
CCP
51
Clough Capital Partners
Massachusetts
$259K +$254K +19,664 New
IAN
52
Integrated Advisors Network
Texas
$258K – – –
Ameriprise
53
Ameriprise
Minnesota
$248K -$8.18K -633 -3%
QC
54
Quantedge Capital
Singapore
$245K +$240K +18,588 New
PPA
55
Parametric Portfolio Associates
Washington
$242K -$128K -9,905 -35%
EVM
56
Eaton Vance Management
Massachusetts
$221K -$11.6K -900 -5%
SW
57
SteelPeak Wealth
California
$219K -$65.2K -5,050 -23%
KAS
58
Kestra Advisory Services
Texas
$213K +$208K +16,121 New
HSA
59
HBK Sorce Advisory
Pennsylvania
$206K +$202K +15,625 New
DJYG
60
David J. Yvars Group
Florida
$198K +$194K +15,014 New
RFC
61
Regions Financial Corp
Alabama
$197K – – –
DAS
62
Dynamic Advisor Solutions
Arizona
$186K -$6.45K -499 -3%
LPIC
63
LeJeune Puetz Investment Counsel
Michigan
$184K – – –
RJT
64
Raymond James Trust
Florida
$174K +$20.8K +1,612 +14%
AAMC
65
Asset Allocation & Management Company
Illinois
$171K – – –
CAN
66
Cetera Advisor Networks
California
$157K -$10.3K -800 -6%
TFCP
67
Twin Focus Capital Partners
Massachusetts
$155K – – –
BFEC
68
Benjamin F. Edwards & Company
Missouri
$153K – – –
JSL
69
JT Stratford LLC
Georgia
$153K +$7.75K +600 +5%
Citigroup
70
Citigroup
New York
$150K -$633 -49 -0.4%
PA
71
Parallel Advisors
California
$142K -$25.8K -2,000 -16%
FIA
72
FNY Investment Advisers
New York
$136K +$134K +10,351 New
SI
73
Stephens Inc
Arkansas
$132K – – –
AA
74
Addison Advisors
Vermont
$131K +$128K +9,935 New
PNC Financial Services Group
75
PNC Financial Services Group
Pennsylvania
$98K – – –
1 2
3
4 5

EFT Hedge Fund Activity: Q4 2020 in Review

96 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q4 2020, worth a combined $256M — up 18% from $217M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new EFT positions and 10 closed out — a net gain of 6 holders — while 20 added to existing stakes and 35 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $29.9M. The largest seller was JP Morgan Chase, cutting an estimated $15M.

  • 96 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q4 2020, up from 90 in Q3 2020.
  • Funds reported $256M of Eaton Vance Floating-Rate Income Trust stock for Q4 2020, up 18% quarter-over-quarter.
  • 16 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q4 2020 and 10 closed out, a net change of +6 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q4 2020 was Saba Capital Management, an estimated $29.9M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q4 2020 was JP Morgan Chase, an estimated $15M sold.

Based on aggregated 13F filings for Q4 2020.