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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$15.3M |
| 2 |
OHA
Oak Hill Advisors
New York
|
+$4.84M |
| 3 |
JP Morgan Chase
New York
|
+$4.24M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.08M |
| 5 |
RCA
Restructuring Capital Associates
Stamford,
Connecticut
|
+$3.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$3M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.73M |
| 3 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$2.6M |
| 4 |
Cohen & Steers
New York
|
-$2.17M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.34M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CB
76
Commerce Bank
Kansas City,
Missouri
| – | -$346K | -22,183 | Closed |
|
|
OFG
77
OTA Financial Group
Purchase,
New York
| – | -$313 | -20,113 | Closed |
|
|
VFS
78
VSR Financial Services
Overland Park,
Kansas
| – | -$278K | -17,860 | Closed |
|
|
TRCT
79
Tower Research Capital (TRC)
New York
| – | -$49K | -3,169 | Closed |
|
80
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$6K | -400 | Closed |
|
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.