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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$13.6M |
| 2 |
EWM
Edge Wealth Management
New York
|
+$2.44M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.3M |
| 4 |
OHA
Oak Hill Advisors
New York
|
+$1.22M |
| 5 |
GLA
Great Lakes Advisors
Chicago,
Illinois
|
+$1.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.04M |
| 2 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$709K |
| 3 |
SG Americas Securities
New York
|
-$616K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$598K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$415K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WHI
76
William Harris Investors
Chicago,
Illinois
| – | -$324K | -21,250 | Closed |
|
|
ASN
77
Advisory Services Network
Atlanta,
Georgia
| – | -$31K | -2,000 | Closed |
|
78
US Bancorp
Minneapolis,
Minnesota
| – | -$28K | -1,866 | Closed |
|
|
S
79
SignatureFD
Atlanta,
Georgia
| – | -$4K | -250 | Closed |
|
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.