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EFT

Eaton Vance Floating-Rate Income Trust
EFT

93 hedge funds and large institutions have $204M invested in Eaton Vance Floating-Rate Income Trust in 2020 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 37 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more capital invested

Capital invested by funds: $171M → $204M (+$33.3M)

3.67% more ownership

Funds ownership: 41.3% → 44.97% (+3.7%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

9% less funds holding

Funds holding: 102 → 93 (-9)

43% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 37

60% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 15

Holders
93
Holders Change
-9
Holders Change %
-8.82%
% of All Funds
1.91%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
6
Increased
21
Reduced
37
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$22.8M
2
Morgan Stanley
Morgan Stanley
New York
+$2.55M
3
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$1.33M
4
LC
Lindbrook Capital
California
+$1.19M
5
RCM
Rivernorth Capital Management
Florida
+$748K

Top Sellers

Rank Fund Capital Flow
1
OCM
Oaktree Capital Management
California
-$2.99M
2
TAF
Tredje AP-fonden
Sweden
-$2.38M
3
RVPG
Relative Value Partners Group
-$1.55M
4
VEA
Virtus ETF Advisers
New York
-$1.49M
5
Stifel Financial
Stifel Financial
Missouri
-$1.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
RBC
76
Roble Belko & Company
Pennsylvania
$51K -$14.4K -1,308 -23%
CHA
77
Carmichael Hill & Associates
Maryland
$50K – – –
BWL
78
Bogart Wealth LLC
Virginia
$35K – – –
Fifth Third Bancorp
79
Fifth Third Bancorp
Ohio
$34K – – –
HI
80
Hudock Inc
Pennsylvania
$31K -$2.88K -262 -9%
EP
81
Eudaimonia Partners
Tennessee
$29K – – –
AWM
82
Atticus Wealth Management
Florida
$25K – – –
SPIA
83
Steward Partners Investment Advisory
New York
$18K +$6.59K +600 +60%
APA
84
American Portfolios Advisors
New York
$14.2K +$264 +24 +2%
BAM
85
Barrett Asset Management
New York
$13K – – –
FHA
86
Flagship Harbor Advisors
Massachusetts
$11K – – –
PAM
87
Panagora Asset Management
Massachusetts
$11K – – –
EFSCE
88
Enterprise Financial Services Corp (EFSC)
Missouri
$8K – – –
CAC
89
Certified Advisory Corp
Florida
$7K – – –
CCM
90
Covington Capital Management
California
$6K – – –
PAG
91
Private Advisor Group
New Jersey
$5K +$5.22K +475 New
FCM
92
Firestone Capital Management
Florida
$3K – – –
GI
93
Gradient Investments
Minnesota
$2K -$2.08K -189 -50%
SCP
94
Shorepoint Capital Partners
Massachusetts
– -$948K -92,500 Closed
WAM
95
Wealthspire Advisors (Maryland)
Maryland
– -$387K -37,765 Closed
WANY
96
Wealthspire Advisors (New York)
New York
– -$387K -37,765 Closed
TAF
97
Tredje AP-fonden
Sweden
– -$2.38M -30,631 Closed
ACM
98
Arlington Capital Management
Illinois
– -$259K -25,275 Closed
Citadel Advisors
99
Citadel Advisors
Florida
– -$209K -20,427 Closed
6M
100
6 Meridian
Kansas
– -$170K -16,624 Closed
1 2 3
4
5

EFT Hedge Fund Activity: Q2 2020 in Review

93 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q2 2020, worth a combined $204M — up 19% from $171M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of EFT and 6 opened new positions — a net loss of 9 holders — while 37 trimmed existing stakes and 21 added.

The largest buyer was Saba Capital Management, adding an estimated $22.8M. The largest seller was Oaktree Capital Management, cutting an estimated $2.99M.

  • 93 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q2 2020, down from 102 in Q1 2020.
  • Funds reported $204M of Eaton Vance Floating-Rate Income Trust stock for Q2 2020, up 19% quarter-over-quarter.
  • 6 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q2 2020 and 15 closed out, a net change of -9 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q2 2020 was Saba Capital Management, an estimated $22.8M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q2 2020 was Oaktree Capital Management, an estimated $2.99M sold.

Based on aggregated 13F filings for Q2 2020.