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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$29.9M |
| 2 |
EIM
Elliott Investment Management
West Palm Beach,
Florida
|
+$14.1M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.34M |
| 4 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$2.21M |
| 5 |
OHA
Oak Hill Advisors
New York
|
+$1.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$15M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.4M |
| 3 |
Morgan Stanley
New York
|
-$3.83M |
| 4 |
Goldman Sachs
New York
|
-$3.25M |
| 5 |
RVPG
Relative Value Partners Group
|
-$2.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DI
101
Diligent Investors
Redlands,
California
| – | -$253K | -21,300 | Closed |
|
|
AAS
102
Avantax Advisory Services
Dallas,
Texas
| – | -$178K | -15,097 | Closed |
|
|
WAM
103
Wolverine Asset Management
Chicago,
Illinois
| – | -$13K | -1,131 | Closed |
|
|
FHA
104
Flagship Harbor Advisors
Boston,
Massachusetts
| – | -$11K | -1,000 | Closed |
|
105
Barclays
London,
United Kingdom
| – | -$9K | -684 | Closed |
|
106
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$6K | -500 | Closed |
|
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.