Eaton Vance Floating-Rate Income Trust
EFT
86 hedge funds and large institutions have $265M invested in Eaton Vance Floating-Rate Income Trust in 2021 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 28 increasing their positions, 17 reducing their positions, and 16 closing their positions.
65% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 17
0% less capital invested
Capital invested by funds: $265M → $265M (-$71.7K)
0.99% less ownership
Funds ownership: 46.78% → 45.79% (-0.99%)
7% less funds holding
Funds holding: 92 → 86 (-6)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
38% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$23.4M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$3.1M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$2.96M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.41M |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$843K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LC
Lindbrook Capital
Calabasas,
California
|
-$13.4M |
| 2 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
-$12.3M |
| 3 |
EIM
Elliott Investment Management
West Palm Beach,
Florida
|
-$5.03M |
| 4 |
NCM
Next Capital Management
New York
|
-$2.43M |
| 5 |
RVPG
Relative Value Partners Group
|
-$2.41M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EFSCE
101
Enterprise Financial Services Corp (EFSC)
Clayton,
Missouri
| – | -$5K | -345 | Closed |
|
102
Fidelity Investments
Boston,
Massachusetts
| – | +$14 | +1 | New |
|
EFT Hedge Fund Activity: Q2 2021 in Review
86 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q2 2021, worth a combined $265M — down 0.03% from $265M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of EFT and 10 opened new positions — a net loss of 6 holders — while 17 trimmed existing stakes and 28 added.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $23.4M. The largest seller was Lindbrook Capital, cutting an estimated $13.4M.
- 86 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q2 2021, down from 92 in Q1 2021.
- Funds reported $265M of Eaton Vance Floating-Rate Income Trust stock for Q2 2021, down 0.03% quarter-over-quarter.
- 10 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q2 2021 and 16 closed out, a net change of -6 holders.
- The largest Eaton Vance Floating-Rate Income Trust buyer in Q2 2021 was Rivernorth Capital Management, an estimated $23.4M added.
- The largest Eaton Vance Floating-Rate Income Trust seller in Q2 2021 was Lindbrook Capital, an estimated $13.4M sold.
Based on aggregated 13F filings for Q2 2021.