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EFT

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
71
Holders Change
+2
Holders Change %
+2.9%
% of All Funds
2.05%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
10
Increased
20
Reduced
20
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$13.6M
2
EWM
Edge Wealth Management
New York
+$2.44M
3
GC
Guggenheim Capital
Illinois
+$1.3M
4
OHA
Oak Hill Advisors
New York
+$1.22M
5
GLA
Great Lakes Advisors
Illinois
+$1.1M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$4.04M
2
PP
Paloma Partners
Connecticut
-$709K
3
SG Americas Securities
SG Americas Securities
New York
-$616K
4
Invesco
Invesco
Georgia
-$598K
5
WAM
Wolverine Asset Management
Illinois
-$415K
Name Holding Trade Value Shares
Change 		Change in
Stake
Baillie Gifford & Co
1
Baillie Gifford & Co
United Kingdom
$29.3M +$13.6M +876,767 +89%
Morgan Stanley
2
Morgan Stanley
New York
$13M -$98K -6,333 -0.8%
BAM
3
Burgundy Asset Management
Ontario, Canada
$10.6M – – –
Invesco
4
Invesco
Georgia
$9.2M -$598K -38,655 -6%
Bank of America
5
Bank of America
North Carolina
$8.4M +$884K +57,133 +12%
OHA
6
Oak Hill Advisors
New York
$6.16M +$1.22M +78,900 +25%
SAM
7
Symphony Asset Management
California
$5.55M – – –
GC
8
Guggenheim Capital
Illinois
$4.75M +$1.3M +83,699 +38%
JP Morgan Chase
9
JP Morgan Chase
New York
$4.31M – – –
1832 Asset Management
10
1832 Asset Management
Ontario, Canada
$3.92M +$774K +50,000 +25%
U
11
UBS
Switzerland
$3.49M +$389K +25,132 +13%
RCA
12
Restructuring Capital Associates
Connecticut
$3.24M +$55.1K +3,561 +2%
EWM
13
Edge Wealth Management
New York
$2.61M +$2.44M +157,945 +1,855%
TAM
14
Trust Asset Management
Texas
$2.45M +$2.41M +156,028 New
LPL Financial
15
LPL Financial
California
$2.02M -$60.8K -3,926 -3%
CS
16
Credit Suisse
Switzerland
$1.92M -$294K -19,013 -13%
Mirae Asset Global Investments
17
Mirae Asset Global Investments
South Korea
$1.81M – – –
ARC
18
Absolute Return Capital
Massachusetts
$1.59M -$97.1K -6,273 -6%
BlackRock
19
BlackRock
New York
$1.57M – – –
HK
20
Horizon Kinetics
New York
$1.54M – – –
BB
21
Bell Bank
North Dakota
$1.47M -$146K -9,415 -9%
RPA
22
Rock Point Advisors
Vermont
$1.4M +$93.8K +6,060 +7%
CA
23
Cornerstone Advisors
North Carolina
$1.33M +$867K +56,047 +195%
Royal Bank of Canada
24
Royal Bank of Canada
Ontario, Canada
$1.32M +$29.1K +1,880 +2%
CIA
25
Capital Investment Advisors
Georgia
$1.15M -$25.5K -1,650 -2%
1
2 3 4

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.