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EFT

Eaton Vance Floating-Rate Income Trust
EFT

77 hedge funds and large institutions have $206M invested in Eaton Vance Floating-Rate Income Trust in 2018 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 28 increasing their positions, 18 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 18

5% more capital invested

Capital invested by funds: $197M → $206M (+$9.06M)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

1.13% less ownership

Funds ownership: 33.29% → 32.16% (-1.1%)

14% less funds holding

Funds holding: 90 → 77 (-13)

67% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 18

Holders
77
Holders Change
-13
Holders Change %
-14.44%
% of All Funds
1.76%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
6
Increased
28
Reduced
18
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RCA
Restructuring Capital Associates
Connecticut
+$2.44M
2
Invesco
Invesco
Georgia
+$2.08M
3
SIA
Sit Investment Associates
Minnesota
+$2M
4
RVPG
Relative Value Partners Group
+$1.16M
5
Stifel Financial
Stifel Financial
Missouri
+$966K

Top Sellers

1
GWM
Geneos Wealth Management
Colorado
-$2.85M
2
WAM
Wolverine Asset Management
Illinois
-$2.29M
3
Cohen & Steers
Cohen & Steers
New York
-$1.45M
4
MIG
Mariner Investment Group
New York
-$1.17M
5
WCMNY
Westchester Capital Management (New York)
New York
-$1.13M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$27.5M +$785K +53,865 +3%
JP Morgan Chase
2
JP Morgan Chase
New York
$25.8M +$30.6K +2,101 +0.1%
RCA
3
Restructuring Capital Associates
Connecticut
$17.6M +$2.44M +167,086 +17%
Morgan Stanley
4
Morgan Stanley
New York
$17.4M +$870K +59,713 +5%
RVPG
5
Relative Value Partners Group
$12M +$1.16M +79,578 +11%
BAM
6
Burgundy Asset Management
Ontario, Canada
$11.6M – – –
GC
7
Guggenheim Capital
Illinois
$9.47M +$477K +32,729 +5%
ISSM
8
Invesco Senior Secured Management
New York
$8.5M – – –
Invesco
9
Invesco
Georgia
$8.47M +$2.08M +142,780 +34%
MHIC
10
Marble Harbor Investment Counsel
Massachusetts
$8.01M +$716K +49,110 +10%
AAM
11
Advisors Asset Management
Colorado
$6.08M +$35K +2,398 +0.6%
UBS Group
12
UBS Group
Switzerland
$5.32M -$258K -17,708 -5%
SAM
13
Symphony Asset Management
California
$5.29M – – –
IC
14
Intersect Capital
California
$5.18M -$251K -17,191 -5%
TAF
15
Tredje AP-fonden
Sweden
$4.14M -$17.5K -1,200 -2%
SIA
16
Sit Investment Associates
Minnesota
$3.79M +$2M +137,388 +118%
FWIA
17
Fort Washington Investment Advisors
Ohio
$3.56M – – –
CS
18
Comerica Securities
Michigan
$2.19M +$256K +17,560 +14%
AAMU
19
Amundi Asset Management US
Massachusetts
$1.94M – – –
Stifel Financial
20
Stifel Financial
Missouri
$1.87M +$966K +66,259 +112%
Loomis, Sayles & Company
21
Loomis, Sayles & Company
Massachusetts
$1.6M – – –
CWM
22
Circle Wealth Management
New Jersey
$1.49M +$13K +894 +0.9%
Cambridge Investment Research Advisors
23
Cambridge Investment Research Advisors
Iowa
$1.36M +$55.9K +3,835 +4%
UCFA
24
United Capital Financial Advisors
Texas
$1.26M -$166K -11,383 -12%
Wells Fargo
25
Wells Fargo
California
$1.21M +$255K +17,482 +28%
1
2 3 4

EFT Hedge Fund Activity: Q1 2018 in Review

77 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q1 2018, worth a combined $206M — up 4.6% from $197M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of EFT and 6 opened new positions — a net loss of 12 holders — while 18 trimmed existing stakes and 28 added.

The largest buyer was Restructuring Capital Associates, adding an estimated $2.44M. The largest seller was Geneos Wealth Management, exiting entirely with an estimated $2.85M sold.

  • 77 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q1 2018, down from 90 in Q4 2017.
  • Funds reported $206M of Eaton Vance Floating-Rate Income Trust stock for Q1 2018, up 4.6% quarter-over-quarter.
  • 6 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q1 2018 and 18 closed out, a net change of -12 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q1 2018 was Restructuring Capital Associates, an estimated $2.44M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q1 2018 was Geneos Wealth Management, an estimated $2.85M sold.

Based on aggregated 13F filings for Q1 2018.