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EFT

Eaton Vance Floating-Rate Income Trust
EFT

97 hedge funds and large institutions have $172M invested in Eaton Vance Floating-Rate Income Trust in 2018 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 25 increasing their positions, 26 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

85% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 13

11% more funds holding

Funds holding: 87 → 97 (+10)

4.02% more ownership

Funds ownership: 29.64% → 33.66% (+4%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

4% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 26

10% less capital invested

Capital invested by funds: $191M → $172M (-$19.9M)

Holders
97
Holders Change
+10
Holders Change %
+11.49%
% of All Funds
2.16%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
24
Increased
25
Reduced
26
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$7.12M
2
O
OppenheimerFunds
New York
+$5.45M
3
Goldman Sachs
Goldman Sachs
New York
+$4.68M
4
CRC
Curi RMB Capital
Illinois
+$1.88M
5
RVPG
Relative Value Partners Group
+$1.86M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$4.05M
2
CS
Comerica Securities
Michigan
-$2.85M
3
Morgan Stanley
Morgan Stanley
New York
-$2.47M
4
CWM
Cornerstone Wealth Management
Missouri
-$2.1M
5
GC
Guggenheim Capital
Illinois
-$1.56M
Name Holding Trade Value Shares
Change 		Change in
Stake
JP Morgan Chase
1
JP Morgan Chase
New York
$21.8M +$115K +8,404 +0.5%
Bank of America
2
Bank of America
North Carolina
$21.8M -$4.05M -296,965 -15%
Morgan Stanley
3
Morgan Stanley
New York
$12M -$2.47M -181,152 -16%
BAM
4
Burgundy Asset Management
Ontario, Canada
$9.85M – – –
RVPG
5
Relative Value Partners Group
$8.06M +$1.86M +136,182 +27%
ISSM
6
Invesco Senior Secured Management
New York
$7.32M – – –
Invesco
7
Invesco
Georgia
$7.29M +$1.08M +78,895 +16%
RCM
8
Rivernorth Capital Management
Florida
$6.6M +$7.12M +521,958 New
GC
9
Guggenheim Capital
Illinois
$6.19M -$1.56M -114,286 -19%
MHIC
10
Marble Harbor Investment Counsel
Massachusetts
$5.83M -$1.35M -98,986 -18%
O
11
OppenheimerFunds
New York
$5.06M +$5.45M +400,000 New
IC
12
Intersect Capital
California
$4.48M -$501K -36,750 -9%
SAM
13
Symphony Asset Management
California
$4.48M – – –
Goldman Sachs
14
Goldman Sachs
New York
$4.35M +$4.68M +343,342 New
UBS Group
15
UBS Group
Switzerland
$4.31M -$109K -7,975 -2%
TAF
16
Tredje AP-fonden
Sweden
$3.86M +$183K +13,418 +31%
AAM
17
Advisors Asset Management
Colorado
$2.6M -$1.17M -85,836 -30%
LC
18
Lindbrook Capital
California
$1.99M +$2.14M +156,933 New
CWM
19
Circle Wealth Management
New Jersey
$1.97M +$251K +18,403 +13%
WCMNY
20
Westchester Capital Management (New York)
New York
$1.86M +$928K +68,047 +86%
CRC
21
Curi RMB Capital
Illinois
$1.75M +$1.88M +138,149 New
WAM
22
Wolverine Asset Management
Illinois
$1.72M +$1.85M +135,503 +67,752%
SCM
23
Saba Capital Management
New York
$1.64M +$1.77M +129,840 New
Stifel Financial
24
Stifel Financial
Missouri
$1.23M -$719K -52,769 -35%
LCM
25
Landscape Capital Management
New Jersey
$1.15M +$1.24M +90,727 New
1
2 3 4 5

EFT Hedge Fund Activity: Q4 2018 in Review

97 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q4 2018, worth a combined $172M — down 10% from $191M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new EFT positions and 13 closed out — a net gain of 11 holders — while 25 added to existing stakes and 26 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $7.12M. The largest seller was Bank of America, cutting an estimated $4.05M.

  • 97 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q4 2018, up from 87 in Q3 2018.
  • Funds reported $172M of Eaton Vance Floating-Rate Income Trust stock for Q4 2018, down 10% quarter-over-quarter.
  • 24 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q4 2018 and 13 closed out, a net change of +11 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q4 2018 was Rivernorth Capital Management, an estimated $7.12M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q4 2018 was Bank of America, an estimated $4.05M sold.

Based on aggregated 13F filings for Q4 2018.