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EFT

Eaton Vance Floating-Rate Income Trust
EFT

102 hedge funds and large institutions have $171M invested in Eaton Vance Floating-Rate Income Trust in 2020 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 30 increasing their positions, 39 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

2.01% less ownership

Funds ownership: 43.32% → 41.3% (-2%)

12% less funds holding

Funds holding: 116 → 102 (-14)

23% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 39

29% less capital invested

Capital invested by funds: $239M → $171M (-$68.4M)

55% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 20

Holders
102
Holders Change
-14
Holders Change %
-12.07%
% of All Funds
2.25%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
9
Increased
30
Reduced
39
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
OCM
Oaktree Capital Management
California
+$7.29M
2
OHA
Oak Hill Advisors
New York
+$4.58M
3
LC
Lindbrook Capital
California
+$3.94M
4
AAM
Advisors Asset Management
Colorado
+$1.4M
5
BAM
Burgundy Asset Management
Ontario, Canada
+$1.24M

Top Sellers

1
SCM
Saba Capital Management
New York
-$6.66M
2
RCM
Rivernorth Capital Management
Florida
-$3.78M
3
Millennium Management
Millennium Management
New York
-$2.93M
4
MC
Matisse Capital
Oregon
-$1.97M
5
CS
Comerica Securities
Michigan
-$1.91M
Name Holding Trade Value Shares
Change 		Change in
Stake
SCM
1
Saba Capital Management
New York
$17.9M -$6.66M -521,155 -23%
JP Morgan Chase
2
JP Morgan Chase
New York
$12.9M +$7.38K +577 +0%
Morgan Stanley
3
Morgan Stanley
New York
$10.4M +$458K +35,798 +4%
Bank of America
4
Bank of America
North Carolina
$9.92M -$1.88M -146,717 -13%
BAM
5
Burgundy Asset Management
Ontario, Canada
$8.97M +$1.24M +97,033 +12%
LC
6
Lindbrook Capital
California
$8.63M +$3.94M +307,956 +58%
Invesco
7
Invesco
Georgia
$7.18M +$68.8K +5,379 +0.8%
RVPG
8
Relative Value Partners Group
$6.42M -$1.21M -94,887 -13%
MHIC
9
Marble Harbor Investment Counsel
Massachusetts
$6.09M +$548K +42,900 +8%
OCM
10
Oaktree Capital Management
California
$5.84M +$7.29M +570,000 New
ISSM
11
Invesco Senior Secured Management
New York
$5.72M – – –
RCM
12
Rivernorth Capital Management
Florida
$4.69M -$3.78M -295,713 -39%
PCM
13
Penserra Capital Management
California
$4.58M -$95K -7,429 -2%
RJA
14
Raymond James & Associates
Florida
$4.56M +$320K +25,042 +6%
UBS Group
15
UBS Group
Switzerland
$4.4M -$336K -26,301 -6%
OHA
16
Oak Hill Advisors
New York
$3.67M +$4.58M +358,420 New
SAM
17
Symphony Asset Management
California
$3.63M – – –
AAM
18
Advisors Asset Management
Colorado
$3.44M +$1.4M +109,148 +51%
IC
19
Intersect Capital
California
$2.93M -$112K -8,798 -3%
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$2.9M +$1.05M +81,914 +41%
GC
21
Guggenheim Capital
Illinois
$2.84M -$202K -15,829 -5%
Goldman Sachs
22
Goldman Sachs
New York
$2.8M -$1.17M -91,840 -25%
TAF
23
Tredje AP-fonden
Sweden
$2.38M -$31K -2,427 -7%
CWM
24
Circle Wealth Management
New Jersey
$2.24M -$359K -28,055 -11%
Stifel Financial
25
Stifel Financial
Missouri
$1.93M -$502K -39,263 -17%
1
2 3 4 5

EFT Hedge Fund Activity: Q1 2020 in Review

102 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q1 2020, worth a combined $171M — down 29% from $239M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of EFT and 9 opened new positions — a net loss of 11 holders — while 39 trimmed existing stakes and 30 added.

The largest buyer was Oaktree Capital Management, opening a new position worth an estimated $7.29M. The largest seller was Saba Capital Management, cutting an estimated $6.66M.

  • 102 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q1 2020, down from 116 in Q4 2019.
  • Funds reported $171M of Eaton Vance Floating-Rate Income Trust stock for Q1 2020, down 29% quarter-over-quarter.
  • 9 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q1 2020 and 20 closed out, a net change of -11 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q1 2020 was Oaktree Capital Management, an estimated $7.29M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q1 2020 was Saba Capital Management, an estimated $6.66M sold.

Based on aggregated 13F filings for Q1 2020.