Eaton Vance Floating-Rate Income Trust
EFT
93 hedge funds and large institutions have $204M invested in Eaton Vance Floating-Rate Income Trust in 2020 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 37 reducing their positions, and 15 closing their positions.
19% more capital invested
Capital invested by funds: $171M → $204M (+$33.3M)
3.67% more ownership
Funds ownership: 41.3% → 44.97% (+3.7%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
9% less funds holding
Funds holding: 102 → 93 (-9)
43% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 37
60% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$22.8M |
| 2 |
Morgan Stanley
New York
|
+$2.55M |
| 3 |
Rockefeller Capital Management
New York
|
+$1.33M |
| 4 |
LC
Lindbrook Capital
Calabasas,
California
|
+$1.19M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$748K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
-$2.99M |
| 2 |
TAF
Tredje AP-fonden
Se-111 91 Stockholm,
Sweden
|
-$2.38M |
| 3 |
RVPG
Relative Value Partners Group
|
-$1.55M |
| 4 |
VEA
Virtus ETF Advisers
New York
|
-$1.49M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$1.42M |
EFT Hedge Fund Activity: Q2 2020 in Review
93 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q2 2020, worth a combined $204M — up 19% from $171M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of EFT and 6 opened new positions — a net loss of 9 holders — while 37 trimmed existing stakes and 21 added.
The largest buyer was Saba Capital Management, adding an estimated $22.8M. The largest seller was Oaktree Capital Management, cutting an estimated $2.99M.
- 93 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q2 2020, down from 102 in Q1 2020.
- Funds reported $204M of Eaton Vance Floating-Rate Income Trust stock for Q2 2020, up 19% quarter-over-quarter.
- 6 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q2 2020 and 15 closed out, a net change of -9 holders.
- The largest Eaton Vance Floating-Rate Income Trust buyer in Q2 2020 was Saba Capital Management, an estimated $22.8M added.
- The largest Eaton Vance Floating-Rate Income Trust seller in Q2 2020 was Oaktree Capital Management, an estimated $2.99M sold.
Based on aggregated 13F filings for Q2 2020.