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EFT

Eaton Vance Floating-Rate Income Trust
EFT

96 hedge funds and large institutions have $256M invested in Eaton Vance Floating-Rate Income Trust in 2020 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 20 increasing their positions, 35 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more funds holding in top 10

Funds holding in top 10: 3 → 5 (+2)

60% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 10

18% more capital invested

Capital invested by funds: $217M → $256M (+$39.1M)

7% more funds holding

Funds holding: 90 → 96 (+6)

2.92% more ownership

Funds ownership: 45.86% → 48.78% (+2.9%)

43% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 35

Holders
96
Holders Change
+6
Holders Change %
+6.67%
% of All Funds
1.7%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.09%
New
16
Increased
20
Reduced
35
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SCM
Saba Capital Management
New York
+$29.9M
2
EIM
Elliott Investment Management
Florida
+$14.1M
3
SIA
Sit Investment Associates
Minnesota
+$2.34M
4
IA
Icon Advisers
Colorado
+$2.21M
5
OHA
Oak Hill Advisors
New York
+$1.61M

Top Sellers

1
JP Morgan Chase
JP Morgan Chase
New York
-$15M
2
RCM
Rivernorth Capital Management
Florida
-$6.4M
3
Morgan Stanley
Morgan Stanley
New York
-$3.83M
4
Goldman Sachs
Goldman Sachs
New York
-$3.25M
5
RVPG
Relative Value Partners Group
-$2.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
SCM
1
Saba Capital Management
New York
$80.2M +$29.9M +2,317,202 +61%
Morgan Stanley
2
Morgan Stanley
New York
$14.3M -$3.83M -296,732 -21%
EIM
3
Elliott Investment Management
Florida
$14.3M +$14.1M +1,088,307 New
OHA
4
Oak Hill Advisors
New York
$12.5M +$1.61M +124,357 +15%
LC
5
Lindbrook Capital
California
$12.5M -$11.5K -891 -0.1%
BAM
6
Burgundy Asset Management
Ontario, Canada
$11.5M – – –
Bank of America
7
Bank of America
North Carolina
$11.5M -$493K -38,123 -4%
RJA
8
Raymond James & Associates
Florida
$7.57M +$206K +15,909 +3%
ISSM
9
Invesco Senior Secured Management
New York
$7.51M – – –
Invesco
10
Invesco
Georgia
$7.28M -$1.21M -93,663 -14%
PCM
11
Penserra Capital Management
California
$6.62M +$456K +35,259 +8%
MHIC
12
Marble Harbor Investment Counsel
Massachusetts
$6.56M -$18.7K -1,450 -0.3%
UBS Group
13
UBS Group
Switzerland
$5.38M -$48.8K -3,779 -0.9%
N
14
Nuveen
North Carolina
$4.65M – – –
IC
15
Intersect Capital
California
$3.56M -$135K -10,483 -4%
AAM
16
Advisors Asset Management
Colorado
$3.56M +$124K +9,566 +4%
RVPG
17
Relative Value Partners Group
$3.43M -$2.9M -224,588 -46%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$2.54M -$2.07M -160,056 -45%
SIA
19
Sit Investment Associates
Minnesota
$2.39M +$2.34M +181,484 New
NCM
20
Next Capital Management
New York
$2.27M +$83.1K +6,433 +4%
IA
21
Icon Advisers
Colorado
$2.25M +$2.21M +171,188 New
MIG
22
Mariner Investment Group
New York
$1.97M +$1.21M +93,904 +167%
Envestnet Asset Management
23
Envestnet Asset Management
Illinois
$1.87M +$502K +38,850 +38%
GC
24
Guggenheim Capital
Illinois
$1.78M -$498K -38,560 -22%
AFM
25
Andesa Financial Management
Pennsylvania
$1.69M -$1.11M -86,087 -40%
1
2 3 4 5

EFT Hedge Fund Activity: Q4 2020 in Review

96 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q4 2020, worth a combined $256M — up 18% from $217M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new EFT positions and 10 closed out — a net gain of 6 holders — while 20 added to existing stakes and 35 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $29.9M. The largest seller was JP Morgan Chase, cutting an estimated $15M.

  • 96 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q4 2020, up from 90 in Q3 2020.
  • Funds reported $256M of Eaton Vance Floating-Rate Income Trust stock for Q4 2020, up 18% quarter-over-quarter.
  • 16 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q4 2020 and 10 closed out, a net change of +6 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q4 2020 was Saba Capital Management, an estimated $29.9M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q4 2020 was JP Morgan Chase, an estimated $15M sold.

Based on aggregated 13F filings for Q4 2020.