First Trust North American Energy Infrastructure Fund
EMLP
54 hedge funds and large institutions have $248M invested in First Trust North American Energy Infrastructure Fund in 2014 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 26 increasing their positions, 18 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
44% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 18
8% more capital invested
Capital invested by funds: $229M → $248M (+$19.1M)
8% more funds holding
Funds holding: 50 → 54 (+4)
0.05% less ownership
Funds ownership: 50.98% → 50.94% (-0.05%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$14.1M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$2.44M |
| 3 |
RIA
Regal Investment Advisors
Kentwood,
Michigan
|
+$594K |
| 4 |
LPL Financial
San Diego,
California
|
+$555K |
| 5 |
MBT
Montecito Bank & Trust
Santa Barbara,
California
|
+$424K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
Beaumont Financial Advisors
Needham,
Massachusetts
|
-$2.02M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.72M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.54M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.15M |
| 5 |
SCA
Salient Capital Advisors
Houston,
Texas
|
-$1.03M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Ameriprise
Minneapolis,
Minnesota
| $13K | -$329K | -13,878 | -96% |
|
52
US Bancorp
Minneapolis,
Minnesota
| $12K | – | – | – |
|
|
MFS
53
MSI Financial Services
Springfield,
Massachusetts
| $8K | +$3.2K | +135 | +68% |
|
|
AC
54
Alexandria Capital
Arlington,
Virginia
| $3K | – | – | – |
|
|
SCA
55
Salient Capital Advisors
Houston,
Texas
| – | -$1.03M | -43,668 | Closed |
|
56
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$4K | -155 | Closed |
|
|
FA
57
Financial Advantage
Columbia,
Maryland
| – | -$2K | -100 | Closed |
|
EMLP Hedge Fund Activity: Q1 2014 in Review
54 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in First Trust North American Energy Infrastructure Fund (EMLP) for Q1 2014, worth a combined $248M — up 8.3% from $229M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new EMLP positions and 3 closed out — a net gain of 4 holders — while 26 added to existing stakes and 18 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $14.1M. The largest seller was Beaumont Financial Advisors, cutting an estimated $2.02M.
- 54 institutional investors held First Trust North American Energy Infrastructure Fund (EMLP) as of Q1 2014, up from 50 in Q4 2013.
- Funds reported $248M of First Trust North American Energy Infrastructure Fund stock for Q1 2014, up 8.3% quarter-over-quarter.
- 7 funds opened new First Trust North American Energy Infrastructure Fund positions in Q1 2014 and 3 closed out, a net change of +4 holders.
- The largest First Trust North American Energy Infrastructure Fund buyer in Q1 2014 was Morgan Stanley, an estimated $14.1M added.
- The largest First Trust North American Energy Infrastructure Fund seller in Q1 2014 was Beaumont Financial Advisors, an estimated $2.02M sold.
Based on aggregated 13F filings for Q1 2014.