First Trust Senior Floating Rate Income Fund II
FCT
FCT was delisted on the 7th of August, 2026.
64 hedge funds and large institutions have $129M invested in First Trust Senior Floating Rate Income Fund II in 2020 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 21 reducing their positions, and 11 closing their positions.
17% more capital invested
Capital invested by funds: $110M → $129M (+$18.6M)
5% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 21
0.93% more ownership
Funds ownership: 43.25% → 44.18% (+0.93%)
7% less funds holding
Funds holding: 69 → 64 (-5)
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
Gradient Investments
Arden Hills,
Minnesota
|
+$4.66M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.72M |
| 3 |
SCM
Saba Capital Management
New York
|
+$1.31M |
| 4 |
Morgan Stanley
New York
|
+$1.11M |
| 5 |
MC
Matisse Capital
Portland,
Oregon
|
+$784K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$3.53M |
| 2 |
VEA
Virtus ETF Advisers
New York
|
-$1.57M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.14M |
| 4 |
RVPG
Relative Value Partners Group
|
-$805K |
| 5 |
6M
6 Meridian
Wichita,
Kansas
|
-$432K |
FCT Hedge Fund Activity: Q2 2020 in Review
64 of the 4,889 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q2 2020, worth a combined $129M — up 17% from $110M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of FCT and 6 opened new positions — a net loss of 5 holders — while 21 trimmed existing stakes and 22 added.
The largest buyer was Gradient Investments, adding an estimated $4.66M. The largest seller was Bank of America, cutting an estimated $3.53M.
- 64 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q2 2020, down from 69 in Q1 2020.
- Funds reported $129M of First Trust Senior Floating Rate Income Fund II stock for Q2 2020, up 17% quarter-over-quarter.
- 6 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q2 2020 and 11 closed out, a net change of -5 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q2 2020 was Gradient Investments, an estimated $4.66M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q2 2020 was Bank of America, an estimated $3.53M sold.
Based on aggregated 13F filings for Q2 2020.