First Trust Senior Floating Rate Income Fund II
FCT
FCT was delisted on the 7th of August, 2026.
63 hedge funds and large institutions have $101M invested in First Trust Senior Floating Rate Income Fund II in 2021 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 25 increasing their positions, 19 reducing their positions, and 10 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 19
6.47% less ownership
Funds ownership: 37.47% → 31% (-6.5%)
7% less funds holding
Funds holding: 68 → 63 (-5)
12% less capital invested
Capital invested by funds: $116M → $101M (-$14.3M)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.25M |
| 2 |
LPL Financial
San Diego,
California
|
+$2.87M |
| 3 |
Jane Street
New York
|
+$2.16M |
| 4 |
EIA
Edgemoor Investment Advisors
Bethesda,
Maryland
|
+$490K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$338K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$16M |
| 2 |
GI
Gradient Investments
Arden Hills,
Minnesota
|
-$6.1M |
| 3 |
RVPG
Relative Value Partners Group
|
-$3.63M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$801K |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$781K |
FCT Hedge Fund Activity: Q1 2021 in Review
63 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q1 2021, worth a combined $101M — down 12% from $116M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of FCT and 5 opened new positions — a net loss of 5 holders — while 19 trimmed existing stakes and 25 added.
The largest buyer was Morgan Stanley, adding an estimated $3.25M. The largest seller was Saba Capital Management, exiting entirely with an estimated $16M sold.
- 63 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q1 2021, down from 68 in Q4 2020.
- Funds reported $101M of First Trust Senior Floating Rate Income Fund II stock for Q1 2021, down 12% quarter-over-quarter.
- 5 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q1 2021 and 10 closed out, a net change of -5 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q1 2021 was Morgan Stanley, an estimated $3.25M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q1 2021 was Saba Capital Management, an estimated $16M sold.
Based on aggregated 13F filings for Q1 2021.