First Trust Senior Floating Rate Income Fund II
FCT
FCT was delisted on the 7th of August, 2026.
85 hedge funds and large institutions have $85.8M invested in First Trust Senior Floating Rate Income Fund II in 2026 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 20 increasing their positions, 31 reducing their positions, and 10 closing their positions.
10% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 10
2.54% less ownership
Funds ownership: 36.8% → 34.26% (-2.5%)
3% less funds holding
Funds holding: 88 → 85 (-3)
11% less capital invested
Capital invested by funds: $96.3M → $85.8M (-$10.5M)
35% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Almitas Capital
Santa Monica,
California
|
+$2.91M |
| 2 |
HC
Hourglass Capital
Houston,
Texas
|
+$1.12M |
| 3 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$1.09M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$611K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$280K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.6M |
| 2 |
Morgan Stanley
New York
|
-$2.22M |
| 3 |
IA
IFP Advisors
Tampa,
Florida
|
-$1.67M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$962K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$881K |
FCT Hedge Fund Activity: Q1 2026 in Review
85 of the 8,206 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q1 2026, worth a combined $85.8M — down 11% from $96.3M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FCT positions and 10 closed out — a net gain of 1 holder — while 20 added to existing stakes and 31 trimmed.
The largest buyer was Almitas Capital, adding an estimated $2.91M. The largest seller was Sit Investment Associates, cutting an estimated $2.6M.
- 85 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q1 2026, down from 88 in Q4 2025.
- Funds reported $85.8M of First Trust Senior Floating Rate Income Fund II stock for Q1 2026, down 11% quarter-over-quarter.
- 11 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q1 2026 and 10 closed out, a net change of +1 holder.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q1 2026 was Almitas Capital, an estimated $2.91M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q1 2026 was Sit Investment Associates, an estimated $2.6M sold.
Based on aggregated 13F filings for Q1 2026.