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FCT

First Trust Senior Floating Rate Income Fund II
FCT

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.

New
Increased
Maintained
Reduced
Closed

10% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 10

2.59% less ownership

Funds ownership: 36.85% → 34.26% (-2.6%)

3% less funds holding

Funds holding: 88 → 85 (-3)

11% less capital invested

Capital invested by funds: $96.4M → $85.8M (-$10.6M)

35% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 31

Holders
85
Holders Change
-3
Holders Change %
-3.41%
% of All Funds
1.05%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
20
Reduced
31
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AC
Almitas Capital
California
+$2.91M
2
HC
Hourglass Capital
Texas
+$1.12M
3
IAA
Independent Advisor Alliance
North Carolina
+$1.09M
4
Raymond James Financial
Raymond James Financial
Florida
+$611K
5
Stifel Financial
Stifel Financial
Missouri
+$280K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$2.6M
2
Morgan Stanley
Morgan Stanley
New York
-$2.22M
3
IA
IFP Advisors
Florida
-$1.67M
4
WAM
Wolverine Asset Management
Illinois
-$962K
5
Invesco
Invesco
Georgia
-$881K
Name Holding Trade Value Shares
Change 		Change in
Stake
Baird Financial Group
26
Baird Financial Group
Wisconsin
$666K +$5.63K +570 +0.8%
Janney Montgomery Scott
27
Janney Montgomery Scott
Pennsylvania
$645K – – –
Cetera Investment Advisers
28
Cetera Investment Advisers
Illinois
$633K +$22.6K +2,288 +4%
Osaic Holdings
29
Osaic Holdings
Arizona
$550K +$180K +18,190 +47%
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$548K +$29.7K +3,006 +6%
IAIM
31
International Assets Investment Management
Florida
$504K +$89.9K +9,100 +21%
VIA
32
Virtus Investment Advisers
Connecticut
$497K -$142K -14,350 -22%
YCM
33
Yakira Capital Management
Connecticut
$470K -$10.1K -1,027 -2%
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$466K -$25.4K -2,567 -5%
Rockefeller Capital Management
35
Rockefeller Capital Management
New York
$462K -$11.9K -1,204 -2%
GFG
36
Genesis Financial Group
New Jersey
$416K +$14.9K +1,507 +4%
EAM
37
Everstar Asset Management
North Carolina
$391K – – –
GWM
38
Geneos Wealth Management
Colorado
$331K -$2.27K -230 -0.7%
SFC
39
Strategic Financial Concepts
Texas
$254K +$261K +26,400 New
Carson Wealth (CWM LLC)
40
Carson Wealth (CWM LLC)
Nebraska
$254K +$48.8K +4,943 +23%
CI
41
CX Institutional
Indiana
$231K +$2.61K +264 +1%
RA
42
RFG Advisory
Alabama
$224K -$668K -67,621 -74%
EFG
43
Ethos Financial Group
Pennsylvania
$216K – – –
AA
44
Apriem Advisors
California
$202K – – –
UPS
45
UHLMANN PRICE SECURITIES
Illinois
$195K +$5.71K +578 +3%
SWM
46
SeaCrest Wealth Management
New York
$175K -$7.07K -716 -4%
WMG
47
WESCAP Management Group
California
$175K – – –
KAS
48
Kestra Advisory Services
Texas
$174K -$25.3K -2,557 -12%
S
49
Sunpointe
Missouri
$171K – – –
CL
50
CSS LLC
Illinois
$170K – – –
1
2
3 4

FCT Hedge Fund Activity: Q1 2026 in Review

85 of the 8,126 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 $96.4M 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.