First Trust Senior Floating Rate Income Fund II
FCT
32 hedge funds and large institutions have $62.4M invested in First Trust Senior Floating Rate Income Fund II in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 10 increasing their positions, 8 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
25% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 8
10% more funds holding
Funds holding: 29 → 32 (+3)
0.04% less ownership
Funds ownership: 16.38% → 16.34% (-0.04%)
1% less capital invested
Capital invested by funds: $63M → $62.4M (-$573K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.85M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.79M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$439K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$235K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$193K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$908K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$698K |
| 3 |
Morgan Stanley
New York
|
-$419K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$308K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$297K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $28K | +$14.9K | +972 | +101% |
|
|
DAM
27
Delta Asset Management
Memphis,
Tennessee
| $24K | – | – | – |
|
|
RIA
28
Regal Investment Advisors
Kentwood,
Michigan
| $24K | – | – | – |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| $16K | +$17K | +1,113 | New |
|
|
LTFS
30
Ladenburg Thalmann Financial Services
Miami,
Florida
| $11K | +$138 | +9 | +1% |
|
31
Ameriprise
Minneapolis,
Minnesota
| $6K | +$6.63K | +433 | New |
|
|
AIG
32
American International Group
New York
| $315 | – | – | – |
|
|
AAM
33
Advisors Asset Management
Monument,
Colorado
| – | -$698K | -46,099 | Closed |
|
|
SNC
34
Stifel Nicolaus & Co
St Louis,
Missouri
| – | -$168K | -11,085 | Closed |
|
35
Cohen & Steers
New York
| – | -$109K | -7,170 | Closed |
|
FCT Hedge Fund Activity: Q3 2013 in Review
32 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q3 2013, worth a combined $62.4M — down 0.91% from $63M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FCT positions and 3 closed out — a net gain of 3 holders — while 10 added to existing stakes and 8 trimmed.
The largest buyer was Bank of America, adding an estimated $2.85M. The largest seller was Guggenheim Capital, cutting an estimated $908K.
- 32 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q3 2013, up from 29 in Q2 2013.
- Funds reported $62.4M of First Trust Senior Floating Rate Income Fund II stock for Q3 2013, down 0.91% quarter-over-quarter.
- 6 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q3 2013 and 3 closed out, a net change of +3 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q3 2013 was Bank of America, an estimated $2.85M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q3 2013 was Guggenheim Capital, an estimated $908K sold.
Based on aggregated 13F filings for Q3 2013.