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FCT

First Trust Senior Floating Rate Income Fund II

44 hedge funds and large institutions have $66.8M invested in First Trust Senior Floating Rate Income Fund II in 2013 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 13 increasing their positions, 12 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

600% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 2

38% more funds holding

Funds holding: 3244 (+12)

7% more capital invested

Capital invested by funds: $62.4M → $66.8M (+$4.36M)

8% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 12

0.92% more ownership

Funds ownership: 16.34%17.26% (+0.92%)

Holders
44
Holders Change
+12
Holders Change %
+37.5%
% of All Funds
1.28%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
14
Increased
13
Reduced
12
Closed
2
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SFS
26
Shaker Financial Services
Virginia
$210K +$208K +14,455 New
UCFA
27
United Capital Financial Advisors
Texas
$191K +$7.92K +550 +4%
SRC
28
Shufro Rose & Co
New York
$191K +$21.6K +1,500 +13%
Barclays
29
Barclays
United Kingdom
$180K +$85.7K +5,957 +87%
Janney Montgomery Scott
30
Janney Montgomery Scott
Pennsylvania
$173K -$9.89K -687 -5%
WEC
31
Winslow Evans & Crocker
Massachusetts
$73K +$72K +5,000 New
TRCT
32
Tower Research Capital (TRC)
New York
$53K +$36.9K +2,567 +231%
AA
33
Apriem Advisors
California
$51K
CFN
34
Cordasco Financial Network
Florida
$46K +$46.1K +3,200 New
WRM
35
Westport Resources Management
Connecticut
$44K +$43.2K +3,000 New
RIA
36
Regal Investment Advisors
Michigan
$25K
Envestnet Asset Management
37
Envestnet Asset Management
Illinois
$22K +$21.6K +1,500 New
Ameriprise
38
Ameriprise
Minnesota
$19K +$12.3K +856 +198%
US Bancorp
39
US Bancorp
Minnesota
$15K +$14.4K +1,000 New
Bessemer Group
40
Bessemer Group
New Jersey
$7K +$7.2K +500 New
BIM
41
BlackRock Investment Management
Delaware
$5K +$4.74K +329 New
BNP Paribas Financial Markets
42
BNP Paribas Financial Markets
France
$4.35K +$4.32K +300 New
LTFS
43
Ladenburg Thalmann Financial Services
Florida
$3K -$8.33K -579 -77%
AIG
44
American International Group
New York
$319
VKH
45
Virtu KCG Holdings
New York
-$266K -18,560 Closed
DAM
46
Delta Asset Management
Tennessee
-$24K -1,700 Closed

FCT Hedge Fund Activity: Q4 2013 in Review

44 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q4 2013, worth a combined $66.8M — up 7% from $62.4M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new FCT positions and 2 closed out — a net gain of 12 holders — while 13 added to existing stakes and 12 trimmed.

The largest buyer was UBS, adding an estimated $2.26M. The largest seller was Bank of America, cutting an estimated $1.22M.

  • 44 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q4 2013, up from 32 in Q3 2013.
  • Funds reported $66.8M of First Trust Senior Floating Rate Income Fund II stock for Q4 2013, up 7% quarter-over-quarter.
  • 14 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q4 2013 and 2 closed out, a net change of +12 holders.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q4 2013 was UBS, an estimated $2.26M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q4 2013 was Bank of America, an estimated $1.22M sold.

Based on aggregated 13F filings for Q4 2013.