First Trust Senior Floating Rate Income Fund II
FCT
43 hedge funds and large institutions have $69.4M invested in First Trust Senior Floating Rate Income Fund II in 2014 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 16 reducing their positions, and 5 closing their positions.
0.32% less ownership
Funds ownership: 18.53% → 18.2% (-0.32%)
3% less capital invested
Capital invested by funds: $71.4M → $69.4M (-$2.08M)
4% less funds holding
Funds holding: 45 → 43 (-2)
19% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 16
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$1.17M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
+$660K |
| 3 |
GI
Gradient Investments
Arden Hills,
Minnesota
|
+$546K |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$519K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$512K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BF
BOK Financial
Tulsa,
Oklahoma
|
-$1.54M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.26M |
| 3 |
ARC
Absolute Return Capital
Boston,
Massachusetts
|
-$1.05M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$976K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$305K |
FCT Hedge Fund Activity: Q2 2014 in Review
43 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q2 2014, worth a combined $69.4M — down 2.9% from $71.4M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FCT and 3 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 13 added.
The largest buyer was Cornerstone Advisors, adding an estimated $1.17M. The largest seller was BOK Financial, cutting an estimated $1.54M.
- 43 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q2 2014, down from 45 in Q1 2014.
- Funds reported $69.4M of First Trust Senior Floating Rate Income Fund II stock for Q2 2014, down 2.9% quarter-over-quarter.
- 3 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q2 2014 and 5 closed out, a net change of -2 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q2 2014 was Cornerstone Advisors, an estimated $1.17M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q2 2014 was BOK Financial, an estimated $1.54M sold.
Based on aggregated 13F filings for Q2 2014.