We are live on ! Find out more
FCT

First Trust Senior Floating Rate Income Fund II
FCT

44 hedge funds and large institutions have $71.9M invested in First Trust Senior Floating Rate Income Fund II in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 4

10% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 10

2% more funds holding

Funds holding: 43 → 44 (+1)

1.44% more ownership

Funds ownership: 18.2% → 19.64% (+1.4%)

4% more capital invested

Capital invested by funds: $69.4M → $71.9M (+$2.53M)

Holders
44
Holders Change
+1
Holders Change %
+2.33%
% of All Funds
1.28%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
5
Increased
11
Reduced
10
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BCC
Bain Capital Credit
Massachusetts
+$4.83M
2
Bank of America
Bank of America
North Carolina
+$908K
3
GI
Gradient Investments
Minnesota
+$620K
4
Morgan Stanley
Morgan Stanley
New York
+$484K
5
RVP
Relative Value Partners
Illinois
+$369K

Top Sellers

Rank Fund Capital Flow
1
U
UBS
Switzerland
-$758K
2
MIG
Mariner Investment Group
New York
-$657K
3
RIL
Rothschild Investment LLC
Illinois
-$486K
4
DA
Doliver Advisors
Texas
-$411K
5
RJA
Raymond James & Associates
Florida
-$337K
Name Holding Trade Value Shares
Change 		Change in
Stake
Janney Montgomery Scott
26
Janney Montgomery Scott
Pennsylvania
$186K -$373 -27 -0.2%
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$183K -$65.9K -4,771 -26%
IT
28
Independence Trust
Tennessee
$171K +$174K +12,599 New
SRC
29
Shufro Rose & Co
New York
$158K – – –
UCFA
30
United Capital Financial Advisors
Texas
$137K +$140K +10,140 New
Ameriprise
31
Ameriprise
Minnesota
$79K +$5.57K +403 +8%
LTFS
32
Ladenburg Thalmann Financial Services
Florida
$77K – – –
BF
33
BOK Financial
Oklahoma
$54K +$49.2K +3,560 +840%
CFN
34
Cordasco Financial Network
Florida
$43K – – –
WRM
35
Westport Resources Management
Connecticut
$41K – – –
NFG
36
Next Financial Group
Texas
$40K – – –
WCMNY
37
Westchester Capital Management (New York)
New York
$38K – – –
FCCM
38
First City Capital Management
Georgia
$24.1K – – –
RIA
39
Regal Investment Advisors
Michigan
$23K – – –
AllianceBernstein
40
AllianceBernstein
Tennessee
$16K – – –
AA
41
Apriem Advisors
California
$14K – – –
Citigroup
42
Citigroup
New York
$6K -$64.5K -4,668 -91%
BNP Paribas Financial Markets
43
BNP Paribas Financial Markets
France
$4.07K – – –
OCM
44
One Capital Management
California
$2K +$2.27K +164 New
AIG
45
American International Group
New York
$298 – – –
MIG
46
Mariner Investment Group
New York
– -$657K -45,984 Closed
RIL
47
Rothschild Investment LLC
Illinois
– -$486K -34,000 Closed
US Bancorp
48
US Bancorp
Minnesota
– -$14K -1,000 Closed
TRCT
49
Tower Research Capital (TRC)
New York
– -$5K -340 Closed
1
2

FCT Hedge Fund Activity: Q3 2014 in Review

44 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q3 2014, worth a combined $71.9M — up 3.6% from $69.4M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new FCT positions and 4 closed out — a net gain of 1 holder — while 11 added to existing stakes and 10 trimmed.

The largest buyer was Bain Capital Credit, opening a new position worth an estimated $4.83M. The largest seller was UBS, cutting an estimated $758K.

  • 44 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q3 2014, up from 43 in Q2 2014.
  • Funds reported $71.9M of First Trust Senior Floating Rate Income Fund II stock for Q3 2014, up 3.6% quarter-over-quarter.
  • 5 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q3 2014 and 4 closed out, a net change of +1 holder.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q3 2014 was Bain Capital Credit, an estimated $4.83M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q3 2014 was UBS, an estimated $758K sold.

Based on aggregated 13F filings for Q3 2014.