We are live on ! Find out more
FCT

First Trust Senior Floating Rate Income Fund II
FCT

51 hedge funds and large institutions have $86.2M invested in First Trust Senior Floating Rate Income Fund II in 2014 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 6

20% more capital invested

Capital invested by funds: $71.9M → $86.2M (+$14.4M)

16% more funds holding

Funds holding: 44 → 51 (+7)

6.27% more ownership

Funds ownership: 19.64% → 25.91% (+6.3%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

25% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 12

Holders
51
Holders Change
+7
Holders Change %
+15.91%
% of All Funds
1.36%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
15
Increased
9
Reduced
12
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$7.99M
2
MIG
Mariner Investment Group
New York
+$5.51M
3
Morgan Stanley
Morgan Stanley
New York
+$4.01M
4
RVP
Relative Value Partners
Illinois
+$2.82M
5
TAM
Trust Asset Management
Texas
+$1.59M

Top Sellers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
-$428K
2
Wells Fargo
Wells Fargo
California
-$288K
3
Deutsche Bank
Deutsche Bank
Germany
-$197K
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$193K
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$186K
Name Holding Trade Value Shares
Change 		Change in
Stake
AQR Capital Management
26
AQR Capital Management
Connecticut
$451K +$454K +34,655 New
WAM
27
Wolverine Asset Management
Illinois
$394K -$119K -9,046 -23%
CI
28
CAZ Investments
Texas
$331K +$333K +25,438 New
CAS
29
CTC Alternative Strategies
Illinois
$286K +$288K +21,960 New
LCM
30
Landscape Capital Management
New Jersey
$235K +$237K +18,071 New
DA
31
Doliver Advisors
Texas
$214K -$12.9K -981 -6%
LPC
32
Loeb Partners Corp
New York
$199K – – –
IT
33
Independence Trust
Tennessee
$164K – – –
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$156K -$19K -1,452 -11%
SRC
35
Shufro Rose & Co
New York
$152K – – –
TC
36
TradeLink Capital
Illinois
$95K +$95.7K +7,300 New
LTFS
37
Ladenburg Thalmann Financial Services
Florida
$74K – – –
CFN
38
Cordasco Financial Network
Florida
$42K – – –
WCMNY
39
Westchester Capital Management (New York)
New York
$36K – – –
WRM
40
Westport Resources Management
Connecticut
$33K -$6.55K -500 -17%
FCCM
41
First City Capital Management
Georgia
$23.1K – – –
RIA
42
Regal Investment Advisors
Michigan
$22K – – –
AllianceBernstein
43
AllianceBernstein
Tennessee
$16K – – –
AA
44
Apriem Advisors
California
$13K – – –
NPC
45
National Planning Corporation
California
$7.46K +$7.6K +580 New
Creative Planning
46
Creative Planning
Kansas
$5K +$4.76K +363 New
BCC
47
Bain Capital Credit
Massachusetts
$4.62K +$66.5K +5,076 +1%
BNP Paribas Financial Markets
48
BNP Paribas Financial Markets
France
$3.9K – – –
Citigroup
49
Citigroup
New York
$3K -$3.09K -236 -51%
BIM
50
BlackRock Investment Management
Delaware
$3K +$2.86K +218 New
1
2
3

FCT Hedge Fund Activity: Q4 2014 in Review

51 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q4 2014, worth a combined $86.2M — up 20% from $71.9M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new FCT positions and 6 closed out — a net gain of 9 holders — while 9 added to existing stakes and 12 trimmed.

The largest buyer was Baillie Gifford & Co, opening a new position worth an estimated $7.99M. The largest seller was Raymond James & Associates, cutting an estimated $428K.

  • 51 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q4 2014, up from 44 in Q3 2014.
  • Funds reported $86.2M of First Trust Senior Floating Rate Income Fund II stock for Q4 2014, up 20% quarter-over-quarter.
  • 15 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q4 2014 and 6 closed out, a net change of +9 holders.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q4 2014 was Baillie Gifford & Co, an estimated $7.99M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q4 2014 was Raymond James & Associates, an estimated $428K sold.

Based on aggregated 13F filings for Q4 2014.