First Trust Senior Floating Rate Income Fund II
FCT
48 hedge funds and large institutions have $90M invested in First Trust Senior Floating Rate Income Fund II in 2015 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 11 increasing their positions, 14 reducing their positions, and 15 closing their positions.
4% more capital invested
Capital invested by funds: $86.2M → $90M (+$3.8M)
1.49% less ownership
Funds ownership: 25.91% → 24.42% (-1.5%)
6% less funds holding
Funds holding: 51 → 48 (-3)
13% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 15
21% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 14
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$1.3M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.19M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.14M |
| 4 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$1.01M |
| 5 |
HNB
Huntington National Bank
Columbus,
Ohio
|
+$884K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.65M |
| 2 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
-$1.39M |
| 3 |
LCM
Laurion Capital Management
New York
|
-$961K |
| 4 |
SG Americas Securities
New York
|
-$721K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$703K |
FCT Hedge Fund Activity: Q1 2015 in Review
48 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q1 2015, worth a combined $90M — up 4.4% from $86.2M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of FCT and 13 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 11 added.
The largest buyer was Cohen & Steers, opening a new position worth an estimated $1.3M. The largest seller was Cornerstone Advisors, exiting entirely with an estimated $1.65M sold.
- 48 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q1 2015, down from 51 in Q4 2014.
- Funds reported $90M of First Trust Senior Floating Rate Income Fund II stock for Q1 2015, up 4.4% quarter-over-quarter.
- 13 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q1 2015 and 15 closed out, a net change of -2 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q1 2015 was Cohen & Steers, an estimated $1.3M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q1 2015 was Cornerstone Advisors, an estimated $1.65M sold.
Based on aggregated 13F filings for Q1 2015.