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FCT

First Trust Senior Floating Rate Income Fund II

49 hedge funds and large institutions have $106M invested in First Trust Senior Floating Rate Income Fund II in 2016 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 13 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

267% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 3

62% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 13

17% more funds holding

Funds holding: 4249 (+7)

4% less capital invested

Capital invested by funds: $110M → $106M (-$4.69M)

1.56% less ownership

Funds ownership: 30.21%28.66% (-1.6%)

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
49
Holders Change
+7
Holders Change %
+16.67%
% of All Funds
1.23%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
11
Increased
21
Reduced
13
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Citigroup
26
Citigroup
New York
$198K -$79.4K -5,819 -29%
CS
27
Credit Suisse
Switzerland
$180K -$315K -23,108 -64%
UCFA
28
United Capital Financial Advisors
Texas
$164K
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$160K +$158K +11,567 New
Ameriprise
30
Ameriprise
Minnesota
$155K +$153K +11,242 New
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$153K +$5.18K +380 +4%
GWM
32
Geneos Wealth Management
Colorado
$152K +$218 +16 +0.1%
CCP
33
Corient Capital Partners
California
$148K +$146K +10,703 New
LTFS
34
Ladenburg Thalmann Financial Services
Florida
$139K +$41.3K +3,030 +43%
BFEC
35
Benjamin F. Edwards & Company
Missouri
$105K +$37.1K +2,722 +56%
IA
36
IFP Advisors
Florida
$97K +$75K +5,500 +372%
GRP
37
Global Retirement Partners
California
$73K +$72.1K +5,287 New
Envestnet Asset Management
38
Envestnet Asset Management
Illinois
$62K +$61.4K +4,504 New
AA
39
Apriem Advisors
California
$55K
NFG
40
Next Financial Group
Texas
$46K +$20.5K +1,500 +83%
Manulife (Manufacturers Life Insurance)
41
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$33K -$9.55K -700 -23%
SFS
42
Sowell Financial Services
Arkansas
$19K +$18.5K +1,353 New
CFN
43
Cordasco Financial Network
Florida
$15K
AIM
44
Acrospire Investment Management
Illinois
$15K +$8.18K +600 +120%
SPIA
45
Steward Partners Investment Advisory
New York
$12K +$12.6K +925 New
PCM
46
Penserra Capital Management
California
$5K +$641 +47 +12%
WA
47
WFG Advisors
Texas
$5K +$5.37K +394 New
MFS
48
MSI Financial Services
Massachusetts
$4K -$64K -4,690 -95%
BCC
49
Bain Capital Credit
Massachusetts
-$2.63M -192,640 Closed
YMRC
50
Yorktown Management & Research Company
Virginia
-$1.2M -87,900 Closed

FCT Hedge Fund Activity: Q4 2016 in Review

49 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q4 2016, worth a combined $106M — down 4.2% from $110M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new FCT positions and 3 closed out — a net gain of 8 holders — while 21 added to existing stakes and 13 trimmed.

The largest buyer was Bank of America, adding an estimated $2.42M. The largest seller was Baillie Gifford & Co, cutting an estimated $7.22M.

  • 49 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q4 2016, up from 42 in Q3 2016.
  • Funds reported $106M of First Trust Senior Floating Rate Income Fund II stock for Q4 2016, down 4.2% quarter-over-quarter.
  • 11 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q4 2016 and 3 closed out, a net change of +8 holders.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q4 2016 was Bank of America, an estimated $2.42M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q4 2016 was Baillie Gifford & Co, an estimated $7.22M sold.

Based on aggregated 13F filings for Q4 2016.