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FCT

First Trust Senior Floating Rate Income Fund II
FCT

47 hedge funds and large institutions have $96.4M invested in First Trust Senior Floating Rate Income Fund II in 2017 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 19 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more capital invested

Capital invested by funds: $91.2M → $96.4M (+$5.22M)

1.04% more ownership

Funds ownership: 25.65% → 26.7% (+1%)

0% more funds holding

Funds holding: 47 → 47 (0)

0% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 7

32% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 19

Holders
47
Holders Change
–
Holders Change %
0%
% of All Funds
1.17%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
13
Reduced
19
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RVPG
Relative Value Partners Group
+$4.35M
2
Bank of America
Bank of America
North Carolina
+$2.84M
3
PCM
Peak Capital Management
Colorado
+$1.5M
4
FFA
First Foundation Advisors
California
+$1.39M
5
AAM
Advisors Asset Management
Colorado
+$654K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$1.8M
2
Morgan Stanley
Morgan Stanley
New York
-$1.51M
3
AGA
Accuvest Global Advisors
Utah
-$891K
4
Invesco
Invesco
Georgia
-$830K
5
Wells Fargo
Wells Fargo
California
-$777K
Name Holding Trade Value Shares
Change 		Change in
Stake
AI
26
Atria Investments
North Carolina
$349K +$345K +25,866 New
DA
27
Doliver Advisors
Texas
$318K +$67.4K +5,055 +27%
COLIM
28
City of London Investment Management
United Kingdom
$307K +$304K +22,830 New
WAM
29
Wolverine Asset Management
Illinois
$283K -$386K -28,961 -58%
SRC
30
Shufro Rose & Co
New York
$255K -$228K -17,100 Closed
ICOA
31
Investment Centers of America
North Dakota
$232K – – –
Bank of Montreal
32
Bank of Montreal
Ontario, Canada
$209K +$206K +15,456 New
LTFS
33
Ladenburg Thalmann Financial Services
Florida
$187K -$6.52K -489 -3%
MSAM
34
Moloney Securities Asset Management
Missouri
$163K -$132K -9,872 -45%
UCFA
35
United Capital Financial Advisors
Texas
$160K – – –
Cambridge Investment Research Advisors
36
Cambridge Investment Research Advisors
Iowa
$155K +$6.25K +469 +4%
GWM
37
Geneos Wealth Management
Colorado
$153K +$33.6K +2,521 +29%
Janney Montgomery Scott
38
Janney Montgomery Scott
Pennsylvania
$148K – – –
CCP
39
Corient Capital Partners
California
$140K – – –
GRP
40
Global Retirement Partners
California
$106K +$693 +52 +0.7%
IA
41
IFP Advisors
Florida
$104K – – –
Citigroup
42
Citigroup
New York
$95K -$277K -20,756 -75%
BFEC
43
Benjamin F. Edwards & Company
Missouri
$89K -$13.1K -985 -13%
PCM
44
Penserra Capital Management
California
$71K +$66.5K +4,984 +1,288%
Envestnet Asset Management
45
Envestnet Asset Management
Illinois
$34K -$26.4K -1,978 -44%
CFN
46
Cordasco Financial Network
Florida
$15K – – –
WAM
47
Wealthspire Advisors (Maryland)
Maryland
$8K +$7.73K +580 New
ASN
48
Advisory Services Network
Georgia
$3K +$2.67K +200 New
CRC
49
Curi RMB Capital
Illinois
– -$708K -53,197 Closed
AIP
50
Ahrens Investment Partners
Louisiana
– -$156K -11,750 Closed
1
2
3

FCT Hedge Fund Activity: Q3 2017 in Review

47 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q3 2017, worth a combined $96.4M — up 5.7% from $91.2M a quarter earlier.

Fund positioning in FCT was balanced in Q3 2017: 7 funds opened new positions, 7 closed out, 13 added to existing stakes and 19 trimmed.

The largest buyer was Relative Value Partners Group, opening a new position worth an estimated $4.35M. The largest seller was UBS Group, cutting an estimated $1.8M.

  • 47 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q3 2017, unchanged from Q2 2017.
  • Funds reported $96.4M of First Trust Senior Floating Rate Income Fund II stock for Q3 2017, up 5.7% quarter-over-quarter.
  • 7 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q3 2017 and 7 closed out, a net change of 0 holders.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q3 2017 was Relative Value Partners Group, an estimated $4.35M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q3 2017 was UBS Group, an estimated $1.8M sold.

Based on aggregated 13F filings for Q3 2017.