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FCT

First Trust Senior Floating Rate Income Fund II
FCT

61 hedge funds and large institutions have $100M invested in First Trust Senior Floating Rate Income Fund II in 2017 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 16 increasing their positions, 16 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

350% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 4

30% more funds holding

Funds holding: 47 → 61 (+14)

2.36% more ownership

Funds ownership: 26.7% → 29.06% (+2.4%)

4% more capital invested

Capital invested by funds: $96.4M → $100M (+$3.75M)

0% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 16

Holders
61
Holders Change
+14
Holders Change %
+29.79%
% of All Funds
1.38%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
18
Increased
16
Reduced
16
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RVPG
Relative Value Partners Group
+$8.27M
2
WCMNY
Westchester Capital Management (New York)
New York
+$1.01M
3
WAM
Wolverine Asset Management
Illinois
+$760K
4
CRC
Curi RMB Capital
Illinois
+$700K
5
MML Investors Services
MML Investors Services
Massachusetts
+$371K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$3.03M
2
RCM
Robinson Capital Management
Michigan
-$1.22M
3
GC
Guggenheim Capital
Illinois
-$632K
4
RJFSA
Raymond James Financial Services Advisors
Florida
-$437K
5
GI
Gradient Investments
Minnesota
-$278K
Name Holding Trade Value Shares
Change 		Change in
Stake
CA
26
Cetera Advisors
Colorado
$453K – – –
COLIM
27
City of London Investment Management
United Kingdom
$386K +$92.6K +7,095 +31%
MML Investors Services
28
MML Investors Services
Massachusetts
$367K +$371K +28,456 New
RJFSA
29
Raymond James Financial Services Advisors
Florida
$357K -$437K -33,477 -55%
DA
30
Doliver Advisors
Texas
$343K +$39.5K +3,026 +13%
SFS
31
Shaker Financial Services
Virginia
$340K +$343K +26,318 New
Susquehanna International Group
32
Susquehanna International Group
Pennsylvania
$320K +$323K +24,789 New
OFG
33
OTA Financial Group
New York
$311K +$315K +24,142 New
Squarepoint
34
Squarepoint
New York
$266K +$269K +20,597 New
LTFS
35
Ladenburg Thalmann Financial Services
Florida
$259K +$80.2K +6,145 +44%
SRC
36
Shufro Rose & Co
New York
$244K +$247K +18,900 New
LCM
37
Landscape Capital Management
New Jersey
$234K +$237K +18,167 New
CAN
38
Cetera Advisor Networks
California
$225K +$228K +17,500 New
Bank of Montreal
39
Bank of Montreal
Ontario, Canada
$199K – – –
AI
40
Atria Investments
North Carolina
$192K -$143K -10,975 -42%
GWM
41
Geneos Wealth Management
Colorado
$186K +$40.3K +3,086 +27%
WAM
42
Weiss Asset Management
Massachusetts
$168K +$170K +12,995 New
JP Morgan Chase
43
JP Morgan Chase
New York
$165K +$167K +12,827 New
Bank of New York Mellon
44
Bank of New York Mellon
New York
$154K +$156K +11,955 New
UCFA
45
United Capital Financial Advisors
Texas
$153K – – –
Janney Montgomery Scott
46
Janney Montgomery Scott
Pennsylvania
$142K – – –
CCP
47
Corient Capital Partners
California
$133K – – –
PCM
48
Penserra Capital Management
California
$116K +$47.6K +3,647 +68%
SWP
49
Stratos Wealth Partners
Ohio
$98K +$98.7K +7,562 New
IA
50
IFP Advisors
Florida
$89K -$10.9K -836 -11%
1
2
3

FCT Hedge Fund Activity: Q4 2017 in Review

61 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q4 2017, worth a combined $100M — up 3.9% from $96.4M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new FCT positions and 4 closed out — a net gain of 14 holders — while 16 added to existing stakes and 16 trimmed.

The largest buyer was Relative Value Partners Group, adding an estimated $8.27M. The largest seller was Bank of America, cutting an estimated $3.03M.

  • 61 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q4 2017, up from 47 in Q3 2017.
  • Funds reported $100M of First Trust Senior Floating Rate Income Fund II stock for Q4 2017, up 3.9% quarter-over-quarter.
  • 18 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q4 2017 and 4 closed out, a net change of +14 holders.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q4 2017 was Relative Value Partners Group, an estimated $8.27M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q4 2017 was Bank of America, an estimated $3.03M sold.

Based on aggregated 13F filings for Q4 2017.