First Trust Senior Floating Rate Income Fund II
FCT
58 hedge funds and large institutions have $106M invested in First Trust Senior Floating Rate Income Fund II in 2018 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 17 increasing their positions, 19 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
12% more funds holding
Funds holding: 52 → 58 (+6)
1% more capital invested
Capital invested by funds: $106M → $106M (+$921K)
0.32% more ownership
Funds ownership: 29.8% → 30.12% (+0.32%)
11% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIA
Edgemoor Investment Advisors
Bethesda,
Maryland
|
+$2.42M |
| 2 |
PCM
Peak Capital Management
Greenwood Village,
Colorado
|
+$1.91M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.77M |
| 4 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$562K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$559K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$2.43M |
| 2 |
Morgan Stanley
New York
|
-$1.49M |
| 3 |
AGA
Accuvest Global Advisors
Provo,
Utah
|
-$771K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$565K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$553K |
FCT Hedge Fund Activity: Q2 2018 in Review
58 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q2 2018, worth a combined $106M — up 0.87% from $106M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FCT positions and 5 closed out — a net gain of 6 holders — while 17 added to existing stakes and 19 trimmed.
The largest buyer was Edgemoor Investment Advisors, adding an estimated $2.42M. The largest seller was Baillie Gifford & Co, exiting entirely with an estimated $2.43M sold.
- 58 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q2 2018, up from 52 in Q1 2018.
- Funds reported $106M of First Trust Senior Floating Rate Income Fund II stock for Q2 2018, up 0.87% quarter-over-quarter.
- 11 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q2 2018 and 5 closed out, a net change of +6 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q2 2018 was Edgemoor Investment Advisors, an estimated $2.42M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q2 2018 was Baillie Gifford & Co, an estimated $2.43M sold.
Based on aggregated 13F filings for Q2 2018.