We are live on ! Find out more
FCT

First Trust Senior Floating Rate Income Fund II
FCT

60 hedge funds and large institutions have $124M invested in First Trust Senior Floating Rate Income Fund II in 2019 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 21 increasing their positions, 20 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

15% more capital invested

Capital invested by funds: $108M → $124M (+$15.9M)

2.45% more ownership

Funds ownership: 36.77% → 39.22% (+2.5%)

5% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 20

0% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 9

3% less funds holding

Funds holding: 62 → 60 (-2)

Holders
60
Holders Change
-2
Holders Change %
-3.23%
% of All Funds
1.3%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
21
Reduced
20
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$8.04M
2
RCM
Rivernorth Capital Management
Florida
+$3.51M
3
FEG
Financial Enhancement Group
Indiana
+$1.98M
4
SFS
Shaker Financial Services
Virginia
+$1.27M
5
SIA
Sit Investment Associates
Minnesota
+$1.19M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$6.52M
2
PCM
Peak Capital Management
Colorado
-$1.42M
3
AAMU
Amundi Asset Management US
Massachusetts
-$593K
4
PPA
Parametric Portfolio Associates
Washington
-$503K
5
FFA
First Foundation Advisors
California
-$499K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
26
Raymond James & Associates
Florida
$729K +$4.53K +382 +0.6%
QGA
27
Q Global Advisors
Texas
$727K +$134K +11,300 +22%
JP Morgan Chase
28
JP Morgan Chase
New York
$643K – – –
Envestnet Asset Management
29
Envestnet Asset Management
Illinois
$613K -$53.1K -4,474 -8%
AA
30
AQR Arbitrage
Connecticut
$564K +$124K +10,435 +28%
Wells Fargo
31
Wells Fargo
California
$512K +$47.4K +3,996 +10%
WCM
32
Whitener Capital Management
North Carolina
$425K +$1.78K +150 +0.4%
COLIM
33
City of London Investment Management
United Kingdom
$423K -$281K -23,700 -40%
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$417K +$108K +9,127 +35%
SRC
35
Shufro Rose & Co
New York
$377K +$35.6K +3,000 +10%
MC
36
Matisse Capital
Oregon
$370K +$371K +31,300 New
RJFSA
37
Raymond James Financial Services Advisors
Florida
$343K +$32.7K +2,759 +11%
MIG
38
Mariner Investment Group
New York
$342K – – –
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$276K +$5.84K +492 +2%
PAS
40
Park Avenue Securities
New York
$239K +$18.5K +1,559 +8%
LPL Financial
41
LPL Financial
California
$195K -$843 -71 -0.4%
SPIA
42
Steward Partners Investment Advisory
New York
$189K +$190K +16,038 New
CAN
43
Cetera Advisor Networks
California
$174K – – –
UCFA
44
United Capital Financial Advisors
Texas
$140K – – –
RTS
45
Round Table Services
New Jersey
$123K +$123K +10,400 New
GWM
46
Geneos Wealth Management
Colorado
$107K -$48.2K -4,064 -31%
NFG
47
Next Financial Group
Texas
$104K +$105K +8,819 New
NFH
48
NEXT Financial Holdings
Texas
$104K +$105K +8,819 New
GRP
49
Global Retirement Partners
California
$59K -$4.36K -367 -7%
Rockefeller Capital Management
50
Rockefeller Capital Management
New York
$46K +$46.2K +3,895 New
1
2
3

FCT Hedge Fund Activity: Q1 2019 in Review

60 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q1 2019, worth a combined $124M — up 15% from $108M a quarter earlier.

Fund positioning in FCT was balanced in Q1 2019: 9 funds opened new positions, 9 closed out, 21 added to existing stakes and 20 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $8.04M. The largest seller was Bank of America, cutting an estimated $6.52M.

  • 60 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q1 2019, down from 62 in Q4 2018.
  • Funds reported $124M of First Trust Senior Floating Rate Income Fund II stock for Q1 2019, up 15% quarter-over-quarter.
  • 9 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q1 2019 and 9 closed out, a net change of 0 holders.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q1 2019 was Saba Capital Management, an estimated $8.04M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q1 2019 was Bank of America, an estimated $6.52M sold.

Based on aggregated 13F filings for Q1 2019.