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FCT

First Trust Senior Floating Rate Income Fund II
FCT

62 hedge funds and large institutions have $129M invested in First Trust Senior Floating Rate Income Fund II in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 22 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 2

3% more funds holding

Funds holding: 60 → 62 (+2)

2.3% more ownership

Funds ownership: 39.22% → 41.52% (+2.3%)

3% more capital invested

Capital invested by funds: $124M → $129M (+$4.34M)

23% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 22

Holders
62
Holders Change
+2
Holders Change %
+3.33%
% of All Funds
1.35%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
17
Reduced
22
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$11.7M
2
VEA
Virtus ETF Advisers
New York
+$2.36M
3
GI
Gradient Investments
Minnesota
+$831K
4
Invesco
Invesco
Georgia
+$691K
5
EIA
Edgemoor Investment Advisors
Maryland
+$549K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$2.9M
2
Bank of America
Bank of America
North Carolina
-$1.37M
3
SIA
Sit Investment Associates
Minnesota
-$1.31M
4
AAMU
Amundi Asset Management US
Massachusetts
-$1.18M
5
AAM
Advisors Asset Management
Colorado
-$705K
Name Holding Trade Value Shares
Change 		Change in
Stake
JP Morgan Chase
26
JP Morgan Chase
New York
$648K – – –
Envestnet Asset Management
27
Envestnet Asset Management
Illinois
$626K +$963 +80 +0.2%
AA
28
AQR Arbitrage
Connecticut
$575K – – –
AAM
29
Advisors Asset Management
Colorado
$545K -$705K -58,593 -56%
Wells Fargo
30
Wells Fargo
California
$522K – – –
6M
31
6 Meridian
Kansas
$518K +$517K +42,987 New
WCM
32
Whitener Capital Management
North Carolina
$432K -$963 -80 -0.2%
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$410K -$15.2K -1,265 -4%
MC
34
Matisse Capital
Oregon
$377K – – –
MIG
35
Mariner Investment Group
New York
$349K – – –
SRC
36
Shufro Rose & Co
New York
$329K -$55.4K -4,600 -14%
LTFS
37
Ladenburg Thalmann Financial Services
Florida
$323K +$42.4K +3,525 +15%
PAS
38
Park Avenue Securities
New York
$274K +$32.1K +2,667 +13%
RJFSA
39
Raymond James Financial Services Advisors
Florida
$252K -$97.8K -8,124 -28%
SPIA
40
Steward Partners Investment Advisory
New York
$193K – – –
CAN
41
Cetera Advisor Networks
California
$177K – – –
LPL Financial
42
LPL Financial
California
$174K -$24.7K -2,055 -12%
GWM
43
Geneos Wealth Management
Colorado
$164K +$55.5K +4,610 +51%
UCFA
44
United Capital Financial Advisors
Texas
$143K – – –
RTS
45
Round Table Services
New Jersey
$125K – – –
Walleye Capital
46
Walleye Capital
New York
$124K +$124K +10,300 New
DA
47
Doliver Advisors
Texas
$123K +$122K +10,172 New
NFG
48
Next Financial Group
Texas
$117K +$10.8K +898 +10%
Rockefeller Capital Management
49
Rockefeller Capital Management
New York
$88K +$40.7K +3,385 +87%
GRP
50
Global Retirement Partners
California
$56K -$4.56K -379 -8%
1
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FCT Hedge Fund Activity: Q2 2019 in Review

62 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q2 2019, worth a combined $129M — up 3.5% from $124M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new FCT positions and 2 closed out — a net gain of 4 holders — while 17 added to existing stakes and 22 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $11.7M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.9M.

  • 62 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q2 2019, up from 60 in Q1 2019.
  • Funds reported $129M of First Trust Senior Floating Rate Income Fund II stock for Q2 2019, up 3.5% quarter-over-quarter.
  • 6 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q2 2019 and 2 closed out, a net change of +4 holders.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q2 2019 was Saba Capital Management, an estimated $11.7M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q2 2019 was Rivernorth Capital Management, an estimated $2.9M sold.

Based on aggregated 13F filings for Q2 2019.