We are live on ! Find out more
FCT

First Trust Senior Floating Rate Income Fund II
FCT

65 hedge funds and large institutions have $146M invested in First Trust Senior Floating Rate Income Fund II in 2019 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 24 increasing their positions, 20 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 20

11% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 9

10% more capital invested

Capital invested by funds: $133M → $146M (+$12.8M)

0.27% more ownership

Funds ownership: 43.05% → 43.32% (+0.27%)

0% more funds holding

Funds holding: 65 → 65 (0)

Holders
65
Holders Change
–
Holders Change %
0%
% of All Funds
1.28%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
24
Reduced
20
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$2.84M
2
Morgan Stanley
Morgan Stanley
New York
+$1.11M
3
GI
Gradient Investments
Minnesota
+$935K
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$732K
5
Invesco
Invesco
Georgia
+$721K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$1.91M
2
WAM
Wolverine Asset Management
Illinois
-$1.63M
3
GC
Guggenheim Capital
Illinois
-$1.43M
4
CRC
Curi RMB Capital
Illinois
-$1.26M
5
WCMNY
Westchester Capital Management (New York)
New York
-$658K
Name Holding Trade Value Shares
Change 		Change in
Stake
JP Morgan Chase
26
JP Morgan Chase
New York
$542K -$135K -11,198 -21%
RJA
27
Raymond James & Associates
Florida
$518K -$63K -5,209 -11%
WCM
28
Whitener Capital Management
North Carolina
$450K +$7.86K +650 +2%
VF
29
Virtu Financial
New York
$447K +$430K +35,590 New
Envestnet Asset Management
30
Envestnet Asset Management
Illinois
$434K -$35.2K -2,915 -8%
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$428K -$568 -47 -0.1%
PAS
32
Park Avenue Securities
New York
$406K +$73.2K +6,054 +23%
Wells Fargo
33
Wells Fargo
California
$364K +$47.8K +3,956 +16%
RJFSA
34
Raymond James Financial Services Advisors
Florida
$362K +$47.2K +3,900 +16%
SRC
35
Shufro Rose & Co
New York
$361K +$18.1K +1,500 +5%
MC
36
Matisse Capital
Oregon
$337K -$53.2K -4,400 -14%
LTFS
37
Ladenburg Thalmann Financial Services
Florida
$320K -$18.1K -1,498 -6%
FIA
38
FNY Investment Advisers
New York
$292K +$236K +19,544 +523%
AA
39
AQR Arbitrage
Connecticut
$287K -$358K -29,571 -56%
WCMNY
40
Westchester Capital Management (New York)
New York
$284K -$658K -54,444 -71%
AA
41
Apriem Advisors
California
$270K -$36.3K -3,000 -12%
AM
42
Ares Management
California
$251K +$242K +20,000 New
IAN
43
Integrated Advisors Network
Texas
$226K +$218K +18,000 New
GWM
44
Geneos Wealth Management
Colorado
$217K +$56.9K +4,702 +37%
SPIA
45
Steward Partners Investment Advisory
New York
$196K -$4.96K -410 -3%
Walleye Capital
46
Walleye Capital
New York
$196K +$23K +1,900 +14%
CWM
47
Concentric Wealth Management
California
$179K +$172K +14,226 New
LCM
48
Landscape Capital Management
New Jersey
$161K +$155K +12,854 New
UCFA
49
United Capital Financial Advisors
Texas
$149K – – –
AAM
50
Advisors Asset Management
Colorado
$106K +$102K +8,424 New
1
2
3

FCT Hedge Fund Activity: Q4 2019 in Review

65 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q4 2019, worth a combined $146M — up 9.6% from $133M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new FCT positions and 9 closed out — a net gain of 1 holder — while 24 added to existing stakes and 20 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $2.84M. The largest seller was Bank of America, cutting an estimated $1.91M.

  • 65 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q4 2019, unchanged from Q3 2019.
  • Funds reported $146M of First Trust Senior Floating Rate Income Fund II stock for Q4 2019, up 9.6% quarter-over-quarter.
  • 10 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q4 2019 and 9 closed out, a net change of +1 holder.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q4 2019 was Rivernorth Capital Management, an estimated $2.84M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q4 2019 was Bank of America, an estimated $1.91M sold.

Based on aggregated 13F filings for Q4 2019.