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FCT

First Trust Senior Floating Rate Income Fund II
FCT

66 hedge funds and large institutions have $118M invested in First Trust Senior Floating Rate Income Fund II in 2020 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 17 increasing their positions, 25 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 7

3% more funds holding

Funds holding: 64 → 66 (+2)

4.03% less ownership

Funds ownership: 44.18% → 40.15% (-4%)

9% less capital invested

Capital invested by funds: $129M → $118M (-$11M)

32% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 25

Holders
66
Holders Change
+2
Holders Change %
+3.13%
% of All Funds
1.33%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
17
Reduced
25
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.36M
2
OC
Oppenheimer & Co
New York
+$313K
3
BRWA
B. Riley Wealth Advisors
Florida
+$288K
4
SFS
Shaker Financial Services
Virginia
+$246K
5
GC
Guggenheim Capital
Illinois
+$223K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$6.42M
2
SCM
Saba Capital Management
New York
-$3.46M
3
MC
Matisse Capital
Oregon
-$1.3M
4
Bank of America
Bank of America
North Carolina
-$1.28M
5
WMG
WESCAP Management Group
California
-$1.04M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
26
Wells Fargo
California
$457K -$60.5K -5,510 -12%
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$418K -$8.02K -730 -2%
WMG
28
WESCAP Management Group
California
$327K -$1.04M -94,544 -76%
WCM
29
Whitener Capital Management
North Carolina
$318K -$78K -7,100 -20%
SRC
30
Shufro Rose & Co
New York
$313K -$3.3K -300 -1%
OC
31
Oppenheimer & Co
New York
$313K +$313K +28,502 New
Osaic Holdings
32
Osaic Holdings
Arizona
$291K +$95.6K +8,700 +49%
VEA
33
Virtus ETF Advisers
New York
$278K -$48.2K -4,385 -15%
Cambridge Investment Research Advisors
34
Cambridge Investment Research Advisors
Iowa
$268K -$17.8K -1,619 -6%
JP Morgan Chase
35
JP Morgan Chase
New York
$265K – – –
IAN
36
Integrated Advisors Network
Texas
$249K – – –
Northwestern Mutual Wealth Management
37
Northwestern Mutual Wealth Management
Wisconsin
$240K +$205K +18,631 +574%
AA
38
Apriem Advisors
California
$236K – – –
RJFSA
39
Raymond James Financial Services Advisors
Florida
$203K +$165 +15 +0.1%
Walleye Capital
40
Walleye Capital
New York
$192K -$10K -910 -5%
KAS
41
Kestra Advisory Services
Texas
$168K +$168K +15,325 New
GWM
42
Geneos Wealth Management
Colorado
$156K +$747 +68 +0.5%
BI
43
Bulldog Investors
New Jersey
$149K – – –
TWM
44
Titus Wealth Management
California
$148K -$110K -10,000 -43%
CWM
45
Cornerstone Wealth Management
Missouri
$146K -$6.36K -579 -4%
Jane Street
46
Jane Street
New York
$131K +$131K +11,937 New
SPA
47
Sentinel Pension Advisors
Massachusetts
$117K +$3.3K +300 +3%
Rockefeller Capital Management
48
Rockefeller Capital Management
New York
$77K -$11 -1 -0%
WCMNY
49
Westchester Capital Management (New York)
New York
$64K – – –
CFB
50
Cullen/Frost Bankers
Texas
$33K – – –
1
2
3

FCT Hedge Fund Activity: Q3 2020 in Review

66 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q3 2020, worth a combined $118M — down 8.6% from $129M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new FCT positions and 7 closed out — a net gain of 2 holders — while 17 added to existing stakes and 25 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.36M. The largest seller was Rivernorth Capital Management, cutting an estimated $6.42M.

  • 66 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q3 2020, up from 64 in Q2 2020.
  • Funds reported $118M of First Trust Senior Floating Rate Income Fund II stock for Q3 2020, down 8.6% quarter-over-quarter.
  • 9 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q3 2020 and 7 closed out, a net change of +2 holders.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q3 2020 was Morgan Stanley, an estimated $1.36M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q3 2020 was Rivernorth Capital Management, an estimated $6.42M sold.

Based on aggregated 13F filings for Q3 2020.