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FCT

First Trust Senior Floating Rate Income Fund II
FCT

80 hedge funds and large institutions have $108M invested in First Trust Senior Floating Rate Income Fund II in 2023 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 26 increasing their positions, 23 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 23

10% more capital invested

Capital invested by funds: $97.8M → $108M (+$10M)

2.17% more ownership

Funds ownership: 39.48% → 41.66% (+2.2%)

7% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 14

0% more funds holding

Funds holding: 80 → 80 (0)

Holders
80
Holders Change
–
Holders Change %
0%
% of All Funds
1.27%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
26
Reduced
23
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$8.77M
2
COLIM
City of London Investment Management
United Kingdom
+$4.88M
3
1CP
1607 Capital Partners
Virginia
+$1.63M
4
JRCM
Jones Road Capital Management
New York
+$1.62M
5
SFS
Shaker Financial Services
Virginia
+$1.03M

Top Sellers

Rank Fund Capital Flow
1
OCM
Oaktree Capital Management
California
-$7.71M
2
GI
Gradient Investments
Minnesota
-$4.17M
3
GA
GraniteShares Advisors
New York
-$2.23M
4
EE
EWG Elevate
California
-$1.14M
5
GC
Guggenheim Capital
Illinois
-$824K
Name Holding Trade Value Shares
Change 		Change in
Stake
EW
26
Evoke Wealth
California
$746K – – –
LCM
27
Landscape Capital Management
New Jersey
$675K +$296K +30,077 +80%
Wells Fargo
28
Wells Fargo
California
$635K +$126K +12,835 +25%
SIA
29
Sit Investment Associates
Minnesota
$630K – – –
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$618K -$52.2K -5,313 -8%
Thrivent Financial for Lutherans
31
Thrivent Financial for Lutherans
Minnesota
$576K -$205K -20,866 -26%
JP Morgan Chase
32
JP Morgan Chase
New York
$537K +$387K +39,370 +268%
SRC
33
Shufro Rose & Co
New York
$528K – – –
Rockefeller Capital Management
34
Rockefeller Capital Management
New York
$456K -$47.1K -4,795 -9%
VEA
35
Virtus ETF Advisers
New York
$429K +$13.1K +1,331 +3%
WEG
36
World Equity Group
Illinois
$353K +$56.2K +5,713 New
BRWA
37
B. Riley Wealth Advisors
Florida
$315K -$5.1K -519 -2%
HighTower Advisors
38
HighTower Advisors
Illinois
$313K +$309K +31,484 New
AUIM
39
Aegon USA Investment Management
Iowa
$299K +$29.5K +3,000 +11%
Truist Financial
40
Truist Financial
North Carolina
$265K – – –
Cetera Investment Advisers
41
Cetera Investment Advisers
Illinois
$249K +$133K +13,485 +117%
Cohen & Steers
42
Cohen & Steers
New York
$249K +$246K +25,000 New
Envestnet Asset Management
43
Envestnet Asset Management
Illinois
$240K – – –
WCMNY
44
Westchester Capital Management (New York)
New York
$235K – – –
WMG
45
WESCAP Management Group
California
$220K – – –
OFG
46
OTA Financial Group
New York
$201K +$199K +20,208 New
Goldman Sachs
47
Goldman Sachs
New York
$196K – – –
TA
48
TFB Advisors
Kansas
$180K – – –
AA
49
Apriem Advisors
California
$161K -$101K -10,300 -39%
WCM
50
Whitener Capital Management
North Carolina
$151K +$18.4K +1,870 +14%
1
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FCT Hedge Fund Activity: Q1 2023 in Review

80 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q1 2023, worth a combined $108M — up 10% from $97.8M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new FCT positions and 14 closed out — a net gain of 1 holder — while 26 added to existing stakes and 23 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $8.77M. The largest seller was Oaktree Capital Management, exiting entirely with an estimated $7.71M sold.

  • 80 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q1 2023, unchanged from Q4 2022.
  • Funds reported $108M of First Trust Senior Floating Rate Income Fund II stock for Q1 2023, up 10% quarter-over-quarter.
  • 15 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q1 2023 and 14 closed out, a net change of +1 holder.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q1 2023 was Morgan Stanley, an estimated $8.77M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q1 2023 was Oaktree Capital Management, an estimated $7.71M sold.

Based on aggregated 13F filings for Q1 2023.