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FCT

First Trust Senior Floating Rate Income Fund II
FCT

76 hedge funds and large institutions have $134M invested in First Trust Senior Floating Rate Income Fund II in 2023 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 19 increasing their positions, 24 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

180% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 5

24% more capital invested

Capital invested by funds: $108M → $134M (+$26.4M)

13% more funds holding

Funds holding: 67 → 76 (+9)

9.71% more ownership

Funds ownership: 41.56% → 51.27% (+9.7%)

21% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 24

Holders
76
Holders Change
+9
Holders Change %
+13.43%
% of All Funds
1.11%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.03%
New
14
Increased
19
Reduced
24
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$23M
2
GA
GraniteShares Advisors
New York
+$1.47M
3
RVPG
Relative Value Partners Group
+$1.38M
4
JRCM
Jones Road Capital Management
New York
+$1.33M
5
LCM
Landscape Capital Management
New Jersey
+$629K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$1.47M
2
EW
Evoke Wealth
California
-$750K
3
COLIM
City of London Investment Management
United Kingdom
-$448K
4
AAM
Advisors Asset Management
Colorado
-$390K
5
MC
Matisse Capital
Oregon
-$333K
Name Holding Trade Value Shares
Change 		Change in
Stake
SRC
26
Shufro Rose & Co
New York
$524K +$7.88K +800 +2%
VEA
27
Virtus ETF Advisers
New York
$493K -$190K -19,233 -28%
WCMNY
28
Westchester Capital Management (New York)
New York
$437K – – –
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$427K +$65.6K +6,655 +19%
Rockefeller Capital Management
30
Rockefeller Capital Management
New York
$394K -$58.5K -5,941 -13%
MC
31
Matisse Capital
Oregon
$363K -$333K -33,751 -48%
AUIM
32
Aegon USA Investment Management
Iowa
$303K – – –
BRWA
33
B. Riley Wealth Advisors
Florida
$282K -$110K -11,202 -29%
Walleye Capital
34
Walleye Capital
New York
$271K +$264K +26,820 New
SFS
35
Shaker Financial Services
Virginia
$269K +$19.7K +1,999 +8%
Truist Financial
36
Truist Financial
North Carolina
$269K – – –
Cetera Investment Advisers
37
Cetera Investment Advisers
Illinois
$264K -$53.1K -5,390 -17%
Envestnet Asset Management
38
Envestnet Asset Management
Illinois
$255K – – –
WMG
39
WESCAP Management Group
California
$223K – – –
KWA
40
Kingswood Wealth Advisors
California
$218K +$213K +21,591 New
EC
41
Elequin Capital
New York
$210K +$205K +20,830 New
Carson Wealth (CWM LLC)
42
Carson Wealth (CWM LLC)
Nebraska
$186K +$182K +18,439 New
Nomura Holdings
43
Nomura Holdings
Japan
$168K +$164K +16,645 New
CCP
44
Clough Capital Partners
Massachusetts
$167K – – –
AA
45
Apriem Advisors
California
$163K – – –
OC
46
Oppenheimer & Co
New York
$160K – – –
Thrivent Financial for Lutherans
47
Thrivent Financial for Lutherans
Minnesota
$155K -$257K -26,100 -63%
RIA
48
Realta Investment Advisors
Delaware
$145K +$24.8K +2,519 +21%
WCM
49
Whitener Capital Management
North Carolina
$143K -$4.43K -450 -3%
CAN
50
Cetera Advisor Networks
California
$136K +$133K +13,490 New
1
2
3 4

FCT Hedge Fund Activity: Q4 2023 in Review

76 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q4 2023, worth a combined $134M — up 24% from $108M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new FCT positions and 5 closed out — a net gain of 9 holders — while 19 added to existing stakes and 24 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $23M. The largest seller was Bank of America, cutting an estimated $1.47M.

  • 76 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q4 2023, up from 67 in Q3 2023.
  • Funds reported $134M of First Trust Senior Floating Rate Income Fund II stock for Q4 2023, up 24% quarter-over-quarter.
  • 14 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q4 2023 and 5 closed out, a net change of +9 holders.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q4 2023 was Morgan Stanley, an estimated $23M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q4 2023 was Bank of America, an estimated $1.47M sold.

Based on aggregated 13F filings for Q4 2023.