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FCT

First Trust Senior Floating Rate Income Fund II
FCT

78 hedge funds and large institutions have $103M invested in First Trust Senior Floating Rate Income Fund II in 2025 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 27 increasing their positions, 23 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 9

17% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 23

3% more funds holding

Funds holding: 76 → 78 (+2)

3% less capital invested

Capital invested by funds: $106M → $103M (-$3.26M)

1.3% less ownership

Funds ownership: 40.27% → 38.97% (-1.3%)

Holders
78
Holders Change
+2
Holders Change %
+2.63%
% of All Funds
1.03%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
27
Reduced
23
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.38M
2
Invesco
Invesco
Georgia
+$1.35M
3
Ameriprise
Ameriprise
Minnesota
+$403K
4
AAM
Advisors Asset Management
Colorado
+$366K
5
KAS
Kestra Advisory Services
Texas
+$177K

Top Sellers

Rank Fund Capital Flow
1
JRCM
Jones Road Capital Management
New York
-$4.04M
2
Pathstone Holdings
Pathstone Holdings
New Jersey
-$1.45M
3
GC
Guggenheim Capital
Illinois
-$1.04M
4
GWM
Geneos Wealth Management
Colorado
-$390K
5
HA
Helium Advisors
Washington
-$349K
Name Holding Trade Value Shares
Change 		Change in
Stake
SRC
26
Shufro Rose & Co
New York
$817K -$14.8K -1,500 -2%
Baird Financial Group
27
Baird Financial Group
Wisconsin
$627K +$7.74K +786 +1%
Rockefeller Capital Management
28
Rockefeller Capital Management
New York
$557K +$847 +86 +0.2%
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$553K +$81K +8,227 +18%
Raymond James Financial
30
Raymond James Financial
Florida
$460K -$5.26K -534 -1%
EAM
31
Everstar Asset Management
North Carolina
$440K -$29.5K -3,000 -6%
SFC
32
Strategic Financial Concepts
Texas
$428K +$35.5K +3,600 +9%
GWM
33
Geneos Wealth Management
Colorado
$415K -$390K -39,587 -49%
Osaic Holdings
34
Osaic Holdings
Arizona
$392K -$42.8K -4,348 -10%
SA
35
Sanctuary Advisors
Indiana
$361K – – –
Cetera Investment Advisers
36
Cetera Investment Advisers
Illinois
$360K -$88.4K -8,978 -20%
KAS
37
Kestra Advisory Services
Texas
$348K +$177K +17,991 +111%
RA
38
RFG Advisory
Alabama
$343K +$17K +1,731 +5%
EH
39
Equitable Holdings
New York
$341K -$41.9K -4,250 -11%
Truist Financial
40
Truist Financial
North Carolina
$307K +$3.67K +373 +1%
AUIM
41
Aegon USA Investment Management
Iowa
$305K – – –
Envestnet Asset Management
42
Envestnet Asset Management
Illinois
$285K +$3.67K +373 +1%
NAS
43
NWF Advisory Services
California
$246K +$13.4K +1,357 +6%
Carson Wealth (CWM LLC)
44
Carson Wealth (CWM LLC)
Nebraska
$217K – – –
AA
45
Apriem Advisors
California
$213K – – –
UPS
46
UHLMANN PRICE SECURITIES
Illinois
$189K +$5.22K +530 +3%
WMG
47
WESCAP Management Group
California
$184K -$39.7K -4,031 -18%
SWM
48
SeaCrest Wealth Management
New York
$183K -$2.17K -220 -1%
NFG
49
Nations Financial Group
Iowa
$183K -$12.1K -1,227 -6%
S
50
Sunpointe
Missouri
$180K +$174K +17,697 New
1
2
3 4

FCT Hedge Fund Activity: Q2 2025 in Review

78 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q2 2025, worth a combined $103M — down 3.1% from $106M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new FCT positions and 9 closed out — a net gain of 2 holders — while 27 added to existing stakes and 23 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.38M. The largest seller was Jones Road Capital Management, exiting entirely with an estimated $4.04M sold.

  • 78 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q2 2025, up from 76 in Q1 2025.
  • Funds reported $103M of First Trust Senior Floating Rate Income Fund II stock for Q2 2025, down 3.1% quarter-over-quarter.
  • 11 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q2 2025 and 9 closed out, a net change of +2 holders.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q2 2025 was Morgan Stanley, an estimated $1.38M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q2 2025 was Jones Road Capital Management, an estimated $4.04M sold.

Based on aggregated 13F filings for Q2 2025.