First Trust Senior Floating Rate Income Fund II
FCT
45 hedge funds and large institutions have $71.4M invested in First Trust Senior Floating Rate Income Fund II in 2014 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 13 reducing their positions, and 7 closing their positions.
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
7% more capital invested
Capital invested by funds: $66.8M → $71.4M (+$4.64M)
2% more funds holding
Funds holding: 44 → 45 (+1)
1.26% more ownership
Funds ownership: 17.26% → 18.53% (+1.3%)
15% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BF
BOK Financial
Tulsa,
Oklahoma
|
+$1.59M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.36M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$909K |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$634K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$623K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$1.1M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$793K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$567K |
| 4 |
AI
Atria Investments
Charlotte,
North Carolina
|
-$420K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$385K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Envestnet Asset Management
Chicago,
Illinois
| – | -$22K | -1,500 | Closed |
|
|
BIM
52
BlackRock Investment Management
Wilmington,
Delaware
| – | -$5K | -329 | Closed |
|
FCT Hedge Fund Activity: Q1 2014 in Review
45 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q1 2014, worth a combined $71.4M — up 7% from $66.8M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FCT positions and 7 closed out — a net gain of 1 holder — while 11 added to existing stakes and 13 trimmed.
The largest buyer was BOK Financial, opening a new position worth an estimated $1.59M. The largest seller was Paloma Partners, exiting entirely with an estimated $1.1M sold.
- 45 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q1 2014, up from 44 in Q4 2013.
- Funds reported $71.4M of First Trust Senior Floating Rate Income Fund II stock for Q1 2014, up 7% quarter-over-quarter.
- 8 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q1 2014 and 7 closed out, a net change of +1 holder.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q1 2014 was BOK Financial, an estimated $1.59M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q1 2014 was Paloma Partners, an estimated $1.1M sold.
Based on aggregated 13F filings for Q1 2014.