First Trust Senior Floating Rate Income Fund II
FCT
51 hedge funds and large institutions have $86.2M invested in First Trust Senior Floating Rate Income Fund II in 2014 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 6 closing their positions.
150% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 6
20% more capital invested
Capital invested by funds: $71.9M → $86.2M (+$14.4M)
16% more funds holding
Funds holding: 44 → 51 (+7)
6.27% more ownership
Funds ownership: 19.64% → 25.91% (+6.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
25% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$7.99M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$5.51M |
| 3 |
Morgan Stanley
New York
|
+$4.01M |
| 4 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$2.82M |
| 5 |
TAM
Trust Asset Management
Houston,
Texas
|
+$1.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$428K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$288K |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$197K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$193K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$186K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFG
51
Next Financial Group
Houston,
Texas
| $1K | -$36.9K | -2,815 | -97% |
|
|
AIG
52
American International Group
New York
| $286 | – | – | – |
|
|
53
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$193K | -14,199 | Closed |
|
|
54
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$186K | -13,731 | Closed |
|
|
UCFA
55
United Capital Financial Advisors
Irving,
Texas
| – | -$137K | -10,140 | Closed |
|
56
Ameriprise
Minneapolis,
Minnesota
| – | -$79K | -5,420 | Closed |
|
|
BF
57
BOK Financial
Tulsa,
Oklahoma
| – | -$54K | -3,984 | Closed |
|
|
OCM
58
One Capital Management
Westlake Village,
California
| – | -$2K | -164 | Closed |
|
FCT Hedge Fund Activity: Q4 2014 in Review
51 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q4 2014, worth a combined $86.2M — up 20% from $71.9M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FCT positions and 6 closed out — a net gain of 9 holders — while 9 added to existing stakes and 12 trimmed.
The largest buyer was Baillie Gifford & Co, opening a new position worth an estimated $7.99M. The largest seller was Raymond James & Associates, cutting an estimated $428K.
- 51 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q4 2014, up from 44 in Q3 2014.
- Funds reported $86.2M of First Trust Senior Floating Rate Income Fund II stock for Q4 2014, up 20% quarter-over-quarter.
- 15 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q4 2014 and 6 closed out, a net change of +9 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q4 2014 was Baillie Gifford & Co, an estimated $7.99M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q4 2014 was Raymond James & Associates, an estimated $428K sold.
Based on aggregated 13F filings for Q4 2014.