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FCT

First Trust Senior Floating Rate Income Fund II
FCT

48 hedge funds and large institutions have $90M invested in First Trust Senior Floating Rate Income Fund II in 2015 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 11 increasing their positions, 14 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more capital invested

Capital invested by funds: $86.2M → $90M (+$3.8M)

1.49% less ownership

Funds ownership: 25.91% → 24.42% (-1.5%)

6% less funds holding

Funds holding: 51 → 48 (-3)

13% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 15

21% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 14

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
48
Holders Change
-3
Holders Change %
-5.88%
% of All Funds
1.28%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
13
Increased
11
Reduced
14
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
+$1.3M
2
GC
Guggenheim Capital
Illinois
+$1.19M
3
AAM
Advisors Asset Management
Colorado
+$1.14M
4
YMRC
Yorktown Management & Research Company
Virginia
+$1.01M
5
HNB
Huntington National Bank
Ohio
+$884K

Top Sellers

Rank Fund Capital Flow
1
CA
Cornerstone Advisors
North Carolina
-$1.65M
2
RVP
Relative Value Partners
Illinois
-$1.39M
3
LCM
Laurion Capital Management
New York
-$961K
4
SG Americas Securities
SG Americas Securities
New York
-$721K
5
VKH
Virtu KCG Holdings
New York
-$703K
Name Holding Trade Value Shares
Change 		Change in
Stake
VKH
51
Virtu KCG Holdings
New York
– -$703K -54,008 Closed
AQR Capital Management
52
AQR Capital Management
Connecticut
– -$451K -34,655 Closed
WAM
53
Wolverine Asset Management
Illinois
– -$394K -30,296 Closed
CAS
54
CTC Alternative Strategies
Illinois
– -$286K -21,960 Closed
LCM
55
Landscape Capital Management
New Jersey
– -$235K -18,071 Closed
DA
56
Doliver Advisors
Texas
– -$214K -16,487 Closed
TC
57
TradeLink Capital
Illinois
– -$95K -7,300 Closed
WCMNY
58
Westchester Capital Management (New York)
New York
– -$36K -2,772 Closed
WRM
59
Westport Resources Management
Connecticut
– -$33K -2,500 Closed
NPC
60
National Planning Corporation
California
– -$7.46K -580 Closed
Creative Planning
61
Creative Planning
Kansas
– -$5K -363 Closed
BNP Paribas Financial Markets
62
BNP Paribas Financial Markets
France
– -$3.9K -300 Closed
MAA
63
Managed Account Advisors
New Jersey
– +$186 +14 New
1 2
3

FCT Hedge Fund Activity: Q1 2015 in Review

48 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q1 2015, worth a combined $90M — up 4.4% from $86.2M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of FCT and 13 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 11 added.

The largest buyer was Cohen & Steers, opening a new position worth an estimated $1.3M. The largest seller was Cornerstone Advisors, exiting entirely with an estimated $1.65M sold.

  • 48 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q1 2015, down from 51 in Q4 2014.
  • Funds reported $90M of First Trust Senior Floating Rate Income Fund II stock for Q1 2015, up 4.4% quarter-over-quarter.
  • 13 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q1 2015 and 15 closed out, a net change of -2 holders.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q1 2015 was Cohen & Steers, an estimated $1.3M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q1 2015 was Cornerstone Advisors, an estimated $1.65M sold.

Based on aggregated 13F filings for Q1 2015.