First Trust Senior Floating Rate Income Fund II
FCT
47 hedge funds and large institutions have $85.3M invested in First Trust Senior Floating Rate Income Fund II in 2015 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 9 reducing their positions, and 7 closing their positions.
89% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 9
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
0.29% less ownership
Funds ownership: 24.42% → 24.13% (-0.29%)
2% less funds holding
Funds holding: 48 → 47 (-1)
5% less capital invested
Capital invested by funds: $90M → $85.3M (-$4.73M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$3.19M |
| 2 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$2.28M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$677K |
| 4 |
M&T Bank
Buffalo,
New York
|
+$631K |
| 5 |
Citigroup
New York
|
+$451K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$5.47M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.67M |
| 3 |
HNB
Huntington National Bank
Columbus,
Ohio
|
-$911K |
| 4 |
TAM
Trust Asset Management
Houston,
Texas
|
-$232K |
| 5 |
LPC
Loeb Partners Corp
New York
|
-$211K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FCCM
51
First City Capital Management
Savannah,
Georgia
| – | -$24.5K | -1,774 | Closed |
|
52
AllianceBernstein
Nashville,
Tennessee
| – | -$17K | -1,200 | Closed |
|
|
BIM
53
BlackRock Investment Management
Wilmington,
Delaware
| – | -$8K | -550 | Closed |
|
|
MAA
54
Managed Account Advisors
Jersey City,
New Jersey
| – | -$137 | -10 | -71% |
|
FCT Hedge Fund Activity: Q2 2015 in Review
47 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q2 2015, worth a combined $85.3M — down 5.3% from $90M a quarter earlier.
Fund positioning in FCT was balanced in Q2 2015: 7 funds opened new positions, 7 closed out, 17 added to existing stakes and 9 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $3.19M. The largest seller was Mariner Investment Group, exiting entirely with an estimated $5.47M sold.
- 47 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q2 2015, down from 48 in Q1 2015.
- Funds reported $85.3M of First Trust Senior Floating Rate Income Fund II stock for Q2 2015, down 5.3% quarter-over-quarter.
- 7 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q2 2015 and 7 closed out, a net change of 0 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q2 2015 was Guggenheim Capital, an estimated $3.19M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q2 2015 was Mariner Investment Group, an estimated $5.47M sold.
Based on aggregated 13F filings for Q2 2015.