First Trust Senior Floating Rate Income Fund II
FCT
52 hedge funds and large institutions have $97.7M invested in First Trust Senior Floating Rate Income Fund II in 2015 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 17 increasing their positions, 8 reducing their positions, and 6 closing their positions.
200% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 6
113% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 8
30% more funds holding
Funds holding: 40 → 52 (+12)
16% more capital invested
Capital invested by funds: $84M → $97.7M (+$13.7M)
5.15% more ownership
Funds ownership: 24.34% → 29.49% (+5.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$3.56M |
| 2 |
RVPG
Relative Value Partners Group
|
+$2.4M |
| 3 |
KA
Klingman & Associates
New York
|
+$1.74M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.08M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$788K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.22M |
| 2 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$891K |
| 3 |
M&T Bank
Buffalo,
New York
|
-$579K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$242K |
| 5 |
LPC
Loeb Partners Corp
New York
|
-$192K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
51
Penserra Capital Management
Orinda,
California
| $4K | +$4.45K | +359 | New |
|
|
TRCT
52
Tower Research Capital (TRC)
New York
| $2K | +$2.12K | +171 | New |
|
|
NFG
53
Next Financial Group
Houston,
Texas
| $1K | – | – | – |
|
|
54
M&T Bank
Buffalo,
New York
| – | -$579K | -46,000 | Closed |
|
|
PAG
55
Private Advisor Group
Morristown,
New Jersey
| – | -$242K | -19,259 | Closed |
|
|
LPC
56
Loeb Partners Corp
New York
| – | -$192K | -15,300 | Closed |
|
|
DLHL
57
Donald L. Hagan LLC
Sarasota,
Florida
| – | -$33K | -2,600 | Closed |
|
|
RIA
58
Regal Investment Advisors
Kentwood,
Michigan
| – | -$21K | -1,700 | Closed |
|
|
RPG
59
Risk Paradigm Group
Austin,
Texas
| – | -$11.6K | -925 | Closed |
|
FCT Hedge Fund Activity: Q4 2015 in Review
52 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q4 2015, worth a combined $97.7M — up 16% from $84M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new FCT positions and 6 closed out — a net gain of 12 holders — while 17 added to existing stakes and 8 trimmed.
The largest buyer was Westchester Capital Management (New York), adding an estimated $3.56M. The largest seller was Bank of America, cutting an estimated $2.22M.
- 52 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q4 2015, up from 40 in Q3 2015.
- Funds reported $97.7M of First Trust Senior Floating Rate Income Fund II stock for Q4 2015, up 16% quarter-over-quarter.
- 18 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q4 2015 and 6 closed out, a net change of +12 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q4 2015 was Westchester Capital Management (New York), an estimated $3.56M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q4 2015 was Bank of America, an estimated $2.22M sold.
Based on aggregated 13F filings for Q4 2015.