First Trust Senior Floating Rate Income Fund II
FCT
46 hedge funds and large institutions have $102M invested in First Trust Senior Floating Rate Income Fund II in 2016 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 15 reducing their positions, and 7 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 15
1.37% less ownership
Funds ownership: 31.09% → 29.72% (-1.4%)
5% less capital invested
Capital invested by funds: $108M → $102M (-$5.64M)
6% less funds holding
Funds holding: 49 → 46 (-3)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.32M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.29M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$958K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$601K |
| 5 |
GI
Gradient Investments
Arden Hills,
Minnesota
|
+$524K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$2.57M |
| 2 |
LPL Financial
San Diego,
California
|
-$883K |
| 3 |
TAM
Trust Asset Management
Houston,
Texas
|
-$826K |
| 4 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$670K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$499K |
FCT Hedge Fund Activity: Q2 2016 in Review
46 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q2 2016, worth a combined $102M — down 5.2% from $108M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FCT and 4 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 15 added.
The largest buyer was Bank of America, adding an estimated $1.32M. The largest seller was Westchester Capital Management (New York), cutting an estimated $2.57M.
- 46 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q2 2016, down from 49 in Q1 2016.
- Funds reported $102M of First Trust Senior Floating Rate Income Fund II stock for Q2 2016, down 5.2% quarter-over-quarter.
- 4 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q2 2016 and 7 closed out, a net change of -3 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q2 2016 was Bank of America, an estimated $1.32M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q2 2016 was Westchester Capital Management (New York), an estimated $2.57M sold.
Based on aggregated 13F filings for Q2 2016.