First Trust Senior Floating Rate Income Fund II
FCT
49 hedge funds and large institutions have $98.8M invested in First Trust Senior Floating Rate Income Fund II in 2017 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 19 reducing their positions, and 5 closing their positions.
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
0% more funds holding
Funds holding: 49 → 49 (0)
1.89% less ownership
Funds ownership: 28.66% → 26.77% (-1.9%)
7% less capital invested
Capital invested by funds: $106M → $98.8M (-$6.98M)
26% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$4.27M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.39M |
| 3 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
+$1.12M |
| 4 |
AGA
Accuvest Global Advisors
Provo,
Utah
|
+$900K |
| 5 |
GI
Gradient Investments
Arden Hills,
Minnesota
|
+$603K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$8.54M |
| 2 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$1.21M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.16M |
| 4 |
FFA
First Foundation Advisors
Irvine,
California
|
-$1.12M |
| 5 |
JP Morgan Chase
New York
|
-$1.04M |
FCT Hedge Fund Activity: Q1 2017 in Review
49 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q1 2017, worth a combined $98.8M — down 6.6% from $106M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FCT positions and 5 closed out — a net gain of 1 holder — while 14 added to existing stakes and 19 trimmed.
The largest buyer was Bank of America, adding an estimated $4.27M. The largest seller was Baillie Gifford & Co, cutting an estimated $8.54M.
- 49 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q1 2017, unchanged from Q4 2016.
- Funds reported $98.8M of First Trust Senior Floating Rate Income Fund II stock for Q1 2017, down 6.6% quarter-over-quarter.
- 6 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q1 2017 and 5 closed out, a net change of +1 holder.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q1 2017 was Bank of America, an estimated $4.27M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q1 2017 was Baillie Gifford & Co, an estimated $8.54M sold.
Based on aggregated 13F filings for Q1 2017.