First Trust Senior Floating Rate Income Fund II
FCT
47 hedge funds and large institutions have $91.2M invested in First Trust Senior Floating Rate Income Fund II in 2017 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 8 closing their positions.
7% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 15
1.11% less ownership
Funds ownership: 26.77% → 25.65% (-1.1%)
4% less funds holding
Funds holding: 49 → 47 (-2)
8% less capital invested
Capital invested by funds: $98.8M → $91.2M (-$7.66M)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.26M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$721K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$677K |
| 4 |
AGA
Accuvest Global Advisors
Provo,
Utah
|
+$640K |
| 5 |
GI
Gradient Investments
Arden Hills,
Minnesota
|
+$636K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$2.28M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.25M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.48M |
| 4 |
Morgan Stanley
New York
|
-$1.48M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$778K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AA
51
Apriem Advisors
Irvine,
California
| – | -$55K | -4,000 | Closed |
|
52
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$33K | -2,400 | Closed |
|
|
ASN
53
Advisory Services Network
Atlanta,
Georgia
| – | -$15K | -1,058 | Closed |
|
54
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$5K | -350 | Closed |
|
FCT Hedge Fund Activity: Q2 2017 in Review
47 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q2 2017, worth a combined $91.2M — down 7.7% from $98.8M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FCT and 6 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 16 added.
The largest buyer was Bank of America, adding an estimated $2.26M. The largest seller was Westchester Capital Management (New York), exiting entirely with an estimated $2.28M sold.
- 47 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q2 2017, down from 49 in Q1 2017.
- Funds reported $91.2M of First Trust Senior Floating Rate Income Fund II stock for Q2 2017, down 7.7% quarter-over-quarter.
- 6 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q2 2017 and 8 closed out, a net change of -2 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q2 2017 was Bank of America, an estimated $2.26M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q2 2017 was Westchester Capital Management (New York), an estimated $2.28M sold.
Based on aggregated 13F filings for Q2 2017.