First Trust Senior Floating Rate Income Fund II
FCT
47 hedge funds and large institutions have $96.4M invested in First Trust Senior Floating Rate Income Fund II in 2017 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 19 reducing their positions, and 7 closing their positions.
6% more capital invested
Capital invested by funds: $91.2M → $96.4M (+$5.22M)
1.04% more ownership
Funds ownership: 25.65% → 26.7% (+1%)
0% more funds holding
Funds holding: 47 → 47 (0)
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
32% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
+$4.35M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$2.84M |
| 3 |
PCM
Peak Capital Management
Greenwood Village,
Colorado
|
+$1.5M |
| 4 |
FFA
First Foundation Advisors
Irvine,
California
|
+$1.39M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$654K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$1.8M |
| 2 |
Morgan Stanley
New York
|
-$1.51M |
| 3 |
AGA
Accuvest Global Advisors
Provo,
Utah
|
-$891K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$830K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$777K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SFS
51
Shaker Financial Services
Arlington,
Virginia
| – | -$153K | -11,462 | Closed |
|
52
Millennium Management
New York
| – | -$146K | -10,980 | Closed |
|
|
SPIA
53
Steward Partners Investment Advisory
New York
| – | -$12K | -925 | Closed |
|
FCT Hedge Fund Activity: Q3 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 Q3 2017, worth a combined $96.4M — up 5.7% from $91.2M a quarter earlier.
Fund positioning in FCT was balanced in Q3 2017: 7 funds opened new positions, 7 closed out, 13 added to existing stakes and 19 trimmed.
The largest buyer was Relative Value Partners Group, opening a new position worth an estimated $4.35M. The largest seller was UBS Group, cutting an estimated $1.8M.
- 47 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q3 2017, unchanged from Q2 2017.
- Funds reported $96.4M of First Trust Senior Floating Rate Income Fund II stock for Q3 2017, up 5.7% quarter-over-quarter.
- 7 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q3 2017 and 7 closed out, a net change of 0 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q3 2017 was Relative Value Partners Group, an estimated $4.35M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q3 2017 was UBS Group, an estimated $1.8M sold.
Based on aggregated 13F filings for Q3 2017.