We are live on ! Find out more
FCT

First Trust Senior Floating Rate Income Fund II
FCT

61 hedge funds and large institutions have $100M invested in First Trust Senior Floating Rate Income Fund II in 2017 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 16 increasing their positions, 16 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

350% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 4

30% more funds holding

Funds holding: 47 → 61 (+14)

2.36% more ownership

Funds ownership: 26.7% → 29.06% (+2.4%)

4% more capital invested

Capital invested by funds: $96.4M → $100M (+$3.75M)

0% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 16

Holders
61
Holders Change
+14
Holders Change %
+29.79%
% of All Funds
1.38%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
18
Increased
16
Reduced
16
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RVPG
Relative Value Partners Group
+$8.27M
2
WCMNY
Westchester Capital Management (New York)
New York
+$1.01M
3
WAM
Wolverine Asset Management
Illinois
+$760K
4
CRC
Curi RMB Capital
Illinois
+$700K
5
MML Investors Services
MML Investors Services
Massachusetts
+$371K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$3.03M
2
RCM
Robinson Capital Management
Michigan
-$1.22M
3
GC
Guggenheim Capital
Illinois
-$632K
4
RJFSA
Raymond James Financial Services Advisors
Florida
-$437K
5
GI
Gradient Investments
Minnesota
-$278K
Name Holding Trade Value Shares
Change 		Change in
Stake
BFEC
51
Benjamin F. Edwards & Company
Missouri
$86K +$209 +16 +0.2%
Envestnet Asset Management
52
Envestnet Asset Management
Illinois
$86K +$53.7K +4,118 +163%
GRP
53
Global Retirement Partners
California
$63K -$38.4K -2,942 -38%
AA
54
AlphaMark Advisors
Kentucky
$37K +$37.8K +2,900 New
Citigroup
55
Citigroup
New York
$36K -$55K -4,212 -60%
SWM
56
SeaCrest Wealth Management
New York
$29K +$29.7K +2,274 New
CFN
57
Cordasco Financial Network
Florida
$14K – – –
WAM
58
Wealthspire Advisors (Maryland)
Maryland
$7K – – –
APA
59
American Portfolios Advisors
New York
$4.04K +$4.08K +313 New
ASN
60
Advisory Services Network
Georgia
$3K – – –
TRCT
61
Tower Research Capital (TRC)
New York
$3K +$2.61K +200 New
RCM
62
Robinson Capital Management
Michigan
– -$1.22M -90,707 Closed
ICOA
63
Investment Centers of America
North Dakota
– -$232K -17,175 Closed
MSAM
64
Moloney Securities Asset Management
Missouri
– -$163K -12,056 Closed
Cambridge Investment Research Advisors
65
Cambridge Investment Research Advisors
Iowa
– -$155K -11,483 Closed
1 2
3

FCT Hedge Fund Activity: Q4 2017 in Review

61 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q4 2017, worth a combined $100M — up 3.9% from $96.4M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new FCT positions and 4 closed out — a net gain of 14 holders — while 16 added to existing stakes and 16 trimmed.

The largest buyer was Relative Value Partners Group, adding an estimated $8.27M. The largest seller was Bank of America, cutting an estimated $3.03M.

  • 61 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q4 2017, up from 47 in Q3 2017.
  • Funds reported $100M of First Trust Senior Floating Rate Income Fund II stock for Q4 2017, up 3.9% quarter-over-quarter.
  • 18 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q4 2017 and 4 closed out, a net change of +14 holders.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q4 2017 was Relative Value Partners Group, an estimated $8.27M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q4 2017 was Bank of America, an estimated $3.03M sold.

Based on aggregated 13F filings for Q4 2017.