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FCT

First Trust Senior Floating Rate Income Fund II
FCT

62 hedge funds and large institutions have $129M invested in First Trust Senior Floating Rate Income Fund II in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 22 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 2

3% more funds holding

Funds holding: 60 → 62 (+2)

2.3% more ownership

Funds ownership: 39.22% → 41.52% (+2.3%)

3% more capital invested

Capital invested by funds: $124M → $129M (+$4.34M)

23% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 22

Holders
62
Holders Change
+2
Holders Change %
+3.33%
% of All Funds
1.35%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
17
Reduced
22
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$11.7M
2
VEA
Virtus ETF Advisers
New York
+$2.36M
3
GI
Gradient Investments
Minnesota
+$831K
4
Invesco
Invesco
Georgia
+$691K
5
EIA
Edgemoor Investment Advisors
Maryland
+$549K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$2.9M
2
Bank of America
Bank of America
North Carolina
-$1.37M
3
SIA
Sit Investment Associates
Minnesota
-$1.31M
4
AAMU
Amundi Asset Management US
Massachusetts
-$1.18M
5
AAM
Advisors Asset Management
Colorado
-$705K
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
51
AlphaMark Advisors
Kentucky
$35K – – –
QCIG
52
Quad-Cities Investment Group
Iowa
$31K +$409 +34 +1%
BCA
53
Berman Capital Advisors
Georgia
$16K +$16.1K +1,336 New
CFN
54
Cordasco Financial Network
Florida
$13K – – –
BFEC
55
Benjamin F. Edwards & Company
Missouri
$12K – – –
TC
56
Truvestments Capital
Florida
$12K – – –
RIA
57
Realta Investment Advisors
Delaware
$10K +$9.63K +800 New
RCAG
58
Rehmann Capital Advisory Group
Michigan
$7.09K +$108 +9 +2%
AG
59
Advisor Group
Arizona
$7K -$1.56K -130 -17%
ASN
60
Advisory Services Network
Georgia
$7K +$5.56K +462 +453%
RCM
61
Rivernorth Capital Management
Florida
$5K -$2.9M -241,139 -37%
APA
62
American Portfolios Advisors
New York
$3.77K – – –
AAMU
63
Amundi Asset Management US
Massachusetts
– -$1.18M -100,000 Closed
COLIM
64
City of London Investment Management
United Kingdom
– -$423K -35,782 Closed
1 2
3

FCT Hedge Fund Activity: Q2 2019 in Review

62 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q2 2019, worth a combined $129M — up 3.5% from $124M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new FCT positions and 2 closed out — a net gain of 4 holders — while 17 added to existing stakes and 22 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $11.7M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.9M.

  • 62 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q2 2019, up from 60 in Q1 2019.
  • Funds reported $129M of First Trust Senior Floating Rate Income Fund II stock for Q2 2019, up 3.5% quarter-over-quarter.
  • 6 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q2 2019 and 2 closed out, a net change of +4 holders.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q2 2019 was Saba Capital Management, an estimated $11.7M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q2 2019 was Rivernorth Capital Management, an estimated $2.9M sold.

Based on aggregated 13F filings for Q2 2019.