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FCT

First Trust Senior Floating Rate Income Fund II
FCT

66 hedge funds and large institutions have $118M invested in First Trust Senior Floating Rate Income Fund II in 2020 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 17 increasing their positions, 25 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 7

3% more funds holding

Funds holding: 64 → 66 (+2)

4.03% less ownership

Funds ownership: 44.18% → 40.15% (-4%)

9% less capital invested

Capital invested by funds: $129M → $118M (-$11M)

32% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 25

Holders
66
Holders Change
+2
Holders Change %
+3.13%
% of All Funds
1.33%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
17
Reduced
25
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.36M
2
OC
Oppenheimer & Co
New York
+$313K
3
BRWA
B. Riley Wealth Advisors
Florida
+$288K
4
SFS
Shaker Financial Services
Virginia
+$246K
5
GC
Guggenheim Capital
Illinois
+$223K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$6.42M
2
SCM
Saba Capital Management
New York
-$3.46M
3
MC
Matisse Capital
Oregon
-$1.3M
4
Bank of America
Bank of America
North Carolina
-$1.28M
5
WMG
WESCAP Management Group
California
-$1.04M
Name Holding Trade Value Shares
Change 		Change in
Stake
HCP
51
Hexagon Capital Partners
Arkansas
$33K +$34.9K +3,180 New
AA
52
AlphaMark Advisors
Kentucky
$32K – – –
FFA
53
Founders Financial Alliance
North Carolina
$22K +$22.7K +2,068 New
ASN
54
Advisory Services Network
Georgia
$17K +$16.7K +1,517 New
RCA
55
Ranch Capital Advisors
Florida
$16K – – –
PNC Financial Services Group
56
PNC Financial Services Group
Pennsylvania
$14K – – –
CFN
57
Cordasco Financial Network
Florida
$12K – – –
BFEC
58
Benjamin F. Edwards & Company
Missouri
$11K – – –
Barclays
59
Barclays
United Kingdom
$11K +$9.89K +900 New
CSPIA
60
Cary Street Partners Investment Advisory
Virginia
$8K +$7.96K +725 New
PAM
61
Panagora Asset Management
Massachusetts
$5K – – –
SPIA
62
Steward Partners Investment Advisory
New York
$4K -$101K -9,164 -96%
PGAM
63
Princeton Global Asset Management
New Jersey
$4K – – –
APA
64
American Portfolios Advisors
New York
$3.43K – – –
DI
65
Disciplined Investments
Oklahoma
$2K +$2.1K +191 New
MC
66
Matisse Capital
Oregon
– -$1.3M -119,643 Closed
CRC
67
Curi RMB Capital
Illinois
– -$466K -42,777 Closed
AA
68
AQR Arbitrage
Connecticut
– -$319K -29,260 Closed
Walleye Trading
69
Walleye Trading
New York
– -$119K -10,957 Closed
CAN
70
Cetera Advisor Networks
California
– -$102K -9,410 Closed
VFA
71
Valeo Financial Advisors
Indiana
– -$16K -1,432 Closed
Citigroup
72
Citigroup
New York
– -$2K -166 Closed
GRP
73
Global Retirement Partners
California
– +$11 +1 +3%
1 2
3

FCT Hedge Fund Activity: Q3 2020 in Review

66 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q3 2020, worth a combined $118M — down 8.6% from $129M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new FCT positions and 7 closed out — a net gain of 2 holders — while 17 added to existing stakes and 25 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.36M. The largest seller was Rivernorth Capital Management, cutting an estimated $6.42M.

  • 66 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q3 2020, up from 64 in Q2 2020.
  • Funds reported $118M of First Trust Senior Floating Rate Income Fund II stock for Q3 2020, down 8.6% quarter-over-quarter.
  • 9 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q3 2020 and 7 closed out, a net change of +2 holders.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q3 2020 was Morgan Stanley, an estimated $1.36M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q3 2020 was Rivernorth Capital Management, an estimated $6.42M sold.

Based on aggregated 13F filings for Q3 2020.