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FCT

First Trust Senior Floating Rate Income Fund II
FCT

68 hedge funds and large institutions have $116M invested in First Trust Senior Floating Rate Income Fund II in 2020 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 14 increasing their positions, 23 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

15% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 13

3% more funds holding

Funds holding: 66 → 68 (+2)

2% less capital invested

Capital invested by funds: $118M → $116M (-$1.96M)

2.68% less ownership

Funds ownership: 40.15% → 37.47% (-2.7%)

39% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 23

Holders
68
Holders Change
+2
Holders Change %
+3.03%
% of All Funds
1.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
14
Reduced
23
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$1.66M
2
Invesco
Invesco
Georgia
+$441K
3
Stifel Financial
Stifel Financial
Missouri
+$359K
4
OC
Oppenheimer & Co
New York
+$327K
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$319K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$3.61M
2
RCM
Rivernorth Capital Management
Florida
-$2.86M
3
CCP
Clough Capital Partners
Massachusetts
-$1.68M
4
Bank of America
Bank of America
North Carolina
-$1.07M
5
SFS
Shaker Financial Services
Virginia
-$644K
Name Holding Trade Value Shares
Change 		Change in
Stake
EW
51
Evoke Wealth
California
$107K +$102K +9,173 New
Rockefeller Capital Management
52
Rockefeller Capital Management
New York
$82K – – –
WCMNY
53
Westchester Capital Management (New York)
New York
$68K – – –
HCP
54
Hexagon Capital Partners
Arkansas
$36K – – –
CFB
55
Cullen/Frost Bankers
Texas
$35K – – –
AA
56
AlphaMark Advisors
Kentucky
$34K – – –
FIA
57
FNY Investment Advisers
New York
$23K +$22.5K +2,020 New
ASN
58
Advisory Services Network
Georgia
$18K – – –
RCA
59
Ranch Capital Advisors
Florida
$17K – – –
IAIM
60
International Assets Investment Management
Florida
$14K +$12.9K +1,162 New
CFN
61
Cordasco Financial Network
Florida
$13K – – –
PGAM
62
Princeton Global Asset Management
New Jersey
$5K – – –
CBT
63
CoreFirst Bank & Trust
Kansas
$4K +$3.48K +312 New
APA
64
American Portfolios Advisors
New York
$3.64K – – –
Citigroup
65
Citigroup
New York
$3K +$2.53K +227 New
KFI
66
Key Financial Inc
Pennsylvania
$3K +$2.98K +267 New
PAM
67
Panagora Asset Management
Massachusetts
$1K -$4.31K -387 -83%
RCM
68
Rivernorth Capital Management
Florida
– -$2.86M -260,895 Closed
SFS
69
Shaker Financial Services
Virginia
– -$644K -58,665 Closed
RJFSA
70
Raymond James Financial Services Advisors
Florida
– -$203K -18,486 Closed
Walleye Capital
71
Walleye Capital
New York
– -$192K -17,521 Closed
TWM
72
Titus Wealth Management
California
– -$148K -13,500 Closed
Jane Street
73
Jane Street
New York
– -$131K -11,937 Closed
FFA
74
Founders Financial Alliance
North Carolina
– -$22K -2,068 Closed
PNC Financial Services Group
75
PNC Financial Services Group
Pennsylvania
– -$14K -1,250 Closed
1 2
3
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FCT Hedge Fund Activity: Q4 2020 in Review

68 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q4 2020, worth a combined $116M — down 1.7% from $118M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new FCT positions and 13 closed out — a net gain of 2 holders — while 14 added to existing stakes and 23 trimmed.

The largest buyer was LPL Financial, opening a new position worth an estimated $1.66M. The largest seller was Saba Capital Management, cutting an estimated $3.61M.

  • 68 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q4 2020, up from 66 in Q3 2020.
  • Funds reported $116M of First Trust Senior Floating Rate Income Fund II stock for Q4 2020, down 1.7% quarter-over-quarter.
  • 15 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q4 2020 and 13 closed out, a net change of +2 holders.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q4 2020 was LPL Financial, an estimated $1.66M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q4 2020 was Saba Capital Management, an estimated $3.61M sold.

Based on aggregated 13F filings for Q4 2020.