First Trust Senior Floating Rate Income Fund II
FCT
63 hedge funds and large institutions have $108M invested in First Trust Senior Floating Rate Income Fund II in 2022 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 14 reducing their positions, and 16 closing their positions.
93% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 14
6% more capital invested
Capital invested by funds: $101M → $108M (+$6.22M)
0.59% more ownership
Funds ownership: 32.36% → 32.95% (+0.59%)
10% less funds holding
Funds holding: 70 → 63 (-7)
38% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.68M |
| 2 |
TC
TownSquare Capital
Provo,
Utah
|
+$1.28M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.17M |
| 4 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$1.16M |
| 5 |
TWM
Titus Wealth Management
Larskpur,
California
|
+$1.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
Gradient Investments
Arden Hills,
Minnesota
|
-$2.44M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.56M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$1.39M |
| 4 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$830K |
| 5 |
BCM
Bluefin Capital Management
New York
|
-$560K |
FCT Hedge Fund Activity: Q1 2022 in Review
63 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q1 2022, worth a combined $108M — up 6.1% from $101M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of FCT and 10 opened new positions — a net loss of 6 holders — while 14 trimmed existing stakes and 27 added.
The largest buyer was Guggenheim Capital, adding an estimated $2.68M. The largest seller was Gradient Investments, cutting an estimated $2.44M.
- 63 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q1 2022, down from 70 in Q4 2021.
- Funds reported $108M of First Trust Senior Floating Rate Income Fund II stock for Q1 2022, up 6.1% quarter-over-quarter.
- 10 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q1 2022 and 16 closed out, a net change of -6 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q1 2022 was Guggenheim Capital, an estimated $2.68M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q1 2022 was Gradient Investments, an estimated $2.44M sold.
Based on aggregated 13F filings for Q1 2022.