First Trust Senior Floating Rate Income Fund II
FCT
70 hedge funds and large institutions have $90M invested in First Trust Senior Floating Rate Income Fund II in 2022 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 23 increasing their positions, 20 reducing their positions, and 4 closing their positions.
175% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 4
15% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 20
11% more funds holding
Funds holding: 63 → 70 (+7)
1.72% more ownership
Funds ownership: 32.95% → 34.67% (+1.7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
16% less capital invested
Capital invested by funds: $108M → $90M (-$17.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$2.54M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.72M |
| 3 |
EE
EWG Elevate
Roseville,
California
|
+$1.27M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.12M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$746K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
-$1.52M |
| 2 |
Morgan Stanley
New York
|
-$735K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$681K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$449K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$374K |
FCT Hedge Fund Activity: Q2 2022 in Review
70 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q2 2022, worth a combined $90M — down 16% from $108M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FCT positions and 4 closed out — a net gain of 7 holders — while 23 added to existing stakes and 20 trimmed.
The largest buyer was Oaktree Capital Management, opening a new position worth an estimated $2.54M. The largest seller was Stifel Financial, cutting an estimated $1.52M.
- 70 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q2 2022, up from 63 in Q1 2022.
- Funds reported $90M of First Trust Senior Floating Rate Income Fund II stock for Q2 2022, down 16% quarter-over-quarter.
- 11 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q2 2022 and 4 closed out, a net change of +7 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q2 2022 was Oaktree Capital Management, an estimated $2.54M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q2 2022 was Stifel Financial, an estimated $1.52M sold.
Based on aggregated 13F filings for Q2 2022.