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FCT

First Trust Senior Floating Rate Income Fund II
FCT

76 hedge funds and large institutions have $134M invested in First Trust Senior Floating Rate Income Fund II in 2023 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 19 increasing their positions, 24 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

180% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 5

24% more capital invested

Capital invested by funds: $108M → $134M (+$26.4M)

13% more funds holding

Funds holding: 67 → 76 (+9)

9.71% more ownership

Funds ownership: 41.56% → 51.27% (+9.7%)

21% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 24

Holders
76
Holders Change
+9
Holders Change %
+13.43%
% of All Funds
1.11%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.03%
New
14
Increased
19
Reduced
24
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$23M
2
GA
GraniteShares Advisors
New York
+$1.47M
3
RVPG
Relative Value Partners Group
+$1.38M
4
JRCM
Jones Road Capital Management
New York
+$1.33M
5
LCM
Landscape Capital Management
New Jersey
+$629K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$1.47M
2
EW
Evoke Wealth
California
-$750K
3
COLIM
City of London Investment Management
United Kingdom
-$448K
4
AAM
Advisors Asset Management
Colorado
-$390K
5
MC
Matisse Capital
Oregon
-$333K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
51
Raymond James & Associates
Florida
$125K +$21.4K +2,175 +21%
Wealth Enhancement Advisory Services
52
Wealth Enhancement Advisory Services
Minnesota
$123K -$19.7K -2,000 -14%
KAS
53
Kestra Advisory Services
Texas
$110K +$315 +32 +0.3%
SWM
54
SeaCrest Wealth Management
New York
$104K +$105K +10,675 New
CFB
55
Cullen/Frost Bankers
Texas
$101K – – –
CIA
56
Concurrent Investment Advisors
Florida
$101K +$98.5K +10,000 New
Qube Research & Technologies (QRT)
57
Qube Research & Technologies (QRT)
United Kingdom
$98.7K – – –
GWM
58
Geneos Wealth Management
Colorado
$92.6K -$1.97K -200 -2%
QL
59
Quarry LP
New York
$57.1K – – –
ASN
60
Advisory Services Network
Georgia
$46.3K +$45.2K +4,586 New
GI
61
Gradient Investments
Minnesota
$35.4K – – –
HCP
62
Hexagon Capital Partners
Arkansas
$32.9K -$1.35K -137 -4%
NS
63
NBC Securities
Alabama
$28K – – –
Jones Financial Companies
64
Jones Financial Companies
Missouri
$27.2K +$26.6K +2,700 New
CPA
65
Clear Point Advisors
New York
$21.7K +$21.2K +2,149 New
Comerica Bank
66
Comerica Bank
Texas
$13.8K +$3.34K +339 +33%
WT
67
Whittier Trust
California
$13.7K – – –
GRP
68
Global Retirement Partners
California
$12.6K +$20 +2 +0.2%
AA
69
AlphaMark Advisors
Kentucky
$10K – – –
National Bank of Canada
70
National Bank of Canada
Quebec, Canada
$9.87K – – –
T
71
Tidemark
California
$6.59K +$6.43K +653 New
IA
72
IFP Advisors
Florida
$5.55K -$5.57K -565 -51%
BCMLT
73
Beacon Capital Management LLC (Tennessee)
Tennessee
$3.83K – – –
CBT
74
CoreFirst Bank & Trust
Kansas
$3.15K – – –
GWSG
75
GPS Wealth Strategies Group
Colorado
$1.51K – – –
1 2
3
4

FCT Hedge Fund Activity: Q4 2023 in Review

76 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q4 2023, worth a combined $134M — up 24% from $108M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new FCT positions and 5 closed out — a net gain of 9 holders — while 19 added to existing stakes and 24 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $23M. The largest seller was Bank of America, cutting an estimated $1.47M.

  • 76 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q4 2023, up from 67 in Q3 2023.
  • Funds reported $134M of First Trust Senior Floating Rate Income Fund II stock for Q4 2023, up 24% quarter-over-quarter.
  • 14 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q4 2023 and 5 closed out, a net change of +9 holders.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q4 2023 was Morgan Stanley, an estimated $23M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q4 2023 was Bank of America, an estimated $1.47M sold.

Based on aggregated 13F filings for Q4 2023.