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FCT

First Trust Senior Floating Rate Income Fund II
FCT

85 hedge funds and large institutions have $85.8M invested in First Trust Senior Floating Rate Income Fund II in 2026 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 20 increasing their positions, 31 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 10

2.59% less ownership

Funds ownership: 36.85% → 34.26% (-2.6%)

3% less funds holding

Funds holding: 88 → 85 (-3)

11% less capital invested

Capital invested by funds: $96.4M → $85.8M (-$10.6M)

35% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 31

Holders
85
Holders Change
-3
Holders Change %
-3.41%
% of All Funds
1.05%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
20
Reduced
31
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AC
Almitas Capital
California
+$2.91M
2
HC
Hourglass Capital
Texas
+$1.12M
3
IAA
Independent Advisor Alliance
North Carolina
+$1.09M
4
Raymond James Financial
Raymond James Financial
Florida
+$611K
5
Stifel Financial
Stifel Financial
Missouri
+$280K

Top Sellers

1
SIA
Sit Investment Associates
Minnesota
-$2.6M
2
Morgan Stanley
Morgan Stanley
New York
-$2.22M
3
IA
IFP Advisors
Florida
-$1.67M
4
WAM
Wolverine Asset Management
Illinois
-$962K
5
Invesco
Invesco
Georgia
-$881K
Name Holding Trade Value Shares
Change 		Change in
Stake
KWA
51
Kingswood Wealth Advisors
California
$165K -$3.2K -324 -2%
NAS
52
NWF Advisory Services
California
$150K -$34.4K -3,480 -18%
MAWA
53
Moss Adams Wealth Advisors
Washington
$146K – – –
AA
54
Advisory Advocates
Michigan
$121K – – –
HA
55
Helium Advisors
Washington
$120K +$3.13K +317 +3%
CIA
56
Concurrent Investment Advisors
Florida
$118K – – –
NFG
57
Nations Financial Group
Iowa
$115K -$17.4K -1,761 -13%
SA
58
Sanctuary Advisors
Indiana
$104K -$204K -20,625 -66%
Susquehanna International Group
59
Susquehanna International Group
Pennsylvania
$102K -$579K -58,600 -85%
AW
60
Alteri Wealth
California
$100K – – –
CFB
61
Cullen/Frost Bankers
Texas
$77.1K – – –
NS
62
NBC Securities
Alabama
$38.6K +$11.8K +1,195 +43%
MCM
63
MAI Capital Management
Ohio
$26K – – –
SPIA
64
Steward Partners Investment Advisory
New York
$23.9K – – –
AIM
65
Axiom Investment Management
New York
$21.3K +$21.8K +2,210 New
PWPS
66
Pinnacle Wealth Planning Services
Ohio
$18.2K -$6.89K -697 -27%
CA
67
CoreCap Advisors
Michigan
$16.8K +$14.8K +1,500 +622%
TWC
68
TD Waterhouse Canada
Ontario, Canada
$13.3K – – –
WT
69
Whittier Trust
California
$12.8K – – –
IA
70
IFP Advisors
Florida
$11.6K -$1.67M -169,307 -99%
HI
71
Harbour Investments
Wisconsin
$11.3K +$11.6K +1,169 New
BNP Paribas Financial Markets
72
BNP Paribas Financial Markets
France
$8.74K – – –
PGAM
73
Princeton Global Asset Management
New Jersey
$8.68K – – –
WA
74
WPG Advisers
Maryland
$8.09K -$1.86K -188 -18%
HWP
75
Highline Wealth Partners
California
$7.71K – – –
1 2
3
4

FCT Hedge Fund Activity: Q1 2026 in Review

85 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q1 2026, worth a combined $85.8M — down 11% from $96.4M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new FCT positions and 10 closed out — a net gain of 1 holder — while 20 added to existing stakes and 31 trimmed.

The largest buyer was Almitas Capital, adding an estimated $2.91M. The largest seller was Sit Investment Associates, cutting an estimated $2.6M.

  • 85 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q1 2026, down from 88 in Q4 2025.
  • Funds reported $85.8M of First Trust Senior Floating Rate Income Fund II stock for Q1 2026, down 11% quarter-over-quarter.
  • 11 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q1 2026 and 10 closed out, a net change of +1 holder.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q1 2026 was Almitas Capital, an estimated $2.91M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q1 2026 was Sit Investment Associates, an estimated $2.6M sold.

Based on aggregated 13F filings for Q1 2026.