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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$1.66M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$441K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$359K |
| 4 |
OC
Oppenheimer & Co
New York
|
+$327K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$319K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$3.61M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.86M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$1.68M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.07M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$644K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BFEC
76
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$11K | -1,000 | Closed |
|
77
Barclays
London,
United Kingdom
| – | -$11K | -900 | Closed |
|
|
CSPIA
78
Cary Street Partners Investment Advisory
Richmond,
Virginia
| – | -$8K | -725 | Closed |
|
|
SPIA
79
Steward Partners Investment Advisory
New York
| – | -$4K | -365 | Closed |
|
|
DI
80
Disciplined Investments
Tulsa,
Oklahoma
| – | -$2K | -191 | Closed |
|
|
GRP
81
Global Retirement Partners
San Rafael,
California
| – | +$11 | +1 | +3% |
|
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.