First Trust Senior Floating Rate Income Fund II
FCT
70 hedge funds and large institutions have $101M invested in First Trust Senior Floating Rate Income Fund II in 2021 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 28 increasing their positions, 14 reducing their positions, and 9 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 14
78% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 9
9% more funds holding
Funds holding: 64 → 70 (+6)
1.59% more ownership
Funds ownership: 30.77% → 32.36% (+1.6%)
4% more capital invested
Capital invested by funds: $97.7M → $101M (+$3.56M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$1.65M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.09M |
| 3 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$1.05M |
| 4 |
EW
Evoke Wealth
Los Angeles,
California
|
+$781K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$761K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.4M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$753K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$658K |
| 4 |
JIP
Jaffetilchin Investment Partners
Tampa,
Florida
|
-$599K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$585K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Citigroup
New York
| – | -$21K | -1,701 | Closed |
|
|
HI
77
Harbour Investments
Madison,
Wisconsin
| – | -$14K | -1,169 | Closed |
|
|
RCA
78
Ranch Capital Advisors
Sarasota,
Florida
| – | -$12K | -1,000 | Closed |
|
|
GRP
79
Global Retirement Partners
San Rafael,
California
| – | -$1K | -42 | Closed |
|
FCT Hedge Fund Activity: Q4 2021 in Review
70 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q4 2021, worth a combined $101M — up 3.6% from $97.7M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new FCT positions and 9 closed out — a net gain of 7 holders — while 28 added to existing stakes and 14 trimmed.
The largest buyer was LPL Financial, adding an estimated $1.65M. The largest seller was Morgan Stanley, cutting an estimated $5.4M.
- 70 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q4 2021, up from 64 in Q3 2021.
- Funds reported $101M of First Trust Senior Floating Rate Income Fund II stock for Q4 2021, up 3.6% quarter-over-quarter.
- 16 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q4 2021 and 9 closed out, a net change of +7 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q4 2021 was LPL Financial, an estimated $1.65M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q4 2021 was Morgan Stanley, an estimated $5.4M sold.
Based on aggregated 13F filings for Q4 2021.