First Trust Senior Floating Rate Income Fund II
FCT
80 hedge funds and large institutions have $97.8M invested in First Trust Senior Floating Rate Income Fund II in 2022 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 24 increasing their positions, 20 reducing their positions, and 7 closing their positions.
229% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 7
23% more funds holding
Funds holding: 65 → 80 (+15)
20% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 20
9% more capital invested
Capital invested by funds: $89.4M → $97.8M (+$8.39M)
5.05% more ownership
Funds ownership: 34.43% → 39.48% (+5%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$4.57M |
| 2 |
RVPG
Relative Value Partners Group
|
+$2.48M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$1.94M |
| 4 |
Morgan Stanley
New York
|
+$1.72M |
| 5 |
WWMSC
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
|
+$1.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$738K |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$724K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$558K |
| 4 |
EIA
Edgemoor Investment Advisors
Bethesda,
Maryland
|
-$387K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$311K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KFI
76
Key Financial Inc
West Chester,
Pennsylvania
| $2.67K | – | – | – |
|
|
CA
77
CoreCap Advisors
Southfield,
Michigan
| $2.3K | +$2.37K | +241 | New |
|
|
NC
78
NewSquare Capital
Newtown Square,
Pennsylvania
| $2.21K | +$2.28K | +232 | New |
|
|
TRCT
79
Tower Research Capital (TRC)
New York
| $1K | +$1.08K | +110 | New |
|
|
HNB
80
Huntington National Bank
Columbus,
Ohio
| $10 | – | – | – |
|
81
Fidelity Investments
Boston,
Massachusetts
| $10 | +$10 | +1 | New |
|
|
AAS
82
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$302K | -30,276 | Closed |
|
83
HighTower Advisors
Chicago,
Illinois
| – | -$182K | -18,240 | Closed |
|
|
OC
84
Oppenheimer & Co
New York
| – | -$161K | -16,132 | Closed |
|
|
DFA
85
DHJJ Financial Advisors
Naperville,
Illinois
| – | -$131K | -13,125 | Closed |
|
86
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$11K | -1,126 | Closed |
|
|
AA
87
AlphaMark Advisors
Ft. Wright,
Kentucky
| – | -$10K | -1,000 | Closed |
|
|
PGAM
88
Princeton Global Asset Management
Princeton,
New Jersey
| – | -$4K | -400 | Closed |
|
FCT Hedge Fund Activity: Q4 2022 in Review
80 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q4 2022, worth a combined $97.8M — up 9.4% from $89.4M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new FCT positions and 7 closed out — a net gain of 16 holders — while 24 added to existing stakes and 20 trimmed.
The largest buyer was 1607 Capital Partners, opening a new position worth an estimated $4.57M. The largest seller was Bank of America, cutting an estimated $738K.
- 80 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q4 2022, up from 65 in Q3 2022.
- Funds reported $97.8M of First Trust Senior Floating Rate Income Fund II stock for Q4 2022, up 9.4% quarter-over-quarter.
- 23 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q4 2022 and 7 closed out, a net change of +16 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q4 2022 was 1607 Capital Partners, an estimated $4.57M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q4 2022 was Bank of America, an estimated $738K sold.
Based on aggregated 13F filings for Q4 2022.