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FCT

First Trust Senior Floating Rate Income Fund II
FCT

74 hedge funds and large institutions have $107M invested in First Trust Senior Floating Rate Income Fund II in 2023 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 16 increasing their positions, 26 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.01% more ownership

Funds ownership: 41.66% → 41.66% (+0.01%)

1% less capital invested

Capital invested by funds: $108M → $107M (-$672K)

8% less funds holding

Funds holding: 80 → 74 (-6)

33% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 15

38% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 26

Holders
74
Holders Change
-6
Holders Change %
-7.5%
% of All Funds
1.16%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
16
Reduced
26
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$1.8M
2
Morgan Stanley
Morgan Stanley
New York
+$1.33M
3
RVPG
Relative Value Partners Group
+$899K
4
CCP
Clough Capital Partners
Massachusetts
+$641K
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$611K

Top Sellers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
-$1.41M
2
AC
Almitas Capital
California
-$878K
3
LSC
Logan Stone Capital
Illinois
-$569K
4
LCM
Landscape Capital Management
New Jersey
-$528K
5
JP Morgan Chase
JP Morgan Chase
New York
-$513K
Name Holding Trade Value Shares
Change 		Change in
Stake
WAM
76
Wolverine Asset Management
Illinois
– -$1.41M -141,581 Closed
AC
77
Almitas Capital
California
– -$878K -88,191 Closed
HighTower Advisors
78
HighTower Advisors
Illinois
– -$313K -31,484 Closed
Cohen & Steers
79
Cohen & Steers
New York
– -$249K -25,000 Closed
OFG
80
OTA Financial Group
New York
– -$201K -20,208 Closed
Koshinski Asset Management
81
Koshinski Asset Management
Illinois
– -$109K -10,997 Closed
RJFSA
82
Raymond James Financial Services Advisors
Florida
– -$109K -10,929 Closed
HF
83
HRT Financial
New York
– -$108K -10,873 Closed
IWC
84
Integrated Wealth Concepts
Massachusetts
– -$107K -10,758 Closed
IAIM
85
International Assets Investment Management
Florida
– -$106K -10,613 Closed
WE
86
Wealth Effects
Massachusetts
– -$102K -10,240 Closed
WEG
87
World Equity Group
Illinois
– -$353K -5,713 Closed
ASN
88
Advisory Services Network
Georgia
– -$45.6K -4,586 Closed
FMP
89
Financial Management Professionals
Texas
– -$25K -2,500 Closed
Bessemer Group
90
Bessemer Group
New Jersey
– -$6K -635 Closed
1 2 3
4

FCT Hedge Fund Activity: Q2 2023 in Review

74 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q2 2023, worth a combined $107M — down 0.62% from $108M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of FCT and 10 opened new positions — a net loss of 5 holders — while 26 trimmed existing stakes and 16 added.

The largest buyer was LPL Financial, adding an estimated $1.8M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $1.41M sold.

  • 74 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q2 2023, down from 80 in Q1 2023.
  • Funds reported $107M of First Trust Senior Floating Rate Income Fund II stock for Q2 2023, down 0.62% quarter-over-quarter.
  • 10 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q2 2023 and 15 closed out, a net change of -5 holders.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q2 2023 was LPL Financial, an estimated $1.8M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q2 2023 was Wolverine Asset Management, an estimated $1.41M sold.

Based on aggregated 13F filings for Q2 2023.