First Trust Senior Floating Rate Income Fund II
FCT
76 hedge funds and large institutions have $134M invested in First Trust Senior Floating Rate Income Fund II in 2023 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 19 increasing their positions, 24 reducing their positions, and 5 closing their positions.
180% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 5
24% more capital invested
Capital invested by funds: $108M → $134M (+$26.4M)
13% more funds holding
Funds holding: 67 → 76 (+9)
9.71% more ownership
Funds ownership: 41.56% → 51.27% (+9.7%)
21% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$23M |
| 2 |
GA
GraniteShares Advisors
New York
|
+$1.47M |
| 3 |
RVPG
Relative Value Partners Group
|
+$1.38M |
| 4 |
JRCM
Jones Road Capital Management
New York
|
+$1.33M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$629K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.47M |
| 2 |
EW
Evoke Wealth
Los Angeles,
California
|
-$750K |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$448K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$390K |
| 5 |
MC
Matisse Capital
Portland,
Oregon
|
-$333K |
FCT Hedge Fund Activity: Q4 2023 in Review
76 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q4 2023, worth a combined $134M — up 24% from $108M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new FCT positions and 5 closed out — a net gain of 9 holders — while 19 added to existing stakes and 24 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $23M. The largest seller was Bank of America, cutting an estimated $1.47M.
- 76 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q4 2023, up from 67 in Q3 2023.
- Funds reported $134M of First Trust Senior Floating Rate Income Fund II stock for Q4 2023, up 24% quarter-over-quarter.
- 14 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q4 2023 and 5 closed out, a net change of +9 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q4 2023 was Morgan Stanley, an estimated $23M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q4 2023 was Bank of America, an estimated $1.47M sold.
Based on aggregated 13F filings for Q4 2023.