First Trust Senior Floating Rate Income Fund II
FCT
74 hedge funds and large institutions have $115M invested in First Trust Senior Floating Rate Income Fund II in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 19 reducing their positions, and 12 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 19
3% less funds holding
Funds holding: 76 → 74 (-2)
8.57% less ownership
Funds ownership: 51.27% → 42.71% (-8.6%)
15% less capital invested
Capital invested by funds: $134M → $115M (-$19.8M)
17% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 12
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$791K |
| 2 |
Pathstone Holdings
Englewood,
New Jersey
|
+$518K |
| 3 |
JRCM
Jones Road Capital Management
New York
|
+$420K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$374K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$333K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$17.2M |
| 2 |
WWMSC
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
|
-$2.95M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.35M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.14M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$719K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WWMSC
76
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
| – | -$2.95M | -292,322 | Closed |
|
|
MC
77
Matisse Capital
Portland,
Oregon
| – | -$363K | -35,989 | Closed |
|
78
Walleye Capital
New York
| – | -$271K | -26,820 | Closed |
|
|
EC
79
Elequin Capital
New York
| – | -$210K | -20,830 | Closed |
|
80
Nomura Holdings
Tokyo,
Japan
| – | -$168K | -16,645 | Closed |
|
|
CCP
81
Clough Capital Partners
Boston,
Massachusetts
| – | -$167K | -16,586 | Closed |
|
82
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| – | -$155K | -15,324 | Closed |
|
83
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$98.7K | -9,785 | Closed |
|
|
QL
84
Quarry LP
New York
| – | -$57.1K | -5,664 | Closed |
|
|
ASN
85
Advisory Services Network
Atlanta,
Georgia
| – | -$46.3K | -4,586 | Closed |
|
86
Jones Financial Companies
Des Peres,
Missouri
| – | -$27.2K | -2,700 | Closed |
|
|
AA
87
AlphaMark Advisors
Ft. Wright,
Kentucky
| – | -$10K | -1,000 | Closed |
|
FCT Hedge Fund Activity: Q1 2024 in Review
74 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q1 2024, worth a combined $115M — down 15% from $134M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of FCT and 10 opened new positions — a net loss of 2 holders — while 19 trimmed existing stakes and 27 added.
The largest buyer was Commonwealth Equity Services, adding an estimated $791K. The largest seller was Morgan Stanley, cutting an estimated $17.2M.
- 74 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q1 2024, down from 76 in Q4 2023.
- Funds reported $115M of First Trust Senior Floating Rate Income Fund II stock for Q1 2024, down 15% quarter-over-quarter.
- 10 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q1 2024 and 12 closed out, a net change of -2 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q1 2024 was Commonwealth Equity Services, an estimated $791K added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q1 2024 was Morgan Stanley, an estimated $17.2M sold.
Based on aggregated 13F filings for Q1 2024.