First Trust Senior Floating Rate Income Fund II
FCT
72 hedge funds and large institutions have $98.2M invested in First Trust Senior Floating Rate Income Fund II in 2024 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 26 increasing their positions, 20 reducing their positions, and 8 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 20
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
3% less funds holding
Funds holding: 74 → 72 (-2)
4.19% less ownership
Funds ownership: 42.71% → 38.52% (-4.2%)
14% less capital invested
Capital invested by funds: $115M → $98.2M (-$16.4M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFC
Strategic Financial Concepts
San Antonio,
Texas
|
+$2.5M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$789K |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$600K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$465K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$389K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
-$5.73M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$4.22M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.03M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.35M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$1.34M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AA
76
AQR Arbitrage
Greenwich,
Connecticut
| – | -$736K | -71,103 | Closed |
|
|
BRWA
77
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$392K | -39,157 | Closed |
|
78
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
| – | -$106K | -10,266 | Closed |
|
79
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$32.4K | -3,135 | Closed |
|
|
T
80
Tidemark
San Diego,
California
| – | -$6.76K | -653 | Closed |
|
|
CBT
81
CoreFirst Bank & Trust
Topeka,
Kansas
| – | -$3.23K | -312 | Closed |
|
FCT Hedge Fund Activity: Q2 2024 in Review
72 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q2 2024, worth a combined $98.2M — down 14% from $115M a quarter earlier.
Fund positioning in FCT was balanced in Q2 2024: 8 funds opened new positions, 8 closed out, 26 added to existing stakes and 20 trimmed.
The largest buyer was Strategic Financial Concepts, adding an estimated $2.5M. The largest seller was Relative Value Partners Group, exiting entirely with an estimated $5.73M sold.
- 72 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q2 2024, down from 74 in Q1 2024.
- Funds reported $98.2M of First Trust Senior Floating Rate Income Fund II stock for Q2 2024, down 14% quarter-over-quarter.
- 8 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q2 2024 and 8 closed out, a net change of 0 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q2 2024 was Strategic Financial Concepts, an estimated $2.5M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q2 2024 was Relative Value Partners Group, an estimated $5.73M sold.
Based on aggregated 13F filings for Q2 2024.