First Trust Senior Floating Rate Income Fund II
FCT
67 hedge funds and large institutions have $109M invested in First Trust Senior Floating Rate Income Fund II in 2024 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 27 increasing their positions, 19 reducing their positions, and 14 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 19
11% more capital invested
Capital invested by funds: $98.2M → $109M (+$10.7M)
1.97% more ownership
Funds ownership: 38.52% → 40.49% (+2%)
7% less funds holding
Funds holding: 72 → 67 (-5)
36% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$7.57M |
| 2 |
Pathstone Holdings
Englewood,
New Jersey
|
+$4.26M |
| 3 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$3.67M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.27M |
| 5 |
TI
TrueMark Investments
Chicago,
Illinois
|
+$925K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$8.32M |
| 2 |
LPL Financial
San Diego,
California
|
-$2.99M |
| 3 |
SFC
Strategic Financial Concepts
San Antonio,
Texas
|
-$2.44M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$739K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$666K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GI
76
Gradient Investments
Arden Hills,
Minnesota
| – | -$18.1K | -1,800 | Closed |
|
|
CP
77
Castleview Partners
Dallas,
Texas
| – | -$15.4K | -1,526 | Closed |
|
|
IA
78
IFP Advisors
Tampa,
Florida
| – | -$5.54K | -550 | Closed |
|
|
BCMLT
79
Beacon Capital Management LLC (Tennessee)
Franklin,
Tennessee
| – | -$3.86K | -383 | Closed |
|
|
IAIM
80
International Assets Investment Management
Orlando,
Florida
| – | -$3.42K | -339 | Closed |
|
|
CB
81
Chris Bulman
Roseville,
California
| – | -$2.52K | -250 | Closed |
|
82
AssetMark Inc
Concord,
California
| – | -$141 | -14 | Closed |
|
FCT Hedge Fund Activity: Q3 2024 in Review
67 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q3 2024, worth a combined $109M — up 11% from $98.2M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of FCT and 9 opened new positions — a net loss of 5 holders — while 19 trimmed existing stakes and 27 added.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $7.57M. The largest seller was Morgan Stanley, cutting an estimated $8.32M.
- 67 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q3 2024, down from 72 in Q2 2024.
- Funds reported $109M of First Trust Senior Floating Rate Income Fund II stock for Q3 2024, up 11% quarter-over-quarter.
- 9 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q3 2024 and 14 closed out, a net change of -5 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q3 2024 was Penserra Capital Management, an estimated $7.57M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q3 2024 was Morgan Stanley, an estimated $8.32M sold.
Based on aggregated 13F filings for Q3 2024.