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FCT

First Trust Senior Floating Rate Income Fund II

44 hedge funds and large institutions have $66.8M invested in First Trust Senior Floating Rate Income Fund II in 2013 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 13 increasing their positions, 12 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

600% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 2

38% more funds holding

Funds holding: 3244 (+12)

7% more capital invested

Capital invested by funds: $62.4M → $66.8M (+$4.36M)

8% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 12

0.92% more ownership

Funds ownership: 16.34%17.26% (+0.92%)

Holders
44
Holders Change
+12
Holders Change %
+37.5%
% of All Funds
1.28%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
14
Increased
13
Reduced
12
Closed
2
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$27M -$1.22M -85,000 -4%
U
2
UBS
Switzerland
$7.92M +$2.26M +156,930 +40%
Wells Fargo
3
Wells Fargo
California
$4.75M -$502K -34,879 -10%
GC
4
Guggenheim Capital
Illinois
$4.21M -$1.1M -76,647 -21%
Morgan Stanley
5
Morgan Stanley
New York
$3.74M -$124K -8,613 -3%
Invesco
6
Invesco
Georgia
$2.65M +$136K +9,450 +5%
RJFSA
7
Raymond James Financial Services Advisors
Florida
$2.28M -$24.1K -1,676 -1%
CS
8
Credit Suisse
Switzerland
$1.58M -$19.2K -1,337 -1%
LPL Financial
9
LPL Financial
California
$1.52M -$234K -16,234 -13%
RJA
10
Raymond James & Associates
Florida
$1.32M +$134K +9,318 +11%
JP Morgan Chase
11
JP Morgan Chase
New York
$1.24M +$1.23M +85,552 New
PP
12
Paloma Partners
Connecticut
$1.1M +$1.1M +76,091 New
ARC
13
Absolute Return Capital
Massachusetts
$1.02M +$61K +4,239 +6%
HK
14
Horizon Kinetics
New York
$766K
AI
15
Atria Investments
North Carolina
$689K +$117K +8,148 +21%
GI
16
Gradient Investments
Minnesota
$507K +$420K +29,168 +502%
RIL
17
Rothschild Investment LLC
Illinois
$493K +$489K +34,000 New
Deutsche Bank
18
Deutsche Bank
Germany
$486K -$340K -23,644 -41%
WAM
19
Weiss Asset Management
Massachusetts
$385K +$383K +26,583 New
Commonwealth Equity Services
20
Commonwealth Equity Services
Massachusetts
$378K -$59.6K -4,141 -14%
SG Americas Securities
21
SG Americas Securities
New York
$326K +$324K +22,499 New
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$290K -$20.6K -1,433 -7%
WAM
23
Wolverine Asset Management
Illinois
$286K +$63.2K +4,391 +29%
LPC
24
Loeb Partners Corp
New York
$260K
Citigroup
25
Citigroup
New York
$218K +$189K +13,147 +678%

FCT Hedge Fund Activity: Q4 2013 in Review

44 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q4 2013, worth a combined $66.8M — up 7% from $62.4M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new FCT positions and 2 closed out — a net gain of 12 holders — while 13 added to existing stakes and 12 trimmed.

The largest buyer was UBS, adding an estimated $2.26M. The largest seller was Bank of America, cutting an estimated $1.22M.

  • 44 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q4 2013, up from 32 in Q3 2013.
  • Funds reported $66.8M of First Trust Senior Floating Rate Income Fund II stock for Q4 2013, up 7% quarter-over-quarter.
  • 14 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q4 2013 and 2 closed out, a net change of +12 holders.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q4 2013 was UBS, an estimated $2.26M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q4 2013 was Bank of America, an estimated $1.22M sold.

Based on aggregated 13F filings for Q4 2013.