We are live on ! Find out more
FCT

First Trust Senior Floating Rate Income Fund II

45 hedge funds and large institutions have $71.4M invested in First Trust Senior Floating Rate Income Fund II in 2014 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 13 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 7

7% more capital invested

Capital invested by funds: $66.8M → $71.4M (+$4.64M)

2% more funds holding

Funds holding: 4445 (+1)

1.26% more ownership

Funds ownership: 17.26%18.53% (+1.3%)

15% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 13

Holders
45
Holders Change
+1
Holders Change %
+2.27%
% of All Funds
1.3%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
8
Increased
11
Reduced
13
Closed
7
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
$27.5M +$545K +37,924 +2%
U
2
UBS
Switzerland
$8.81M +$909K +63,294 +12%
Wells Fargo
3
Wells Fargo
California
$4.16M -$567K -39,512 -12%
Morgan Stanley
4
Morgan Stanley
New York
$3.57M -$152K -10,606 -4%
GC
5
Guggenheim Capital
Illinois
$3.4M -$793K -55,251 -19%
Invesco
6
Invesco
Georgia
$2.76M +$118K +8,208 +4%
RJFSA
7
Raymond James Financial Services Advisors
Florida
$2.28M +$57 +4 +0%
TAM
8
Trust Asset Management
Texas
$2.22M +$2.2M +153,464 New
RJA
9
Raymond James & Associates
Florida
$1.73M +$412K +28,682 +32%
BF
10
BOK Financial
Oklahoma
$1.6M +$1.59M +110,800 New
CS
11
Credit Suisse
Switzerland
$1.56M -$12.7K -883 -0.8%
LPL Financial
12
LPL Financial
California
$1.49M -$24.1K -1,679 -2%
RCM
13
Robinson Capital Management
Michigan
$1.37M +$1.36M +94,620 New
JP Morgan Chase
14
JP Morgan Chase
New York
$1.24M
ARC
15
Absolute Return Capital
Massachusetts
$1.05M +$27.1K +1,888 +3%
GI
16
Gradient Investments
Minnesota
$840K +$333K +23,189 +66%
HK
17
Horizon Kinetics
New York
$756K -$7.18K -500 -0.9%
MIG
18
Mariner Investment Group
New York
$638K +$634K +44,129 New
CA
19
Cornerstone Advisors
North Carolina
$626K +$623K +43,356 New
Stifel Financial
20
Stifel Financial
Missouri
$556K +$552K +38,465 New
RIL
21
Rothschild Investment LLC
Illinois
$491K
Deutsche Bank
22
Deutsche Bank
Germany
$484K
WAM
23
Wolverine Asset Management
Illinois
$409K +$124K +8,610 +44%
Royal Bank of Canada
24
Royal Bank of Canada
Ontario, Canada
$328K +$38.1K +2,653 +13%
AI
25
Atria Investments
North Carolina
$264K -$420K -29,253 -62%

FCT Hedge Fund Activity: Q1 2014 in Review

45 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q1 2014, worth a combined $71.4M — up 7% from $66.8M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new FCT positions and 7 closed out — a net gain of 1 holder — while 11 added to existing stakes and 13 trimmed.

The largest buyer was BOK Financial, opening a new position worth an estimated $1.59M. The largest seller was Paloma Partners, exiting entirely with an estimated $1.1M sold.

  • 45 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q1 2014, up from 44 in Q4 2013.
  • Funds reported $71.4M of First Trust Senior Floating Rate Income Fund II stock for Q1 2014, up 7% quarter-over-quarter.
  • 8 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q1 2014 and 7 closed out, a net change of +1 holder.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q1 2014 was BOK Financial, an estimated $1.59M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q1 2014 was Paloma Partners, an estimated $1.1M sold.

Based on aggregated 13F filings for Q1 2014.