First Trust Senior Floating Rate Income Fund II
FCT
44 hedge funds and large institutions have $71.9M invested in First Trust Senior Floating Rate Income Fund II in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
2% more funds holding
Funds holding: 43 → 44 (+1)
1.44% more ownership
Funds ownership: 18.2% → 19.64% (+1.4%)
4% more capital invested
Capital invested by funds: $69.4M → $71.9M (+$2.53M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCC
Bain Capital Credit
Boston,
Massachusetts
|
+$4.83M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$908K |
| 3 |
GI
Gradient Investments
Arden Hills,
Minnesota
|
+$620K |
| 4 |
Morgan Stanley
New York
|
+$484K |
| 5 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$369K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
-$758K |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$657K |
| 3 |
RIL
Rothschild Investment LLC
Chicago,
Illinois
|
-$486K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$411K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$337K |
FCT Hedge Fund Activity: Q3 2014 in Review
44 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q3 2014, worth a combined $71.9M — up 3.6% from $69.4M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FCT positions and 4 closed out — a net gain of 1 holder — while 11 added to existing stakes and 10 trimmed.
The largest buyer was Bain Capital Credit, opening a new position worth an estimated $4.83M. The largest seller was UBS, cutting an estimated $758K.
- 44 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q3 2014, up from 43 in Q2 2014.
- Funds reported $71.9M of First Trust Senior Floating Rate Income Fund II stock for Q3 2014, up 3.6% quarter-over-quarter.
- 5 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q3 2014 and 4 closed out, a net change of +1 holder.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q3 2014 was Bain Capital Credit, an estimated $4.83M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q3 2014 was UBS, an estimated $758K sold.
Based on aggregated 13F filings for Q3 2014.