First Trust Senior Floating Rate Income Fund II
FCT
49 hedge funds and large institutions have $108M invested in First Trust Senior Floating Rate Income Fund II in 2016 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 13 increasing their positions, 15 reducing their positions, and 13 closing their positions.
10% more capital invested
Capital invested by funds: $97.7M → $108M (+$10.1M)
1.61% more ownership
Funds ownership: 29.49% → 31.09% (+1.6%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less funds holding
Funds holding: 52 → 49 (-3)
13% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 15
23% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.52M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.23M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.07M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$966K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$797K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Trust Asset Management
Houston,
Texas
|
-$1.96M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$498K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$479K |
| 4 |
Squarepoint
New York
|
-$401K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$287K |
FCT Hedge Fund Activity: Q1 2016 in Review
49 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q1 2016, worth a combined $108M — up 10% from $97.7M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of FCT and 10 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 13 added.
The largest buyer was Bank of America, adding an estimated $2.52M. The largest seller was Trust Asset Management, cutting an estimated $1.96M.
- 49 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q1 2016, down from 52 in Q4 2015.
- Funds reported $108M of First Trust Senior Floating Rate Income Fund II stock for Q1 2016, up 10% quarter-over-quarter.
- 10 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q1 2016 and 13 closed out, a net change of -3 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q1 2016 was Bank of America, an estimated $2.52M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q1 2016 was Trust Asset Management, an estimated $1.96M sold.
Based on aggregated 13F filings for Q1 2016.