First Trust Senior Floating Rate Income Fund II
FCT
42 hedge funds and large institutions have $110M invested in First Trust Senior Floating Rate Income Fund II in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 14 reducing their positions, and 8 closing their positions.
8% more capital invested
Capital invested by funds: $102M → $110M (+$8.34M)
0.49% more ownership
Funds ownership: 29.72% → 30.21% (+0.49%)
0% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 14
9% less funds holding
Funds holding: 46 → 42 (-4)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FFA
First Foundation Advisors
Irvine,
California
|
+$2.67M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.44M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$777K |
| 4 |
GI
Gradient Investments
Arden Hills,
Minnesota
|
+$522K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$421K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
-$2.42M |
| 2 |
Morgan Stanley
New York
|
-$1.81M |
| 3 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$568K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$424K |
| 5 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$402K |
FCT Hedge Fund Activity: Q3 2016 in Review
42 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q3 2016, worth a combined $110M — up 8.2% from $102M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FCT and 4 opened new positions — a net loss of 4 holders — while 14 trimmed existing stakes and 14 added.
The largest buyer was First Foundation Advisors, opening a new position worth an estimated $2.67M. The largest seller was Relative Value Partners Group, exiting entirely with an estimated $2.42M sold.
- 42 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q3 2016, down from 46 in Q2 2016.
- Funds reported $110M of First Trust Senior Floating Rate Income Fund II stock for Q3 2016, up 8.2% quarter-over-quarter.
- 4 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q3 2016 and 8 closed out, a net change of -4 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q3 2016 was First Foundation Advisors, an estimated $2.67M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q3 2016 was Relative Value Partners Group, an estimated $2.42M sold.
Based on aggregated 13F filings for Q3 2016.