First Trust Senior Floating Rate Income Fund II
FCT
49 hedge funds and large institutions have $106M invested in First Trust Senior Floating Rate Income Fund II in 2016 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 13 reducing their positions, and 3 closing their positions.
267% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 3
62% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 13
17% more funds holding
Funds holding: 42 → 49 (+7)
4% less capital invested
Capital invested by funds: $110M → $106M (-$4.69M)
1.56% less ownership
Funds ownership: 30.21% → 28.66% (-1.6%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.42M |
| 2 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$2.4M |
| 3 |
FFA
First Foundation Advisors
Irvine,
California
|
+$1.38M |
| 4 |
JP Morgan Chase
New York
|
+$963K |
| 5 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
+$946K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$7.22M |
| 2 |
BCC
Bain Capital Credit
Boston,
Massachusetts
|
-$2.63M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.5M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.4M |
| 5 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$1.2M |
FCT Hedge Fund Activity: Q4 2016 in Review
49 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q4 2016, worth a combined $106M — down 4.2% from $110M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FCT positions and 3 closed out — a net gain of 8 holders — while 21 added to existing stakes and 13 trimmed.
The largest buyer was Bank of America, adding an estimated $2.42M. The largest seller was Baillie Gifford & Co, cutting an estimated $7.22M.
- 49 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q4 2016, up from 42 in Q3 2016.
- Funds reported $106M of First Trust Senior Floating Rate Income Fund II stock for Q4 2016, down 4.2% quarter-over-quarter.
- 11 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q4 2016 and 3 closed out, a net change of +8 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q4 2016 was Bank of America, an estimated $2.42M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q4 2016 was Baillie Gifford & Co, an estimated $7.22M sold.
Based on aggregated 13F filings for Q4 2016.