First Trust Senior Floating Rate Income Fund II
FCT
61 hedge funds and large institutions have $100M invested in First Trust Senior Floating Rate Income Fund II in 2017 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 16 increasing their positions, 16 reducing their positions, and 4 closing their positions.
350% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 4
30% more funds holding
Funds holding: 47 → 61 (+14)
2.36% more ownership
Funds ownership: 26.7% → 29.06% (+2.4%)
4% more capital invested
Capital invested by funds: $96.4M → $100M (+$3.75M)
0% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
+$8.27M |
| 2 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$1.01M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$760K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$700K |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
+$371K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$3.03M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.22M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$632K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$437K |
| 5 |
GI
Gradient Investments
Arden Hills,
Minnesota
|
-$278K |
FCT Hedge Fund Activity: Q4 2017 in Review
61 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q4 2017, worth a combined $100M — up 3.9% from $96.4M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new FCT positions and 4 closed out — a net gain of 14 holders — while 16 added to existing stakes and 16 trimmed.
The largest buyer was Relative Value Partners Group, adding an estimated $8.27M. The largest seller was Bank of America, cutting an estimated $3.03M.
- 61 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q4 2017, up from 47 in Q3 2017.
- Funds reported $100M of First Trust Senior Floating Rate Income Fund II stock for Q4 2017, up 3.9% quarter-over-quarter.
- 18 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q4 2017 and 4 closed out, a net change of +14 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q4 2017 was Relative Value Partners Group, an estimated $8.27M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q4 2017 was Bank of America, an estimated $3.03M sold.
Based on aggregated 13F filings for Q4 2017.