First Trust Senior Floating Rate Income Fund II
FCT
62 hedge funds and large institutions have $108M invested in First Trust Senior Floating Rate Income Fund II in 2018 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 16 increasing their positions, 21 reducing their positions, and 12 closing their positions.
42% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 12
7% more funds holding
Funds holding: 58 → 62 (+4)
5.92% more ownership
Funds ownership: 30.85% → 36.77% (+5.9%)
2% more capital invested
Capital invested by funds: $106M → $108M (+$1.89M)
24% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.33M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.09M |
| 3 |
SCM
Saba Capital Management
New York
|
+$3.55M |
| 4 |
RVPG
Relative Value Partners Group
|
+$1.92M |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$2.37M |
| 2 |
Morgan Stanley
New York
|
-$1.69M |
| 3 |
AFP
Ausdal Financial Partners
Davenport,
Iowa
|
-$1.2M |
| 4 |
KA
Klingman & Associates
New York
|
-$920K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$393K |
FCT Hedge Fund Activity: Q4 2018 in Review
62 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q4 2018, worth a combined $108M — up 1.8% from $106M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new FCT positions and 12 closed out — a net gain of 5 holders — while 16 added to existing stakes and 21 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $4.33M. The largest seller was Cornerstone Wealth Management, exiting entirely with an estimated $2.37M sold.
- 62 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q4 2018, up from 58 in Q3 2018.
- Funds reported $108M of First Trust Senior Floating Rate Income Fund II stock for Q4 2018, up 1.8% quarter-over-quarter.
- 17 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q4 2018 and 12 closed out, a net change of +5 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q4 2018 was Rivernorth Capital Management, an estimated $4.33M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q4 2018 was Cornerstone Wealth Management, an estimated $2.37M sold.
Based on aggregated 13F filings for Q4 2018.