First Trust Senior Floating Rate Income Fund II
FCT
62 hedge funds and large institutions have $129M invested in First Trust Senior Floating Rate Income Fund II in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 22 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
3% more funds holding
Funds holding: 60 → 62 (+2)
2.3% more ownership
Funds ownership: 39.22% → 41.52% (+2.3%)
3% more capital invested
Capital invested by funds: $124M → $129M (+$4.34M)
23% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$11.7M |
| 2 |
VEA
Virtus ETF Advisers
New York
|
+$2.36M |
| 3 |
GI
Gradient Investments
Arden Hills,
Minnesota
|
+$831K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$691K |
| 5 |
EIA
Edgemoor Investment Advisors
Bethesda,
Maryland
|
+$549K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.37M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.31M |
| 4 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
-$1.18M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$705K |
FCT Hedge Fund Activity: Q2 2019 in Review
62 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q2 2019, worth a combined $129M — up 3.5% from $124M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FCT positions and 2 closed out — a net gain of 4 holders — while 17 added to existing stakes and 22 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $11.7M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.9M.
- 62 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q2 2019, up from 60 in Q1 2019.
- Funds reported $129M of First Trust Senior Floating Rate Income Fund II stock for Q2 2019, up 3.5% quarter-over-quarter.
- 6 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q2 2019 and 2 closed out, a net change of +4 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q2 2019 was Saba Capital Management, an estimated $11.7M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q2 2019 was Rivernorth Capital Management, an estimated $2.9M sold.
Based on aggregated 13F filings for Q2 2019.