First Trust Senior Floating Rate Income Fund II
FCT
69 hedge funds and large institutions have $110M invested in First Trust Senior Floating Rate Income Fund II in 2020 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 21 increasing their positions, 24 reducing their positions, and 8 closing their positions.
88% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 8
6% more funds holding
Funds holding: 65 → 69 (+4)
0.07% less ownership
Funds ownership: 43.32% → 43.25% (-0.07%)
13% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 24
24% less capital invested
Capital invested by funds: $146M → $110M (-$35.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.51M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$1.66M |
| 3 |
WMG
WESCAP Management Group
Glendale,
California
|
+$1.45M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$715K |
| 5 |
6M
6 Meridian
Wichita,
Kansas
|
+$527K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$3.84M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.2M |
| 3 |
RVPG
Relative Value Partners Group
|
-$1.17M |
| 4 |
QGA
Q Global Advisors
Fort Worth,
Texas
|
-$969K |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$782K |
FCT Hedge Fund Activity: Q1 2020 in Review
69 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q1 2020, worth a combined $110M — down 24% from $146M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FCT positions and 8 closed out — a net gain of 7 holders — while 21 added to existing stakes and 24 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $4.51M. The largest seller was Saba Capital Management, cutting an estimated $3.84M.
- 69 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q1 2020, up from 65 in Q4 2019.
- Funds reported $110M of First Trust Senior Floating Rate Income Fund II stock for Q1 2020, down 24% quarter-over-quarter.
- 15 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q1 2020 and 8 closed out, a net change of +7 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q1 2020 was Morgan Stanley, an estimated $4.51M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q1 2020 was Saba Capital Management, an estimated $3.84M sold.
Based on aggregated 13F filings for Q1 2020.