We are live on ! Find out more
FCT

First Trust Senior Floating Rate Income Fund II

63 hedge funds and large institutions have $101M invested in First Trust Senior Floating Rate Income Fund II in 2021 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 25 increasing their positions, 19 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

32% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 19

6.47% less ownership

Funds ownership: 37.47%31% (-6.5%)

7% less funds holding

Funds holding: 6863 (-5)

12% less capital invested

Capital invested by funds: $116M → $101M (-$14.3M)

50% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 10

Holders
63
Holders Change
-5
Holders Change %
-7.35%
% of All Funds
1.11%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
5
Increased
25
Reduced
19
Closed
10
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$22.6M +$212K +17,778 +1%
Morgan Stanley
2
Morgan Stanley
New York
$14.6M +$3.25M +272,895 +30%
RVPG
3
Relative Value Partners Group
$11.2M -$3.63M -304,780 -25%
EIA
4
Edgemoor Investment Advisors
Maryland
$9.78M +$490K +41,102 +5%
Invesco
5
Invesco
Georgia
$8.36M -$72.6K -6,093 -0.9%
GI
6
Gradient Investments
Minnesota
$5.25M -$6.1M -511,979 -54%
LPL Financial
7
LPL Financial
California
$4.78M +$2.87M +240,918 +162%
UBS Group
8
UBS Group
Switzerland
$3.24M -$180K -15,093 -5%
Jane Street
9
Jane Street
New York
$2.22M +$2.16M +180,880 New
Stifel Financial
10
Stifel Financial
Missouri
$2.17M +$338K +28,344 +19%
Commonwealth Equity Services
11
Commonwealth Equity Services
Massachusetts
$2.08M +$69.8K +5,859 +4%
TA
12
TFG Advisers
Michigan
$1.97M -$8.29K -695 -0.4%
GC
13
Guggenheim Capital
Illinois
$1.7M +$82.7K +6,937 +5%
Ameriprise
14
Ameriprise
Minnesota
$1.07M +$278K +23,330 +37%
AAM
15
Advisors Asset Management
Colorado
$914K -$18.7K -1,568 -2%
OC
16
Oppenheimer & Co
New York
$897K +$183K +15,311 +26%
PAG
17
Private Advisor Group
New Jersey
$589K -$32.4K -2,714 -5%
FFA
18
First Foundation Advisors
California
$477K -$313K -26,262 -40%
Wells Fargo
19
Wells Fargo
California
$477K +$110K +9,200 +31%
BRWA
20
B. Riley Wealth Advisors
Florida
$459K -$17.5K -1,465 -4%
WMG
21
WESCAP Management Group
California
$455K +$87.1K +7,307 +24%
RJA
22
Raymond James & Associates
Florida
$446K -$73.6K -6,170 -14%
Thrivent Financial for Lutherans
23
Thrivent Financial for Lutherans
Minnesota
$407K +$109K +9,108 +38%
MAFM
24
Mid Atlantic Financial Management
Pennsylvania
$405K +$157K +13,150 +66%
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$394K +$19.9K +1,666 +5%

FCT Hedge Fund Activity: Q1 2021 in Review

63 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q1 2021, worth a combined $101M — down 12% from $116M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of FCT and 5 opened new positions — a net loss of 5 holders — while 19 trimmed existing stakes and 25 added.

The largest buyer was Morgan Stanley, adding an estimated $3.25M. The largest seller was Saba Capital Management, exiting entirely with an estimated $16M sold.

  • 63 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q1 2021, down from 68 in Q4 2020.
  • Funds reported $101M of First Trust Senior Floating Rate Income Fund II stock for Q1 2021, down 12% quarter-over-quarter.
  • 5 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q1 2021 and 10 closed out, a net change of -5 holders.
  • The largest First Trust Senior Floating Rate Income Fund II buyer in Q1 2021 was Morgan Stanley, an estimated $3.25M added.
  • The largest First Trust Senior Floating Rate Income Fund II seller in Q1 2021 was Saba Capital Management, an estimated $16M sold.

Based on aggregated 13F filings for Q1 2021.