First Trust Senior Floating Rate Income Fund II
FCT
59 hedge funds and large institutions have $99.1M invested in First Trust Senior Floating Rate Income Fund II in 2021 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 23 increasing their positions, 16 reducing their positions, and 7 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 16
2% less capital invested
Capital invested by funds: $101M → $99.1M (-$2.32M)
1.76% less ownership
Funds ownership: 31% → 29.25% (-1.8%)
6% less funds holding
Funds holding: 63 → 59 (-4)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
Gradient Investments
Arden Hills,
Minnesota
|
+$6.02M |
| 2 |
Morgan Stanley
New York
|
+$2.38M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.84M |
| 4 |
EIA
Edgemoor Investment Advisors
Bethesda,
Maryland
|
+$1.02M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$657K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
-$11.2M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$4.85M |
| 3 |
Jane Street
New York
|
-$2.22M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$362K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$213K |
FCT Hedge Fund Activity: Q2 2021 in Review
59 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q2 2021, worth a combined $99.1M — down 2.3% from $101M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FCT and 3 opened new positions — a net loss of 4 holders — while 16 trimmed existing stakes and 23 added.
The largest buyer was Gradient Investments, adding an estimated $6.02M. The largest seller was Relative Value Partners Group, exiting entirely with an estimated $11.2M sold.
- 59 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q2 2021, down from 63 in Q1 2021.
- Funds reported $99.1M of First Trust Senior Floating Rate Income Fund II stock for Q2 2021, down 2.3% quarter-over-quarter.
- 3 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q2 2021 and 7 closed out, a net change of -4 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q2 2021 was Gradient Investments, an estimated $6.02M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q2 2021 was Relative Value Partners Group, an estimated $11.2M sold.
Based on aggregated 13F filings for Q2 2021.