First Trust Senior Floating Rate Income Fund II
FCT
74 hedge funds and large institutions have $107M invested in First Trust Senior Floating Rate Income Fund II in 2023 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 16 increasing their positions, 26 reducing their positions, and 15 closing their positions.
0.01% more ownership
Funds ownership: 41.66% → 41.66% (+0.01%)
1% less capital invested
Capital invested by funds: $108M → $107M (-$672K)
8% less funds holding
Funds holding: 80 → 74 (-6)
33% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 15
38% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$1.8M |
| 2 |
Morgan Stanley
New York
|
+$1.33M |
| 3 |
RVPG
Relative Value Partners Group
|
+$899K |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$641K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$611K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.41M |
| 2 |
AC
Almitas Capital
Santa Monica,
California
|
-$878K |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$569K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$528K |
| 5 |
JP Morgan Chase
New York
|
-$513K |
FCT Hedge Fund Activity: Q2 2023 in Review
74 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q2 2023, worth a combined $107M — down 0.62% from $108M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of FCT and 10 opened new positions — a net loss of 5 holders — while 26 trimmed existing stakes and 16 added.
The largest buyer was LPL Financial, adding an estimated $1.8M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $1.41M sold.
- 74 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q2 2023, down from 80 in Q1 2023.
- Funds reported $107M of First Trust Senior Floating Rate Income Fund II stock for Q2 2023, down 0.62% quarter-over-quarter.
- 10 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q2 2023 and 15 closed out, a net change of -5 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q2 2023 was LPL Financial, an estimated $1.8M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q2 2023 was Wolverine Asset Management, an estimated $1.41M sold.
Based on aggregated 13F filings for Q2 2023.