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First Trust SSI Strategic Convertible Securities ETF
FCVT

62 hedge funds and large institutions have $125M invested in First Trust SSI Strategic Convertible Securities ETF in 2020 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 17 increasing their positions, 21 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 6

16% more capital invested

Capital invested by funds: $108M → $125M (+$17.8M)

13% more funds holding

Funds holding: 55 → 62 (+7)

0.28% less ownership

Funds ownership: 47.96% → 47.68% (-0.28%)

19% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 21

Holders
62
Holders Change
+7
Holders Change %
+12.73%
% of All Funds
1.25%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
17
Reduced
21
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
+$8.08M
2
CAG
Csenge Advisory Group
Florida
+$4.3M
3
Goldman Sachs
Goldman Sachs
New York
+$1.54M
4
FTUS
Flow Traders U.S.
New York
+$1.51M
5
LPL Financial
LPL Financial
California
+$1.1M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$6.95M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.85M
3
Bank of America
Bank of America
North Carolina
-$1.6M
4
PFS
Prospera Financial Services
Texas
-$1.59M
5
GIA
Gladstone Institutional Advisory
Florida
-$1.59M
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
26
Stifel Financial
Missouri
$732K -$35.3K -903 -5%
KAS
27
Kestra Advisory Services
Texas
$670K +$649K +16,624 New
CWM
28
Concentrum Wealth Management
California
$602K +$117 +3 +0%
SW
29
SkyOak Wealth
Michigan
$574K – – –
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$540K -$14K -358 -3%
WEPOG
31
Wealth Enhancement & Preservation of GA
Georgia
$527K +$11.2K +287 +2%
NFG
32
Next Financial Group
Texas
$452K +$142K +3,644 +48%
SI
33
Stephens Inc
Arkansas
$402K – – –
Baird Financial Group
34
Baird Financial Group
Wisconsin
$399K +$10.5K +270 +3%
WI
35
Wintrust Investments
Illinois
$391K -$103K -2,636 -21%
SIM
36
SSI Investment Management
California
$321K -$76.7K -1,963 -20%
UCFA
37
United Capital Financial Advisors
Texas
$320K -$190K -4,870 -38%
Truist Financial
38
Truist Financial
North Carolina
$317K -$45.1K -1,154 -13%
WIA
39
World Investment Advisors
California
$288K – – –
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$275K -$131K -3,364 -33%
TF
41
Trek Financial
Arizona
$268K -$3.16K -81 -1%
SPC
42
Sigma Planning Corp
Michigan
$268K +$8.36K +214 +3%
PAG
43
Private Advisor Group
New Jersey
$248K – – –
OC
44
Oppenheimer & Co
New York
$239K +$232K +5,938 New
Susquehanna International Group
45
Susquehanna International Group
Pennsylvania
$217K -$1.85M -47,295 -90%
RIG
46
Ramiah Investment Group
Wisconsin
$200K +$194K +4,962 New
AWA
47
Arkadios Wealth Advisors
Georgia
$175K +$78 +2 +0%
CFGS
48
Concourse Financial Group Securities
Alabama
$171K -$6.88K -176 -4%
FRA
49
Front Row Advisors
California
$138K +$117K +3,000 New
Wells Fargo
50
Wells Fargo
California
$107K – – –
1
2
3

FCVT Hedge Fund Activity: Q3 2020 in Review

62 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q3 2020, worth a combined $125M — up 16% from $108M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new FCVT positions and 6 closed out — a net gain of 7 holders — while 17 added to existing stakes and 21 trimmed.

The largest buyer was Citadel Advisors, adding an estimated $8.08M. The largest seller was Jane Street, cutting an estimated $6.95M.

  • 62 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q3 2020, up from 55 in Q2 2020.
  • Funds reported $125M of First Trust SSI Strategic Convertible Securities ETF stock for Q3 2020, up 16% quarter-over-quarter.
  • 13 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q3 2020 and 6 closed out, a net change of +7 holders.
  • The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q3 2020 was Citadel Advisors, an estimated $8.08M added.
  • The largest First Trust SSI Strategic Convertible Securities ETF seller in Q3 2020 was Jane Street, an estimated $6.95M sold.

Based on aggregated 13F filings for Q3 2020.