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First Trust SSI Strategic Convertible Securities ETF
FCVT

48 hedge funds and large institutions have $56.5M invested in First Trust SSI Strategic Convertible Securities ETF in 2023 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 8 increasing their positions, 17 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 8

60% more capital invested

Capital invested by funds: $35.3M → $56.5M (+$21.2M)

17% more funds holding

Funds holding: 41 → 48 (+7)

15.48% more ownership

Funds ownership: 39.18% → 54.66% (+15%)

53% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 17

Holders
48
Holders Change
+7
Holders Change %
+17.07%
% of All Funds
0.7%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
8
Reduced
17
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$11.7M
2
RL
Retireful LLC
Michigan
+$2.78M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$2.47M
4
Morgan Stanley
Morgan Stanley
New York
+$1.77M
5
CAS
Coppell Advisory Solutions
Texas
+$1.29M

Top Sellers

Rank Fund Capital Flow
1
EC
Elequin Capital
New York
-$1.33M
2
FCM
Family Capital Management
Michigan
-$717K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$641K
4
AFA
American Financial Advisors
Georgia
-$406K
5
Citadel Advisors
Citadel Advisors
Florida
-$394K
Name Holding Trade Value Shares
Change 		Change in
Stake
Mercer Global Advisors
26
Mercer Global Advisors
Colorado
$298K +$279K +8,950 New
PWP
27
Pursue Wealth Partners
California
$267K – – –
BFEC
28
Benjamin F. Edwards & Company
Missouri
$246K +$16.8K +540 +8%
CAG
29
Csenge Advisory Group
Florida
$227K -$45.9K -1,474 -18%
SI
30
Stephens Inc
Arkansas
$222K – – –
Stifel Financial
31
Stifel Financial
Missouri
$212K -$11.3K -364 -5%
PFS
32
Prospera Financial Services
Texas
$205K -$17.5K -561 -8%
PNC Financial Services Group
33
PNC Financial Services Group
Pennsylvania
$123K +$115K +3,703 New
TSWM
34
Tyler-Stone Wealth Management
Ohio
$111K +$12.5K +400 +14%
Carson Wealth (CWM LLC)
35
Carson Wealth (CWM LLC)
Nebraska
$44K +$28K +899 +220%
TRCT
36
Tower Research Capital (TRC)
New York
$40.9K +$38.2K +1,226 New
HIA
37
Harbor Investment Advisory
Maryland
$28.3K – – –
JP Morgan Chase
38
JP Morgan Chase
New York
$25.8K +$24.1K +773 New
NS
39
NBC Securities
Alabama
$24K +$31 +1 +0.1%
UBS Group
40
UBS Group
Switzerland
$23.9K +$22.4K +718 New
SPIA
41
Steward Partners Investment Advisory
New York
$16.7K – – –
William Blair & Company
42
William Blair & Company
Illinois
$9.83K – – –
CJ
43
Caitlin John
Michigan
$3.62K +$3.37K +108 New
PPC
44
Park Place Capital
Alabama
$3.57K +$3.33K +107 New
HI
45
Harbour Investments
Wisconsin
$1.37K – – –
CIA
46
Cape Investment Advisory
Georgia
$700 +$654 +21 New
Fidelity Investments
47
Fidelity Investments
Massachusetts
$33 +$31 +1 New
Wells Fargo
48
Wells Fargo
California
$24 – – –
EC
49
Elequin Capital
New York
– -$1.33M -42,648 Closed
FCM
50
Family Capital Management
Michigan
– -$717K -23,084 Closed
1
2
3

FCVT Hedge Fund Activity: Q4 2023 in Review

48 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q4 2023, worth a combined $56.5M — up 60% from $35.3M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new FCVT positions and 8 closed out — a net gain of 7 holders — while 8 added to existing stakes and 17 trimmed.

The largest buyer was Jane Street, adding an estimated $11.7M. The largest seller was Elequin Capital, exiting entirely with an estimated $1.33M sold.

  • 48 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q4 2023, up from 41 in Q3 2023.
  • Funds reported $56.5M of First Trust SSI Strategic Convertible Securities ETF stock for Q4 2023, up 60% quarter-over-quarter.
  • 15 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q4 2023 and 8 closed out, a net change of +7 holders.
  • The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q4 2023 was Jane Street, an estimated $11.7M added.
  • The largest First Trust SSI Strategic Convertible Securities ETF seller in Q4 2023 was Elequin Capital, an estimated $1.33M sold.

Based on aggregated 13F filings for Q4 2023.