First Trust SSI Strategic Convertible Securities ETF
FCVT
46 hedge funds and large institutions have $58.9M invested in First Trust SSI Strategic Convertible Securities ETF in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 29 reducing their positions, and 15 closing their positions.
12.95% less ownership
Funds ownership: 63.03% → 50.07% (-13%)
25% less funds holding
Funds holding: 61 → 46 (-15)
35% less capital invested
Capital invested by funds: $89.9M → $58.9M (-$31M)
72% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 29
80% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FHB
First Hawaiian Bank
Honolulu,
Hawaii
|
+$2.49M |
| 2 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$2M |
| 3 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$244K |
| 4 |
FIA
Foundations Investment Advisors
Phoenix,
Arizona
|
+$158K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$91.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$14M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$3.68M |
| 3 |
Morgan Stanley
New York
|
-$2.66M |
| 4 |
Rockefeller Capital Management
New York
|
-$2.45M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$2.08M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Mariner
Overland Park,
Kansas
| – | -$412K | -12,990 | Closed |
|
|
CA
52
Continuum Advisory
Eagle,
Idaho
| – | -$282K | -8,883 | Closed |
|
|
EC
53
Elequin Capital
New York
| – | -$224K | -7,054 | Closed |
|
|
PAS
54
Park Avenue Securities
New York
| – | -$209K | -6,591 | Closed |
|
|
CAP
55
Columbia Advisory Partners
Spokane,
Washington
| – | -$206K | -6,495 | Closed |
|
|
DWP
56
Destiny Wealth Partners
Tavares,
Florida
| – | -$46.1K | -1,455 | Closed |
|
|
MCC
57
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$39.9K | -1,259 | Closed |
|
|
NA
58
NewEdge Advisors
New Orleans,
Louisiana
| – | -$34.7K | -1,096 | Closed |
|
|
CS
59
Comerica Securities
Detroit,
Michigan
| – | -$31.6K | -996 | Closed |
|
60
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$2.47K | -78 | Closed |
|
|
MA
61
Montag & Associates
Atlanta,
Georgia
| – | -$792 | -25 | Closed |
|
FCVT Hedge Fund Activity: Q1 2023 in Review
46 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q1 2023, worth a combined $58.9M — down 35% from $89.9M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of FCVT and 3 opened new positions — a net loss of 12 holders — while 29 trimmed existing stakes and 8 added.
The largest buyer was First Hawaiian Bank, opening a new position worth an estimated $2.49M. The largest seller was Jane Street, cutting an estimated $14M.
- 46 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q1 2023, down from 61 in Q4 2022.
- Funds reported $58.9M of First Trust SSI Strategic Convertible Securities ETF stock for Q1 2023, down 35% quarter-over-quarter.
- 3 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q1 2023 and 15 closed out, a net change of -12 holders.
- The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q1 2023 was First Hawaiian Bank, an estimated $2.49M added.
- The largest First Trust SSI Strategic Convertible Securities ETF seller in Q1 2023 was Jane Street, an estimated $14M sold.
Based on aggregated 13F filings for Q1 2023.