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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$11.7M |
| 2 |
RL
Retireful LLC
Haslett,
Michigan
|
+$2.78M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.47M |
| 4 |
Morgan Stanley
New York
|
+$1.77M |
| 5 |
CAS
Coppell Advisory Solutions
Coppell,
Texas
|
+$1.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Elequin Capital
New York
|
-$1.33M |
| 2 |
FCM
Family Capital Management
Grand Rapids,
Michigan
|
-$717K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$641K |
| 4 |
AFA
American Financial Advisors
Marietta,
Georgia
|
-$406K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$394K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$641K | -20,634 | Closed |
|
|
52
Citadel Advisors
Miami,
Florida
| – | -$394K | -12,665 | Closed |
|
|
DADC
53
D.A. Davidson & Co
Great Falls,
Montana
| – | -$299K | -9,608 | Closed |
|
|
IA
54
IFP Advisors
Tampa,
Florida
| – | -$19.4K | -623 | Closed |
|
|
LAS
55
LWM Advisory Services
Plantation,
Florida
| – | -$15.7K | -505 | Closed |
|
56
Comerica Bank
Dallas,
Texas
| – | -$9.32K | -300 | Closed |
|
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.