First Trust SSI Strategic Convertible Securities ETF
FCVT
51 hedge funds and large institutions have $45M invested in First Trust SSI Strategic Convertible Securities ETF in 2025 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 12 increasing their positions, 15 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
4% more funds holding
Funds holding: 49 → 51 (+2)
18% less capital invested
Capital invested by funds: $54.9M → $45M (-$9.9M)
18.45% less ownership
Funds ownership: 71.08% → 52.63% (-18%)
20% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Elequin Capital
New York
|
+$1.59M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$807K |
| 3 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$397K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$339K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$328K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$5.16M |
| 2 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$3.39M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
-$1.17M |
| 4 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$753K |
| 5 |
Morgan Stanley
New York
|
-$699K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Wells Fargo
San Francisco,
California
| $29 | – | – | – |
|
|
IAA
52
Independent Advisor Alliance
Charlotte,
North Carolina
| – | -$3.39M | -92,271 | Closed |
|
|
DADC
53
D.A. Davidson & Co
Great Falls,
Montana
| – | -$753K | -20,481 | Closed |
|
|
CFGS
54
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$219K | -5,755 | Closed |
|
|
BEI
55
Benjamin Edwards Inc
Clayton,
Missouri
| – | -$211K | -5,733 | Closed |
|
|
SAM
56
Synergy Asset Management
Vancouver,
Washington
| – | -$169K | -4,723 | Closed |
|
|
CJ
57
Caitlin John
Brighton,
Michigan
| – | -$3.97K | -108 | Closed |
|
FCVT Hedge Fund Activity: Q1 2025 in Review
51 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q1 2025, worth a combined $45M — down 18% from $54.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FCVT positions and 6 closed out — a net gain of 3 holders — while 12 added to existing stakes and 15 trimmed.
The largest buyer was Elequin Capital, adding an estimated $1.59M. The largest seller was Osaic Holdings, cutting an estimated $5.16M.
- 51 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q1 2025, up from 49 in Q4 2024.
- Funds reported $45M of First Trust SSI Strategic Convertible Securities ETF stock for Q1 2025, down 18% quarter-over-quarter.
- 9 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q1 2025 and 6 closed out, a net change of +3 holders.
- The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q1 2025 was Elequin Capital, an estimated $1.59M added.
- The largest First Trust SSI Strategic Convertible Securities ETF seller in Q1 2025 was Osaic Holdings, an estimated $5.16M sold.
Based on aggregated 13F filings for Q1 2025.