First Trust SSI Strategic Convertible Securities ETF
FCVT
61 hedge funds and large institutions have $89.9M invested in First Trust SSI Strategic Convertible Securities ETF in 2022 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 17 increasing their positions, 21 reducing their positions, and 18 closing their positions.
6.83% more ownership
Funds ownership: 56.19% → 63.03% (+6.8%)
10% less funds holding
Funds holding: 68 → 61 (-7)
11% less capital invested
Capital invested by funds: $102M → $89.9M (-$11.6M)
19% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 21
33% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 18
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$13.2M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.44M |
| 3 |
GM
GeoWealth Management
Chicago,
Illinois
|
+$1.3M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$1.05M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$754K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Continuum Advisory
Eagle,
Idaho
|
-$8.5M |
| 2 |
CAG
Csenge Advisory Group
Clearwater,
Florida
|
-$8.22M |
| 3 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
-$6.04M |
| 4 |
GIA
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
|
-$2.38M |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
-$1.53M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OPW
76
Oxler Private Wealth
Rye Brook,
New York
| – | -$11.5K | -120 | Closed |
|
77
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$3K | -94 | Closed |
|
|
ADL
78
Asset Dedication LLC
San Francisco,
California
| – | -$2K | -56 | Closed |
|
FCVT Hedge Fund Activity: Q4 2022 in Review
61 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q4 2022, worth a combined $89.9M — down 11% from $102M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of FCVT and 12 opened new positions — a net loss of 6 holders — while 21 trimmed existing stakes and 17 added.
The largest buyer was Jane Street, adding an estimated $13.2M. The largest seller was Continuum Advisory, cutting an estimated $8.5M.
- 61 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q4 2022, down from 68 in Q3 2022.
- Funds reported $89.9M of First Trust SSI Strategic Convertible Securities ETF stock for Q4 2022, down 11% quarter-over-quarter.
- 12 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q4 2022 and 18 closed out, a net change of -6 holders.
- The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q4 2022 was Jane Street, an estimated $13.2M added.
- The largest First Trust SSI Strategic Convertible Securities ETF seller in Q4 2022 was Continuum Advisory, an estimated $8.5M sold.
Based on aggregated 13F filings for Q4 2022.