First Trust SSI Strategic Convertible Securities ETF
FCVT
41 hedge funds and large institutions have $35.3M invested in First Trust SSI Strategic Convertible Securities ETF in 2023 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 3 increasing their positions, 24 reducing their positions, and 7 closing their positions.
2% less funds holding
Funds holding: 42 → 41 (-1)
11.55% less ownership
Funds ownership: 50.73% → 39.18% (-12%)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
34% less capital invested
Capital invested by funds: $53.8M → $35.3M (-$18.5M)
88% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$541K |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$408K |
| 3 |
EH
Equitable Holdings
New York
|
+$317K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$234K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$217K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$7.06M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$1.8M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.61M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.61M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.34M |
FCVT Hedge Fund Activity: Q3 2023 in Review
41 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q3 2023, worth a combined $35.3M — down 34% from $53.8M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FCVT and 6 opened new positions — a net loss of 1 holder — while 24 trimmed existing stakes and 3 added.
The largest buyer was Cetera Advisor Networks, adding an estimated $541K. The largest seller was Jane Street, cutting an estimated $7.06M.
- 41 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q3 2023, down from 42 in Q2 2023.
- Funds reported $35.3M of First Trust SSI Strategic Convertible Securities ETF stock for Q3 2023, down 34% quarter-over-quarter.
- 6 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q3 2023 and 7 closed out, a net change of -1 holder.
- The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q3 2023 was Cetera Advisor Networks, an estimated $541K added.
- The largest First Trust SSI Strategic Convertible Securities ETF seller in Q3 2023 was Jane Street, an estimated $7.06M sold.
Based on aggregated 13F filings for Q3 2023.