First Trust SSI Strategic Convertible Securities ETF
FCVT
48 hedge funds and large institutions have $53M invested in First Trust SSI Strategic Convertible Securities ETF in 2023 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 7 increasing their positions, 18 reducing their positions, and 8 closing their positions.
88% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 8
50% more capital invested
Capital invested by funds: $35.3M → $53M (+$17.7M)
17% more funds holding
Funds holding: 41 → 48 (+7)
12.11% more ownership
Funds ownership: 39.18% → 51.29% (+12%)
61% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 18
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 |
CAS
Coppell Advisory Solutions
Coppell,
Texas
|
+$1.29M |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
+$869K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.48M |
| 2 |
EC
Elequin Capital
New York
|
-$1.33M |
| 3 |
FCM
Family Capital Management
Grand Rapids,
Michigan
|
-$717K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$641K |
| 5 |
AFA
American Financial Advisors
Marietta,
Georgia
|
-$406K |
FCVT Hedge Fund Activity: Q4 2023 in Review
48 of the 6,869 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 $53M — up 50% 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 7 added to existing stakes and 18 trimmed.
The largest buyer was Jane Street, adding an estimated $11.7M. The largest seller was Morgan Stanley, cutting an estimated $1.48M.
- 48 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q4 2023, up from 41 in Q3 2023.
- Funds reported $53M of First Trust SSI Strategic Convertible Securities ETF stock for Q4 2023, up 50% 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 Morgan Stanley, an estimated $1.48M sold.
Based on aggregated 13F filings for Q4 2023.