First Trust Strategic High
FHY was delisted on the 22nd of June, 2018.
34 hedge funds and large institutions have $28.6M invested in First Trust Strategic High in 2016 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 4 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 10
2% more capital invested
Capital invested by funds: $27.9M → $28.6M (+$655K)
6% less funds holding
Funds holding: 36 → 34 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.37M |
| 2 |
SI
SII Investments
Appleton,
Wisconsin
|
+$662K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$533K |
| 4 |
Morgan Stanley
New York
|
+$435K |
| 5 |
SCM
Saba Capital Management
New York
|
+$421K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$1.7M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$604K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$595K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$338K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$267K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KA
26
Klingman & Associates
New York
| $14K | – | – | – |
|
27
Fifth Third Bancorp
Cincinnati,
Ohio
| $6K | – | – | – |
|
28
Creative Planning
Overland Park,
Kansas
| $6K | +$4.96K | +408 | +412% |
|
|
WA
29
WFG Advisors
Dallas,
Texas
| $6K | +$6.08K | +500 | New |
|
|
WP
30
WealthPLAN Partners
Omaha,
Nebraska
| $4.89K | – | – | – |
|
|
WTC
31
WhitTier Trust Company
Reno,
Nevada
| $4K | – | – | – |
|
|
IA
32
IFP Advisors
Tampa,
Florida
| $2K | – | – | – |
|
|
ADL
33
Asset Dedication LLC
San Francisco,
California
| $1K | – | – | – |
|
|
LCM
34
Laurion Capital Management
New York
| – | -$1.7M | -142,322 | Closed |
|
|
35
Stifel Financial
St. Louis,
Missouri
| – | -$595K | -49,737 | Closed |
|
|
AA
36
AQR Arbitrage
Greenwich,
Connecticut
| – | -$163K | -13,642 | Closed |
|
|
HK
37
Horizon Kinetics
New York
| – | -$158K | -13,181 | Closed |
|
FHY Hedge Fund Activity: Q3 2016 in Review
34 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in First Trust Strategic High (FHY) for Q3 2016, worth a combined $28.6M — up 2.3% from $27.9M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of FHY and 2 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 13 added.
The largest buyer was Shaker Financial Services, adding an estimated $1.37M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $1.7M sold.
- 34 institutional investors held First Trust Strategic High (FHY) as of Q3 2016, down from 36 in Q2 2016.
- Funds reported $28.6M of First Trust Strategic High stock for Q3 2016, up 2.3% quarter-over-quarter.
- 2 funds opened new First Trust Strategic High positions in Q3 2016 and 4 closed out, a net change of -2 holders.
- The largest First Trust Strategic High buyer in Q3 2016 was Shaker Financial Services, an estimated $1.37M added.
- The largest First Trust Strategic High seller in Q3 2016 was Laurion Capital Management, an estimated $1.7M sold.
Based on aggregated 13F filings for Q3 2016.