First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
FIV was delisted on the 9th of December, 2021.
49 hedge funds and large institutions have $86.4M invested in First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest in 2020 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 14 increasing their positions, 15 reducing their positions, and 4 closing their positions.
150% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 4
14% more funds holding
Funds holding: 43 → 49 (+6)
9% more capital invested
Capital invested by funds: $78.9M → $86.4M (+$7.46M)
7% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Almitas Capital
Santa Monica,
California
|
+$1.74M |
| 2 |
RVPG
Relative Value Partners Group
|
+$1.05M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$853K |
| 4 |
NCM
Narwhal Capital Management
Marietta,
Georgia
|
+$670K |
| 5 |
BCA
Biltmore Capital Advisors
Princeton,
New Jersey
|
+$518K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.15M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.28M |
| 3 |
SPIA
Steward Partners Investment Advisory
New York
|
-$839K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$590K |
| 5 |
Jane Street
New York
|
-$351K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HF
51
HRT Financial
New York
| – | -$270K | -32,108 | Closed |
|
|
AA
52
AQR Arbitrage
Greenwich,
Connecticut
| – | -$214K | -25,352 | Closed |
|
53
Barclays
London,
United Kingdom
| – | -$60K | -6,618 | Closed |
|
FIV Hedge Fund Activity: Q4 2020 in Review
49 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest (FIV) for Q4 2020, worth a combined $86.4M — up 9.5% from $78.9M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FIV positions and 4 closed out — a net gain of 6 holders — while 14 added to existing stakes and 15 trimmed.
The largest buyer was Almitas Capital, opening a new position worth an estimated $1.74M. The largest seller was Morgan Stanley, cutting an estimated $3.15M.
- 49 institutional investors held First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest (FIV) as of Q4 2020, up from 43 in Q3 2020.
- Funds reported $86.4M of First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest stock for Q4 2020, up 9.5% quarter-over-quarter.
- 10 funds opened new First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest positions in Q4 2020 and 4 closed out, a net change of +6 holders.
- The largest First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest buyer in Q4 2020 was Almitas Capital, an estimated $1.74M added.
- The largest First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest seller in Q4 2020 was Morgan Stanley, an estimated $3.15M sold.
Based on aggregated 13F filings for Q4 2020.