First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
FIV was delisted on the 9th of December, 2021.
43 hedge funds and large institutions have $80M invested in First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest in 2020 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 14 increasing their positions, 17 reducing their positions, and 7 closing their positions.
3% more capital invested
Capital invested by funds: $77.8M → $80M (+$2.17M)
9% less funds holding
Funds holding: 47 → 43 (-4)
18% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 17
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $295K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$9.21M |
| 2 |
BCA
Biltmore Capital Advisors
Princeton,
New Jersey
|
+$1.34M |
| 3 |
Millennium Management
New York
|
+$705K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$430K |
| 5 |
Jane Street
New York
|
+$353K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.35M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$3.65M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.27M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.22M |
| 5 |
SPIA
Steward Partners Investment Advisory
New York
|
-$863K |
FIV Hedge Fund Activity: Q3 2020 in Review
43 of the 4,970 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 Q3 2020, worth a combined $80M — up 2.8% from $77.8M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FIV and 3 opened new positions — a net loss of 4 holders — while 17 trimmed existing stakes and 14 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $9.21M. The largest seller was Morgan Stanley, cutting an estimated $4.35M.
- 43 institutional investors held First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest (FIV) as of Q3 2020, down from 47 in Q2 2020.
- Funds reported $80M of First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest stock for Q3 2020, up 2.8% quarter-over-quarter.
- 3 funds opened new First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest positions in Q3 2020 and 7 closed out, a net change of -4 holders.
- The largest First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest buyer in Q3 2020 was Rivernorth Capital Management, an estimated $9.21M added.
- The largest First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest seller in Q3 2020 was Morgan Stanley, an estimated $4.35M sold.
Based on aggregated 13F filings for Q3 2020.