First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
FIV was delisted on the 9th of December, 2021.
46 hedge funds and large institutions have $103M invested in First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest in 2021 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 21 reducing their positions, and 8 closing their positions.
10% more capital invested
Capital invested by funds: $93M → $103M (+$9.72M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less funds holding
Funds holding: 48 → 46 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
57% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.59M |
| 2 |
RVPG
Relative Value Partners Group
|
+$4M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.58M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$890K |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$785K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.75M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.51M |
| 3 |
Morgan Stanley
New York
|
-$1.36M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.23M |
| 5 |
CHAM
Clear Harbor Asset Management
Stamford,
Connecticut
|
-$251K |
FIV Hedge Fund Activity: Q3 2021 in Review
46 of the 5,712 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 2021, worth a combined $103M — up 10% from $93M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FIV and 6 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 9 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $5.59M. The largest seller was Shaker Financial Services, cutting an estimated $1.75M.
- 46 institutional investors held First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest (FIV) as of Q3 2021, down from 48 in Q2 2021.
- Funds reported $103M of First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest stock for Q3 2021, up 10% quarter-over-quarter.
- 6 funds opened new First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest positions in Q3 2021 and 8 closed out, a net change of -2 holders.
- The largest First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest buyer in Q3 2021 was Rivernorth Capital Management, an estimated $5.59M added.
- The largest First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest seller in Q3 2021 was Shaker Financial Services, an estimated $1.75M sold.
Based on aggregated 13F filings for Q3 2021.