First Trust Mortgage Income Fund
18 hedge funds and large institutions have $22.2M invested in First Trust Mortgage Income Fund in 2013 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 7 increasing their positions, 7 reducing their positions, and 3 closing their positions.
18% more capital invested
Capital invested by funds: $18.7M → $22.2M (+$3.46M)
5.89% more ownership
Funds ownership: 27.73% → 33.62% (+5.9%)
0% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 7
14% less funds holding
Funds holding: 21 → 18 (-3)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.99M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.56M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$345K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$265K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$217K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$163K |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$158K |
| 3 |
SNC
Stifel Nicolaus & Co
St Louis,
Missouri
|
-$57.7K |
| 4 |
Morgan Stanley
New York
|
-$57.5K |
| 5 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
-$57K |
FMY Hedge Fund Activity: Q3 2013 in Review
18 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q3 2013, worth a combined $22.2M — up 18% from $18.7M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FMY and 0 opened new positions — a net loss of 3 holders — while 7 trimmed existing stakes and 7 added.
The largest buyer was Sit Investment Associates, adding an estimated $1.99M. The largest seller was LPL Financial, exiting entirely with an estimated $163K sold.
- 18 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q3 2013, down from 21 in Q2 2013.
- Funds reported $22.2M of First Trust Mortgage Income Fund stock for Q3 2013, up 18% quarter-over-quarter.
- 0 funds opened new First Trust Mortgage Income Fund positions in Q3 2013 and 3 closed out, a net change of -3 holders.
- The largest First Trust Mortgage Income Fund buyer in Q3 2013 was Sit Investment Associates, an estimated $1.99M added.
- The largest First Trust Mortgage Income Fund seller in Q3 2013 was LPL Financial, an estimated $163K sold.
Based on aggregated 13F filings for Q3 2013.