First Trust Mortgage Income Fund
19 hedge funds and large institutions have $27.2M invested in First Trust Mortgage Income Fund in 2013 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 4 increasing their positions, 8 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
23% more capital invested
Capital invested by funds: $22.2M → $27.2M (+$5M)
7.83% more ownership
Funds ownership: 33.62% → 41.46% (+7.8%)
6% more funds holding
Funds holding: 18 → 19 (+1)
50% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$3.27M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.27M |
| 3 |
SCM
Saba Capital Management
New York
|
+$807K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$165K |
| 5 |
HK
Horizon Kinetics
New York
|
+$159K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
-$567K |
| 2 |
Morgan Stanley
New York
|
-$411K |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$184K |
| 4 |
U
UBS
Zurich,
Switzerland
|
-$154K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$76.1K |
FMY Hedge Fund Activity: Q4 2013 in Review
19 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q4 2013, worth a combined $27.2M — up 23% from $22.2M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FMY positions and 3 closed out — a net gain of 2 holders — while 4 added to existing stakes and 8 trimmed.
The largest buyer was 1607 Capital Partners, adding an estimated $3.27M. The largest seller was Doliver Advisors, exiting entirely with an estimated $567K sold.
- 19 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q4 2013, up from 18 in Q3 2013.
- Funds reported $27.2M of First Trust Mortgage Income Fund stock for Q4 2013, up 23% quarter-over-quarter.
- 5 funds opened new First Trust Mortgage Income Fund positions in Q4 2013 and 3 closed out, a net change of +2 holders.
- The largest First Trust Mortgage Income Fund buyer in Q4 2013 was 1607 Capital Partners, an estimated $3.27M added.
- The largest First Trust Mortgage Income Fund seller in Q4 2013 was Doliver Advisors, an estimated $567K sold.
Based on aggregated 13F filings for Q4 2013.