First Trust Mortgage Income Fund
22 hedge funds and large institutions have $29.8M invested in First Trust Mortgage Income Fund in 2014 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 7 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
16% more funds holding
Funds holding: 19 → 22 (+3)
10% more capital invested
Capital invested by funds: $27.2M → $29.8M (+$2.62M)
3.5% more ownership
Funds ownership: 41.46% → 44.96% (+3.5%)
0% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.21M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$845K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$276K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$181K |
| 5 |
SCM
Saba Capital Management
New York
|
+$57.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$521K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$461K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$165K |
| 4 |
HK
Horizon Kinetics
New York
|
-$159K |
| 5 |
Morgan Stanley
New York
|
-$158K |
FMY Hedge Fund Activity: Q1 2014 in Review
22 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q1 2014, worth a combined $29.8M — up 9.6% from $27.2M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FMY positions and 3 closed out — a net gain of 3 holders — while 7 added to existing stakes and 7 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $2.21M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $521K sold.
- 22 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q1 2014, up from 19 in Q4 2013.
- Funds reported $29.8M of First Trust Mortgage Income Fund stock for Q1 2014, up 9.6% quarter-over-quarter.
- 6 funds opened new First Trust Mortgage Income Fund positions in Q1 2014 and 3 closed out, a net change of +3 holders.
- The largest First Trust Mortgage Income Fund buyer in Q1 2014 was Sit Investment Associates, an estimated $2.21M added.
- The largest First Trust Mortgage Income Fund seller in Q1 2014 was Robinson Capital Management, an estimated $521K sold.
Based on aggregated 13F filings for Q1 2014.