First Trust Mortgage Income Fund
22 hedge funds and large institutions have $32.1M invested in First Trust Mortgage Income Fund in 2014 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 2 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
8% more capital invested
Capital invested by funds: $29.8M → $32.1M (+$2.25M)
3.03% more ownership
Funds ownership: 44.96% → 47.99% (+3%)
0% more funds holding
Funds holding: 22 → 22 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.2M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$328K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$42.6K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$11.1K |
| 5 |
SCM
Saba Capital Management
New York
|
+$7.95K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$180K |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$114K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$104K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$84.5K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$69.1K |
FMY Hedge Fund Activity: Q2 2014 in Review
22 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q2 2014, worth a combined $32.1M — up 7.5% from $29.8M a quarter earlier.
Fund positioning in FMY was balanced in Q2 2014: 2 funds opened new positions, 2 closed out, 8 added to existing stakes and 6 trimmed.
The largest buyer was 1607 Capital Partners, adding an estimated $2.2M. The largest seller was TFS Capital, exiting entirely with an estimated $180K sold.
- 22 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q2 2014, unchanged from Q1 2014.
- Funds reported $32.1M of First Trust Mortgage Income Fund stock for Q2 2014, up 7.5% quarter-over-quarter.
- 2 funds opened new First Trust Mortgage Income Fund positions in Q2 2014 and 2 closed out, a net change of 0 holders.
- The largest First Trust Mortgage Income Fund buyer in Q2 2014 was 1607 Capital Partners, an estimated $2.2M added.
- The largest First Trust Mortgage Income Fund seller in Q2 2014 was TFS Capital, an estimated $180K sold.
Based on aggregated 13F filings for Q2 2014.