First Trust Mortgage Income Fund
21 hedge funds and large institutions have $31.8M invested in First Trust Mortgage Income Fund in 2014 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 1 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
1.83% more ownership
Funds ownership: 47.99% → 49.81% (+1.8%)
1% less capital invested
Capital invested by funds: $32.1M → $31.8M (-$301K)
5% less funds holding
Funds holding: 22 → 21 (-1)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.2M |
| 2 |
SCM
Saba Capital Management
New York
|
+$271K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$164K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$62.6K |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$40.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$357K |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$111K |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$45.1K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$39.9K |
| 5 |
Morgan Stanley
New York
|
-$11.9K |
FMY Hedge Fund Activity: Q3 2014 in Review
21 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q3 2014, worth a combined $31.8M — down 0.94% from $32.1M a quarter earlier.
Sellers outnumbered buyers: 1 fund closed out of FMY and 0 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 8 added.
The largest buyer was 1607 Capital Partners, adding an estimated $1.2M. The largest seller was Thomas J. Herzfeld Advisors, cutting an estimated $357K.
- 21 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q3 2014, down from 22 in Q2 2014.
- Funds reported $31.8M of First Trust Mortgage Income Fund stock for Q3 2014, down 0.94% quarter-over-quarter.
- 0 funds opened new First Trust Mortgage Income Fund positions in Q3 2014 and 1 closed out, a net change of -1 holder.
- The largest First Trust Mortgage Income Fund buyer in Q3 2014 was 1607 Capital Partners, an estimated $1.2M added.
- The largest First Trust Mortgage Income Fund seller in Q3 2014 was Thomas J. Herzfeld Advisors, an estimated $357K sold.
Based on aggregated 13F filings for Q3 2014.