First Trust Mortgage Income Fund
19 hedge funds and large institutions have $33.1M invested in First Trust Mortgage Income Fund in 2014 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 8 reducing their positions, and 3 closing their positions.
2.98% more ownership
Funds ownership: 49.81% → 52.79% (+3%)
4% more capital invested
Capital invested by funds: $31.8M → $33.1M (+$1.29M)
10% less funds holding
Funds holding: 21 → 19 (-2)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
50% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.6M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$108K |
| 3 |
Citigroup
New York
|
+$96.8K |
| 4 |
Morgan Stanley
New York
|
+$36.5K |
| 5 |
AIG
American International Group
New York
|
+$105 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
-$325K |
| 2 |
SCM
Saba Capital Management
New York
|
-$219K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$107K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$82.6K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$59.6K |
FMY Hedge Fund Activity: Q4 2014 in Review
19 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q4 2014, worth a combined $33.1M — up 4.1% from $31.8M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FMY and 2 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 4 added.
The largest buyer was Sit Investment Associates, adding an estimated $2.6M. The largest seller was Doliver Advisors, exiting entirely with an estimated $325K sold.
- 19 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q4 2014, down from 21 in Q3 2014.
- Funds reported $33.1M of First Trust Mortgage Income Fund stock for Q4 2014, up 4.1% quarter-over-quarter.
- 2 funds opened new First Trust Mortgage Income Fund positions in Q4 2014 and 3 closed out, a net change of -1 holder.
- The largest First Trust Mortgage Income Fund buyer in Q4 2014 was Sit Investment Associates, an estimated $2.6M added.
- The largest First Trust Mortgage Income Fund seller in Q4 2014 was Doliver Advisors, an estimated $325K sold.
Based on aggregated 13F filings for Q4 2014.