First Trust Mortgage Income Fund
20 hedge funds and large institutions have $32.9M invested in First Trust Mortgage Income Fund in 2015 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 5 reducing their positions, and 1 closing their positions.
291% more capital inflows, than outflows
Capital inflows: $2.84M | Capital outflows: $726K
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
80% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 5
11% more funds holding
Funds holding: 18 → 20 (+2)
3.49% more ownership
Funds ownership: 51.2% → 54.68% (+3.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Icon Advisers
Greenwood Village,
Colorado
|
+$1.95M |
| 2 |
1607 Capital Partners
Richmond,
Virginia
|
+$602K |
| 3 |
Saba Capital Management
New York
|
+$100K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$78.2K |
| 5 |
Morgan Stanley
New York
|
+$49.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sit Investment Associates
Minneapolis,
Minnesota
|
-$476K |
| 2 |
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$116K |
| 3 |
City of London Investment Management
London,
United Kingdom
|
-$114K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$16K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$3.58K |
FMY Hedge Fund Activity: Q3 2015 in Review
20 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q3 2015, worth a combined $32.9M — up 8.1% from $30.4M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new FMY positions and 1 closed out — a net gain of 2 holders — while 9 added to existing stakes and 5 trimmed.
The largest buyer was Icon Advisers, opening a new position worth an estimated $1.95M. The largest seller was Sit Investment Associates, cutting an estimated $476K.
- 20 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q3 2015, up from 18 in Q2 2015.
- Funds reported $32.9M of First Trust Mortgage Income Fund stock for Q3 2015, up 8.1% quarter-over-quarter.
- 3 funds opened new First Trust Mortgage Income Fund positions in Q3 2015 and 1 closed out, a net change of +2 holders.
- The largest First Trust Mortgage Income Fund buyer in Q3 2015 was Icon Advisers, an estimated $1.95M added.
- The largest First Trust Mortgage Income Fund seller in Q3 2015 was Sit Investment Associates, an estimated $476K sold.
Based on aggregated 13F filings for Q3 2015.