First Trust Mortgage Income Fund
20 hedge funds and large institutions have $34.8M invested in First Trust Mortgage Income Fund in 2016 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 2 closing their positions.
1% more capital invested
Capital invested by funds: $34.6M → $34.8M (+$191K)
0.03% less ownership
Funds ownership: 57.08% → 57.05% (-0.03%)
5% less funds holding
Funds holding: 21 → 20 (-1)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$673K |
| 2 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$102K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$75.5K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$61.2K |
| 5 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$28.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$661K |
| 2 |
SCM
Saba Capital Management
New York
|
-$95.7K |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$78K |
| 4 |
S
SignatureFD
Atlanta,
Georgia
|
-$49K |
| 5 |
Citigroup
New York
|
-$45.3K |
FMY Hedge Fund Activity: Q2 2016 in Review
20 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q2 2016, worth a combined $34.8M — up 0.55% from $34.6M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of FMY and 1 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 8 added.
The largest buyer was Sit Investment Associates, adding an estimated $673K. The largest seller was LPL Financial, cutting an estimated $661K.
- 20 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q2 2016, down from 21 in Q1 2016.
- Funds reported $34.8M of First Trust Mortgage Income Fund stock for Q2 2016, up 0.55% quarter-over-quarter.
- 1 fund opened new First Trust Mortgage Income Fund positions in Q2 2016 and 2 closed out, a net change of -1 holder.
- The largest First Trust Mortgage Income Fund buyer in Q2 2016 was Sit Investment Associates, an estimated $673K added.
- The largest First Trust Mortgage Income Fund seller in Q2 2016 was LPL Financial, an estimated $661K sold.
Based on aggregated 13F filings for Q2 2016.