First Trust Mortgage Income Fund
20 hedge funds and large institutions have $34.4M invested in First Trust Mortgage Income Fund in 2016 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 2 closing their positions.
0.89% less ownership
Funds ownership: 58.8% → 57.91% (-0.89%)
4% less capital invested
Capital invested by funds: $35.8M → $34.4M (-$1.47M)
5% less funds holding
Funds holding: 21 → 20 (-1)
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
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
|
+$1.42M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$67.5K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$49.2K |
| 4 |
Morgan Stanley
New York
|
+$40.8K |
| 5 |
LPL Financial
San Diego,
California
|
+$22.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$832K |
| 2 |
SCM
Saba Capital Management
New York
|
-$489K |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$385K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$210K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$152K |
FMY Hedge Fund Activity: Q4 2016 in Review
20 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q4 2016, worth a combined $34.4M — down 4.1% from $35.8M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of FMY and 1 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 6 added.
The largest buyer was Sit Investment Associates, adding an estimated $1.42M. The largest seller was Icon Advisers, cutting an estimated $832K.
- 20 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q4 2016, down from 21 in Q3 2016.
- Funds reported $34.4M of First Trust Mortgage Income Fund stock for Q4 2016, down 4.1% quarter-over-quarter.
- 1 fund opened new First Trust Mortgage Income Fund positions in Q4 2016 and 2 closed out, a net change of -1 holder.
- The largest First Trust Mortgage Income Fund buyer in Q4 2016 was Sit Investment Associates, an estimated $1.42M added.
- The largest First Trust Mortgage Income Fund seller in Q4 2016 was Icon Advisers, an estimated $832K sold.
Based on aggregated 13F filings for Q4 2016.