First Trust Mortgage Income Fund
17 hedge funds and large institutions have $33M invested in First Trust Mortgage Income Fund in 2018 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 8 increasing their positions, 5 reducing their positions, and 3 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 5
1.18% less ownership
Funds ownership: 59.75% → 58.57% (-1.2%)
11% less funds holding
Funds holding: 19 → 17 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
75% less capital inflows, than outflows
Capital inflows: $224K | Capital outflows: $888K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$111K |
| 2 |
IFP Advisors
Tampa,
Florida
|
+$42K |
| 3 |
Advisor Group
Phoenix,
Arizona
|
+$30.9K |
| 4 |
Walleye Trading
New York
|
+$13.3K |
| 5 |
LPL Financial
San Diego,
California
|
+$10.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Laurion Capital Management
New York
|
-$437K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$184K |
| 3 |
Doliver Advisors
Houston,
Texas
|
-$157K |
| 4 |
Morgan Stanley
New York
|
-$59K |
| 5 |
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$29.2K |
FMY Hedge Fund Activity: Q3 2018 in Review
17 of the 4,392 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q3 2018, worth a combined $33M — down 2.3% from $33.8M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FMY and 1 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 8 added.
The largest buyer was Sit Investment Associates, adding an estimated $111K. The largest seller was Laurion Capital Management, exiting entirely with an estimated $437K sold.
- 17 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q3 2018, down from 19 in Q2 2018.
- Funds reported $33M of First Trust Mortgage Income Fund stock for Q3 2018, down 2.3% quarter-over-quarter.
- 1 fund opened new First Trust Mortgage Income Fund positions in Q3 2018 and 3 closed out, a net change of -2 holders.
- The largest First Trust Mortgage Income Fund buyer in Q3 2018 was Sit Investment Associates, an estimated $111K added.
- The largest First Trust Mortgage Income Fund seller in Q3 2018 was Laurion Capital Management, an estimated $437K sold.
Based on aggregated 13F filings for Q3 2018.