First Trust Mortgage Income Fund
15 hedge funds and large institutions have $32.8M invested in First Trust Mortgage Income Fund in 2018 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 4 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
0.93% more ownership
Funds ownership: 58.57% → 59.5% (+0.93%)
1% less capital invested
Capital invested by funds: $33M → $32.8M (-$260K)
12% less funds holding
Funds holding: 17 → 15 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$349K |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$282K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$243K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$21.8K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$14.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
-$162K |
| 2 |
LPL Financial
San Diego,
California
|
-$152K |
| 3 |
Morgan Stanley
New York
|
-$60.5K |
| 4 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$13.5K |
| 5 |
Walleye Trading
New York
|
-$13K |
FMY Hedge Fund Activity: Q4 2018 in Review
15 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q4 2018, worth a combined $32.8M — down 0.79% from $33M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of FMY and 2 opened new positions — a net loss of 2 holders — while 4 trimmed existing stakes and 7 added.
The largest buyer was 1607 Capital Partners, adding an estimated $349K. The largest seller was Doliver Advisors, exiting entirely with an estimated $162K sold.
- 15 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q4 2018, down from 17 in Q3 2018.
- Funds reported $32.8M of First Trust Mortgage Income Fund stock for Q4 2018, down 0.79% quarter-over-quarter.
- 2 funds opened new First Trust Mortgage Income Fund positions in Q4 2018 and 4 closed out, a net change of -2 holders.
- The largest First Trust Mortgage Income Fund buyer in Q4 2018 was 1607 Capital Partners, an estimated $349K added.
- The largest First Trust Mortgage Income Fund seller in Q4 2018 was Doliver Advisors, an estimated $162K sold.
Based on aggregated 13F filings for Q4 2018.