First Trust Mortgage Income Fund
15 hedge funds and large institutions have $28.1M invested in First Trust Mortgage Income Fund in 2023 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 4 reducing their positions, and 2 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 4
3% more capital invested
Capital invested by funds: $27.4M → $28.1M (+$754K)
0.53% more ownership
Funds ownership: 58.34% → 58.86% (+0.53%)
0% more funds holding
Funds holding: 15 → 15 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$535K |
| 2 |
NCM
Narwhal Capital Management
Marietta,
Georgia
|
+$125K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$52.8K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$30.5K |
| 5 |
SPIA
Steward Partners Investment Advisory
New York
|
+$13.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$257K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$142K |
| 3 |
Morgan Stanley
New York
|
-$81.2K |
| 4 |
LPL Financial
San Diego,
California
|
-$27.2K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$11 |
FMY Hedge Fund Activity: Q1 2023 in Review
15 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q1 2023, worth a combined $28.1M — up 2.8% from $27.4M a quarter earlier.
Fund positioning in FMY was balanced in Q1 2023: 2 funds opened new positions, 2 closed out, 5 added to existing stakes and 4 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $535K. The largest seller was 1607 Capital Partners, cutting an estimated $257K.
- 15 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q1 2023, unchanged from Q4 2022.
- Funds reported $28.1M of First Trust Mortgage Income Fund stock for Q1 2023, up 2.8% quarter-over-quarter.
- 2 funds opened new First Trust Mortgage Income Fund positions in Q1 2023 and 2 closed out, a net change of 0 holders.
- The largest First Trust Mortgage Income Fund buyer in Q1 2023 was Sit Investment Associates, an estimated $535K added.
- The largest First Trust Mortgage Income Fund seller in Q1 2023 was 1607 Capital Partners, an estimated $257K sold.
Based on aggregated 13F filings for Q1 2023.