First Trust Mortgage Income Fund
18 hedge funds and large institutions have $28.2M invested in First Trust Mortgage Income Fund in 2023 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 4 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
50% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 4
20% more funds holding
Funds holding: 15 → 18 (+3)
1% more capital invested
Capital invested by funds: $27.8M → $28.2M (+$399K)
0.77% more ownership
Funds ownership: 59.25% → 60.02% (+0.77%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.02M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$158K |
| 3 |
TW
Transform Wealth
Greenwood Village,
Colorado
|
+$131K |
| 4 |
NCM
Narwhal Capital Management
Marietta,
Georgia
|
+$61.6K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$4.36K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACP
Aviance Capital Partners
Naples,
Florida
|
-$924K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$61.9K |
| 3 |
LPL Financial
San Diego,
California
|
-$11.3K |
| 4 |
SPIA
Steward Partners Investment Advisory
New York
|
-$3.02K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.25K |
FMY Hedge Fund Activity: Q3 2023 in Review
18 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q3 2023, worth a combined $28.2M — up 1.4% from $27.8M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new FMY positions and 1 closed out — a net gain of 3 holders — while 6 added to existing stakes and 4 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $1.02M. The largest seller was Aviance Capital Partners, exiting entirely with an estimated $924K sold.
- 18 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q3 2023, up from 15 in Q2 2023.
- Funds reported $28.2M of First Trust Mortgage Income Fund stock for Q3 2023, up 1.4% quarter-over-quarter.
- 4 funds opened new First Trust Mortgage Income Fund positions in Q3 2023 and 1 closed out, a net change of +3 holders.
- The largest First Trust Mortgage Income Fund buyer in Q3 2023 was Sit Investment Associates, an estimated $1.02M added.
- The largest First Trust Mortgage Income Fund seller in Q3 2023 was Aviance Capital Partners, an estimated $924K sold.
Based on aggregated 13F filings for Q3 2023.