First Trust Mortgage Income Fund
13 hedge funds and large institutions have $30.7M invested in First Trust Mortgage Income Fund in 2023 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 4 reducing their positions, and 5 closing their positions.
9% more capital invested
Capital invested by funds: $28.2M → $30.7M (+$2.51M)
0.18% more ownership
Funds ownership: 60.02% → 60.2% (+0.18%)
25% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 4
28% less funds holding
Funds holding: 18 → 13 (-5)
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Narwhal Capital Management
Marietta,
Georgia
|
+$205K |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$75.5K |
| 3 |
Morgan Stanley
New York
|
+$57.8K |
| 4 |
CS
Clear Street
New York
|
+$793 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$157K |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$75.9K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$4.74K |
| 4 |
LPL Financial
San Diego,
California
|
-$3.84K |
| 5 |
GRP
Global Retirement Partners
San Rafael,
California
|
-$2.81K |
FMY Hedge Fund Activity: Q4 2023 in Review
13 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q4 2023, worth a combined $30.7M — up 8.9% from $28.2M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FMY and 1 opened new positions — a net loss of 4 holders — while 4 trimmed existing stakes and 3 added.
The largest buyer was Narwhal Capital Management, adding an estimated $205K. The largest seller was Susquehanna International Group, exiting entirely with an estimated $157K sold.
- 13 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q4 2023, down from 18 in Q3 2023.
- Funds reported $30.7M of First Trust Mortgage Income Fund stock for Q4 2023, up 8.9% quarter-over-quarter.
- 1 fund opened new First Trust Mortgage Income Fund positions in Q4 2023 and 5 closed out, a net change of -4 holders.
- The largest First Trust Mortgage Income Fund buyer in Q4 2023 was Narwhal Capital Management, an estimated $205K added.
- The largest First Trust Mortgage Income Fund seller in Q4 2023 was Susquehanna International Group, an estimated $157K sold.
Based on aggregated 13F filings for Q4 2023.