First Trust Mortgage Income Fund
14 hedge funds and large institutions have $39.2M invested in First Trust Mortgage Income Fund in 2024 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 5 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
28% more capital invested
Capital invested by funds: $30.7M → $39.2M (+$8.48M)
8% more funds holding
Funds holding: 13 → 14 (+1)
3.79% more ownership
Funds ownership: 60.2% → 63.99% (+3.8%)
40% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.21M |
| 2 |
GAA
Global Assets Advisory
Orlando,
Florida
|
+$1.08M |
| 3 |
Morgan Stanley
New York
|
+$564K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$202K |
| 5 |
Comerica Bank
Dallas,
Texas
|
+$45.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2M |
| 2 |
TW
Transform Wealth
Greenwood Village,
Colorado
|
-$142K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$43.6K |
| 4 |
NCM
Narwhal Capital Management
Marietta,
Georgia
|
-$18.4K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$17.8K |
FMY Hedge Fund Activity: Q1 2024 in Review
14 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q1 2024, worth a combined $39.2M — up 28% from $30.7M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new FMY positions and 2 closed out — a net gain of 1 holder — while 3 added to existing stakes and 5 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $2.21M. The largest seller was 1607 Capital Partners, cutting an estimated $2M.
- 14 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q1 2024, up from 13 in Q4 2023.
- Funds reported $39.2M of First Trust Mortgage Income Fund stock for Q1 2024, up 28% quarter-over-quarter.
- 3 funds opened new First Trust Mortgage Income Fund positions in Q1 2024 and 2 closed out, a net change of +1 holder.
- The largest First Trust Mortgage Income Fund buyer in Q1 2024 was Sit Investment Associates, an estimated $2.21M added.
- The largest First Trust Mortgage Income Fund seller in Q1 2024 was 1607 Capital Partners, an estimated $2M sold.
Based on aggregated 13F filings for Q1 2024.