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FMY

First Trust Mortgage Income Fund
FMY

11 hedge funds and large institutions have $29.8M invested in First Trust Mortgage Income Fund in 2024 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 4 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

4.63% less ownership

Funds ownership: 63.99% → 59.36% (-4.6%)

21% less funds holding

Funds holding: 14 → 11 (-3)

24% less capital invested

Capital invested by funds: $39.2M → $29.8M (-$9.39M)

50% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 4

60% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 5

Holders
11
Holders Change
-3
Holders Change %
-21.43%
% of All Funds
0.16%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
2
Reduced
4
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$227K
2
UBS Group
UBS Group
Switzerland
+$11.4K
3
Jones Financial Companies
Jones Financial Companies
Missouri
+$7.63K
4
Wells Fargo
Wells Fargo
California
+$12

Top Sellers

Rank Fund Capital Flow
1
GAA
Global Assets Advisory
Florida
-$7.51M
2
1CP
1607 Capital Partners
Virginia
-$386K
3
SIA
Sit Investment Associates
Minnesota
-$280K
4
RJFSA
Raymond James Financial Services Advisors
Florida
-$235K
5
SFS
Shaker Financial Services
Virginia
-$207K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
1
Sit Investment Associates
Minnesota
$26.9M -$280K -23,607 -1%
1CP
2
1607 Capital Partners
Virginia
$1.32M -$386K -32,500 -23%
Morgan Stanley
3
Morgan Stanley
New York
$913K +$227K +19,134 +33%
NCM
4
Narwhal Capital Management
Georgia
$476K -$89.6K -7,539 -16%
CAM
5
Cresset Asset Management
Illinois
$168K – – –
Comerica Bank
6
Comerica Bank
Texas
$45.7K – – –
UBS Group
7
UBS Group
Switzerland
$11.4K +$11.4K +958 +95,800%
Osaic Holdings
8
Osaic Holdings
Arizona
$9.61K -$104K -8,720 -92%
Jones Financial Companies
9
Jones Financial Companies
Missouri
$7.66K +$7.63K +642 New
Bank of America
10
Bank of America
North Carolina
$5.37K – – –
Wells Fargo
11
Wells Fargo
California
$8 +$12 +1 New
GAA
12
Global Assets Advisory
Florida
– -$7.51M -90,985 Closed
RJFSA
13
Raymond James Financial Services Advisors
Florida
– -$235K -19,305 Closed
SFS
14
Shaker Financial Services
Virginia
– -$207K -17,009 Closed
LPL Financial
15
LPL Financial
California
– -$187K -15,320 Closed
SPIA
16
Steward Partners Investment Advisory
New York
– -$8.94K -734 Closed

FMY Hedge Fund Activity: Q2 2024 in Review

11 of the 6,925 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q2 2024, worth a combined $29.8M — down 24% from $39.2M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of FMY and 2 opened new positions — a net loss of 3 holders — while 4 trimmed existing stakes and 2 added.

The largest buyer was Morgan Stanley, adding an estimated $227K. The largest seller was Global Assets Advisory, exiting entirely with an estimated $7.51M sold.

  • 11 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q2 2024, down from 14 in Q1 2024.
  • Funds reported $29.8M of First Trust Mortgage Income Fund stock for Q2 2024, down 24% quarter-over-quarter.
  • 2 funds opened new First Trust Mortgage Income Fund positions in Q2 2024 and 5 closed out, a net change of -3 holders.
  • The largest First Trust Mortgage Income Fund buyer in Q2 2024 was Morgan Stanley, an estimated $227K added.
  • The largest First Trust Mortgage Income Fund seller in Q2 2024 was Global Assets Advisory, an estimated $7.51M sold.

Based on aggregated 13F filings for Q2 2024.