First Trust Mortgage Income Fund
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.
2.65% less ownership
Funds ownership: 62.01% → 59.36% (-2.6%)
6% less capital invested
Capital invested by funds: $31.8M → $29.8M (-$1.97M)
21% less funds holding
Funds holding: 14 → 11 (-3)
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$227K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$11.4K |
| 3 |
Jones Financial Companies
Des Peres,
Missouri
|
+$7.63K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$12 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$386K |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$280K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$235K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$207K |
| 5 |
LPL Financial
San Diego,
California
|
-$187K |
FMY Hedge Fund Activity: Q2 2024 in Review
11 of the 6,935 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 6.2% from $31.8M 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 1607 Capital Partners, cutting an estimated $386K.
- 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 6.2% 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 1607 Capital Partners, an estimated $386K sold.
Based on aggregated 13F filings for Q2 2024.