First Trust Mortgage Income Fund
11 hedge funds and large institutions have $31.1M invested in First Trust Mortgage Income Fund in 2024 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 5 reducing their positions, and 2 closing their positions.
4% more capital invested
Capital invested by funds: $29.8M → $31.1M (+$1.3M)
0% more funds holding
Funds holding: 11 → 11 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
0.18% less ownership
Funds ownership: 59.36% → 59.17% (-0.18%)
60% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$184K |
| 2 |
Jones Financial Companies
Des Peres,
Missouri
|
+$56.8K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$14.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$222K |
| 2 |
NCM
Narwhal Capital Management
Marietta,
Georgia
|
-$162K |
| 3 |
Morgan Stanley
New York
|
-$92.5K |
| 4 |
Comerica Bank
Dallas,
Texas
|
-$45.7K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$6.14K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SIA
1
Sit Investment Associates
Minneapolis,
Minnesota
| $28.1M | +$14.8K | +1,204 | +0.1% |
|
|
1CP
2
1607 Capital Partners
Richmond,
Virginia
| $1.16M | -$222K | -18,100 | -16% |
|
|
3
Morgan Stanley
New York
| $862K | -$92.5K | -7,534 | -10% |
|
|
NCM
4
Narwhal Capital Management
Marietta,
Georgia
| $333K | -$162K | -13,201 | -33% |
|
|
UPS
5
UHLMANN PRICE SECURITIES
Skokie,
Illinois
| $191K | +$188K | +15,315 | New |
|
|
6
LPL Financial
San Diego,
California
| $187K | +$184K | +14,988 | New |
|
|
CAM
7
Cresset Asset Management
Chicago,
Illinois
| $176K | – | – | – |
|
|
8
Jones Financial Companies
Des Peres,
Missouri
| $66.2K | +$56.8K | +4,628 | +721% |
|
9
UBS Group
Zurich,
Switzerland
| $9.38K | -$2.55K | -208 | -22% |
|
|
10
Osaic Holdings
Scottsdale,
Arizona
| $3.82K | -$6.14K | -500 | -62% |
|
11
Wells Fargo
San Francisco,
California
| $12 | – | – | – |
|
|
12
Comerica Bank
Dallas,
Texas
| – | -$45.7K | -3,827 | Closed |
|
13
Bank of America
Charlotte,
North Carolina
| – | -$5.37K | -450 | Closed |
|
FMY Hedge Fund Activity: Q3 2024 in Review
11 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q3 2024, worth a combined $31.1M — up 4.4% from $29.8M a quarter earlier.
Fund positioning in FMY was balanced in Q3 2024: 2 funds opened new positions, 2 closed out, 2 added to existing stakes and 5 trimmed.
The largest buyer was LPL Financial, opening a new position worth an estimated $184K. The largest seller was 1607 Capital Partners, cutting an estimated $222K.
- 11 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q3 2024, unchanged from Q2 2024.
- Funds reported $31.1M of First Trust Mortgage Income Fund stock for Q3 2024, up 4.4% quarter-over-quarter.
- 2 funds opened new First Trust Mortgage Income Fund positions in Q3 2024 and 2 closed out, a net change of 0 holders.
- The largest First Trust Mortgage Income Fund buyer in Q3 2024 was LPL Financial, an estimated $184K added.
- The largest First Trust Mortgage Income Fund seller in Q3 2024 was 1607 Capital Partners, an estimated $222K sold.
Based on aggregated 13F filings for Q3 2024.