FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
FSD was delisted on the 19th of July, 2024.
55 hedge funds and large institutions have $166M invested in FIRST TRUST HIGH INCOME LONG/SHORT FUND in 2013 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 18 increasing their positions, 21 reducing their positions, and 10 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
40% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 10
20% more capital invested
Capital invested by funds: $138M → $166M (+$27.2M)
6% more funds holding
Funds holding: 52 → 55 (+3)
14% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Third Avenue Management
New York
|
+$7.18M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.85M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$6.81M |
| 4 |
Morgan Stanley
New York
|
+$3.34M |
| 5 |
SCM
Saba Capital Management
New York
|
+$2.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$1.17M |
| 2 |
OC
Oppenheimer & Co
New York
|
-$1.16M |
| 3 |
Comerica Bank
Dallas,
Texas
|
-$1.13M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.07M |
| 5 |
FHC
First Heartland Consultants
Lake St. Louis,
Missouri
|
-$1.05M |
FSD Hedge Fund Activity: Q4 2013 in Review
55 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) for Q4 2013, worth a combined $166M — up 20% from $138M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new FSD positions and 10 closed out — a net gain of 4 holders — while 18 added to existing stakes and 21 trimmed.
The largest buyer was Third Avenue Management, adding an estimated $7.18M. The largest seller was Wells Fargo, cutting an estimated $1.17M.
- 55 institutional investors held FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) as of Q4 2013, up from 52 in Q3 2013.
- Funds reported $166M of FIRST TRUST HIGH INCOME LONG/SHORT FUND stock for Q4 2013, up 20% quarter-over-quarter.
- 14 funds opened new FIRST TRUST HIGH INCOME LONG/SHORT FUND positions in Q4 2013 and 10 closed out, a net change of +4 holders.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND buyer in Q4 2013 was Third Avenue Management, an estimated $7.18M added.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND seller in Q4 2013 was Wells Fargo, an estimated $1.17M sold.
Based on aggregated 13F filings for Q4 2013.