FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
FSD was delisted on the 19th of July, 2024.
68 hedge funds and large institutions have $158M invested in FIRST TRUST HIGH INCOME LONG/SHORT FUND in 2018 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 14 increasing their positions, 36 reducing their positions, and 14 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less capital invested
Capital invested by funds: $164M → $158M (-$5.22M)
7% less funds holding
Funds holding: 73 → 68 (-5)
29% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 14
61% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 36
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$25M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.09M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$2.27M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$858K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$585K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$5.4M |
| 2 |
Morgan Stanley
New York
|
-$3.69M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$3.31M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.97M |
| 5 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$1.59M |
FSD Hedge Fund Activity: Q4 2018 in Review
68 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) for Q4 2018, worth a combined $158M — down 3.2% from $164M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of FSD and 10 opened new positions — a net loss of 4 holders — while 36 trimmed existing stakes and 14 added.
The largest buyer was Saba Capital Management, adding an estimated $25M. The largest seller was UBS Group, cutting an estimated $5.4M.
- 68 institutional investors held FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) as of Q4 2018, down from 73 in Q3 2018.
- Funds reported $158M of FIRST TRUST HIGH INCOME LONG/SHORT FUND stock for Q4 2018, down 3.2% quarter-over-quarter.
- 10 funds opened new FIRST TRUST HIGH INCOME LONG/SHORT FUND positions in Q4 2018 and 14 closed out, a net change of -4 holders.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND buyer in Q4 2018 was Saba Capital Management, an estimated $25M added.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND seller in Q4 2018 was UBS Group, an estimated $5.4M sold.
Based on aggregated 13F filings for Q4 2018.