FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
FSD was delisted on the 19th of July, 2024.
67 hedge funds and large institutions have $173M invested in FIRST TRUST HIGH INCOME LONG/SHORT FUND in 2019 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 19 increasing their positions, 25 reducing their positions, and 9 closing their positions.
3% less capital invested
Capital invested by funds: $179M → $173M (-$5.62M)
3% less funds holding
Funds holding: 69 → 67 (-2)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
24% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 25
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.78M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.39M |
| 3 |
BI
Bramshill Investments
Naples,
Florida
|
+$1.92M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.62M |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$595K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$4.88M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$3.57M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.9M |
| 4 |
CP
Camelot Portfolios
Maumee,
Ohio
|
-$1.63M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
-$1.33M |
FSD Hedge Fund Activity: Q3 2019 in Review
67 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) for Q3 2019, worth a combined $173M — down 3.1% from $179M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FSD and 7 opened new positions — a net loss of 2 holders — while 25 trimmed existing stakes and 19 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $3.78M. The largest seller was Saba Capital Management, cutting an estimated $4.88M.
- 67 institutional investors held FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) as of Q3 2019, down from 69 in Q2 2019.
- Funds reported $173M of FIRST TRUST HIGH INCOME LONG/SHORT FUND stock for Q3 2019, down 3.1% quarter-over-quarter.
- 7 funds opened new FIRST TRUST HIGH INCOME LONG/SHORT FUND positions in Q3 2019 and 9 closed out, a net change of -2 holders.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND buyer in Q3 2019 was Rivernorth Capital Management, an estimated $3.78M added.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND seller in Q3 2019 was Saba Capital Management, an estimated $4.88M sold.
Based on aggregated 13F filings for Q3 2019.