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FSD

FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD

Delisted

FSD was delisted on the 19th of July, 2024.

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75 hedge funds and large institutions have $150M invested in FIRST TRUST HIGH INCOME LONG/SHORT FUND in 2020 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 21 increasing their positions, 22 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

17% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 12

5% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 22

1% less funds holding

Funds holding: 76 → 75 (-1)

28% less capital invested

Capital invested by funds: $210M → $150M (-$59.5M)

Holders
75
Holders Change
-1
Holders Change %
-1.32%
% of All Funds
1.65%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
14
Increased
21
Reduced
22
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$13.7M
2
BI
Bramshill Investments
Florida
+$5.03M
3
PPA
Parametric Portfolio Associates
Washington
+$2.84M
4
SIA
Sit Investment Associates
Minnesota
+$937K
5
Goldman Sachs
Goldman Sachs
New York
+$847K

Top Sellers

Rank Fund Capital Flow
1
LFAS
Level Four Advisory Services
Texas
-$19.8M
2
UBS Group
UBS Group
Switzerland
-$10.9M
3
BlackRock
BlackRock
New York
-$3.21M
4
Morgan Stanley
Morgan Stanley
New York
-$2.75M
5
Bank of America
Bank of America
North Carolina
-$2.25M
Name Holding Trade Value Shares
Change 		Change in
Stake
Baird Financial Group
26
Baird Financial Group
Wisconsin
$421K +$66.6K +4,568 +15%
Franklin Resources
27
Franklin Resources
California
$358K – – –
BI
28
Bulldog Investors
New Jersey
$339K – – –
CIA
29
Capital Investment Advisors
Georgia
$310K -$7.96K -546 -2%
CRC
30
Curi RMB Capital
Illinois
$302K +$361K +24,786 New
TWM
31
Titus Wealth Management
California
$268K +$321K +22,000 New
CAN
32
Cetera Advisor Networks
California
$255K -$41.8K -2,870 -12%
PCM
33
Price Capital Management
Louisiana
$237K +$285K +19,569 New
SFS
34
Shaker Financial Services
Virginia
$235K +$36.7K +2,517 +15%
GC
35
Guggenheim Capital
Illinois
$232K -$9.04K -620 -3%
POIA
36
Pin Oak Investment Advisors
Texas
$228K – – –
Stifel Financial
37
Stifel Financial
Missouri
$221K +$35.5K +2,433 +15%
LPL Financial
38
LPL Financial
California
$207K +$20.2K +1,386 +9%
Cambridge Investment Research Advisors
39
Cambridge Investment Research Advisors
Iowa
$204K -$36.9K -2,532 -13%
RJT
40
Raymond James Trust
Florida
$201K -$2.73K -187 -1%
Millennium Management
41
Millennium Management
New York
$195K +$234K +16,025 New
SPIA
42
Steward Partners Investment Advisory
New York
$172K +$4.47K +307 +2%
Bank of Montreal
43
Bank of Montreal
Ontario, Canada
$167K – – –
AP
44
Arlington Partners
Alabama
$166K – – –
Envestnet Asset Management
45
Envestnet Asset Management
Illinois
$162K -$20.6K -1,411 -10%
WT
46
Whittier Trust
California
$156K – – –
DADC
47
D.A. Davidson & Co
Montana
$145K +$9.25K +635 +6%
Commonwealth Equity Services
48
Commonwealth Equity Services
Massachusetts
$141K +$18.5K +1,272 +12%
UCI
49
Uncommon Cents Investing
Wisconsin
$139K – – –
WI
50
Wintrust Investments
Illinois
$139K +$166K +11,416 New
1
2
3 4

FSD Hedge Fund Activity: Q1 2020 in Review

75 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) for Q1 2020, worth a combined $150M — down 28% from $210M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new FSD positions and 12 closed out — a net gain of 2 holders — while 21 added to existing stakes and 22 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $13.7M. The largest seller was Level Four Advisory Services, exiting entirely with an estimated $19.8M sold.

  • 75 institutional investors held FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) as of Q1 2020, down from 76 in Q4 2019.
  • Funds reported $150M of FIRST TRUST HIGH INCOME LONG/SHORT FUND stock for Q1 2020, down 28% quarter-over-quarter.
  • 14 funds opened new FIRST TRUST HIGH INCOME LONG/SHORT FUND positions in Q1 2020 and 12 closed out, a net change of +2 holders.
  • The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND buyer in Q1 2020 was Saba Capital Management, an estimated $13.7M added.
  • The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND seller in Q1 2020 was Level Four Advisory Services, an estimated $19.8M sold.

Based on aggregated 13F filings for Q1 2020.