FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
FSD was delisted on the 19th of July, 2024.
56 hedge funds and large institutions have $191M invested in FIRST TRUST HIGH INCOME LONG/SHORT FUND in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 17 increasing their positions, 19 reducing their positions, and 18 closing their positions.
7% more capital invested
Capital invested by funds: $178M → $191M (+$12.6M)
11% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 19
21% less funds holding
Funds holding: 71 → 56 (-15)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
83% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$12.5M |
| 2 |
Morgan Stanley
New York
|
+$5.24M |
| 3 |
Citigroup
New York
|
+$1.1M |
| 4 |
EM
EnTrustPermal Management
New York
|
+$1.1M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$630K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$3.26M |
| 2 |
AI
Atria Investments
Charlotte,
North Carolina
|
-$1.84M |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
-$1.25M |
| 4 |
UR
USCA RIA
Houston,
Texas
|
-$950K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$804K |
FSD Hedge Fund Activity: Q1 2016 in Review
56 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) for Q1 2016, worth a combined $191M — up 7.1% from $178M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of FSD and 3 opened new positions — a net loss of 15 holders — while 19 trimmed existing stakes and 17 added.
The largest buyer was Saba Capital Management, adding an estimated $12.5M. The largest seller was Wells Fargo, cutting an estimated $3.26M.
- 56 institutional investors held FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) as of Q1 2016, down from 71 in Q4 2015.
- Funds reported $191M of FIRST TRUST HIGH INCOME LONG/SHORT FUND stock for Q1 2016, up 7.1% quarter-over-quarter.
- 3 funds opened new FIRST TRUST HIGH INCOME LONG/SHORT FUND positions in Q1 2016 and 18 closed out, a net change of -15 holders.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND buyer in Q1 2016 was Saba Capital Management, an estimated $12.5M added.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND seller in Q1 2016 was Wells Fargo, an estimated $3.26M sold.
Based on aggregated 13F filings for Q1 2016.