FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
FSD was delisted on the 19th of July, 2024.
54 hedge funds and large institutions have $202M invested in FIRST TRUST HIGH INCOME LONG/SHORT FUND in 2016 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 7 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
50% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 12
6% more capital invested
Capital invested by funds: $191M → $202M (+$11.5M)
4% less funds holding
Funds holding: 56 → 54 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$9.57M |
| 2 |
Morgan Stanley
New York
|
+$9.18M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$2.63M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$2.31M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$775K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$5.63M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$4.47M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.41M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.35M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.16M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VNA
51
Valley National Advisers
Bethlehem,
Pennsylvania
| $20K | – | – | – |
|
|
CFA
52
Carroll Financial Associates
Charlotte,
North Carolina
| $16K | – | – | – |
|
|
PCM
53
Penserra Capital Management
Orinda,
California
| $7K | – | – | – |
|
54
Creative Planning
Overland Park,
Kansas
| $3K | – | – | – |
|
|
PRCM
55
Pine River Capital Management
Minnetonka,
Minnesota
| – | -$5.63M | -384,994 | Closed |
|
|
COLIM
56
City of London Investment Management
London,
United Kingdom
| – | -$4.47M | -306,898 | Closed |
|
|
PPA
57
Parametric Portfolio Associates
Seattle,
Washington
| – | -$1.35M | -92,682 | Closed |
|
|
YMRC
58
Yorktown Management & Research Company
Forest,
Virginia
| – | -$1.02M | -70,000 | Closed |
|
59
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$750K | -51,280 | Closed |
|
|
KSCM
60
Kamunting Street Capital Management
Miami Beach,
Florida
| – | -$183K | -12,500 | Closed |
|
|
AIG
61
American International Group
New York
| – | -$122K | -8,356 | Closed |
|
FSD Hedge Fund Activity: Q2 2016 in Review
54 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) for Q2 2016, worth a combined $202M — up 6.1% from $191M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FSD and 5 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 18 added.
The largest buyer was Saba Capital Management, adding an estimated $9.57M. The largest seller was Pine River Capital Management, exiting entirely with an estimated $5.63M sold.
- 54 institutional investors held FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) as of Q2 2016, down from 56 in Q1 2016.
- Funds reported $202M of FIRST TRUST HIGH INCOME LONG/SHORT FUND stock for Q2 2016, up 6.1% quarter-over-quarter.
- 5 funds opened new FIRST TRUST HIGH INCOME LONG/SHORT FUND positions in Q2 2016 and 7 closed out, a net change of -2 holders.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND buyer in Q2 2016 was Saba Capital Management, an estimated $9.57M added.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND seller in Q2 2016 was Pine River Capital Management, an estimated $5.63M sold.
Based on aggregated 13F filings for Q2 2016.