FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
FSD was delisted on the 19th of July, 2024.
55 hedge funds and large institutions have $229M invested in FIRST TRUST HIGH INCOME LONG/SHORT FUND in 2016 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 14 reducing their positions, and 8 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 14
13% more capital invested
Capital invested by funds: $202M → $229M (+$26.4M)
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
2% more funds holding
Funds holding: 54 → 55 (+1)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$18.4M |
| 2 |
AMH
Apollo Management Holdings
New York
|
+$5.95M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.58M |
| 4 |
Morgan Stanley
New York
|
+$1.13M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$832K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$3.31M |
| 2 |
EM
EnTrustPermal Management
New York
|
-$2.42M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.05M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.33M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.26M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Fifth Third Bancorp
Cincinnati,
Ohio
| $21K | – | – | – |
|
52
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $21K | – | – | – |
|
|
WA
53
WFG Advisors
Dallas,
Texas
| $16K | +$15.4K | +1,000 | New |
|
|
PCM
54
Penserra Capital Management
Orinda,
California
| $7K | +$832 | +54 | +12% |
|
55
Creative Planning
Overland Park,
Kansas
| $3K | – | – | – |
|
|
CRC
56
Curi RMB Capital
Chicago,
Illinois
| – | -$3.31M | -223,322 | Closed |
|
|
EM
57
EnTrustPermal Management
New York
| – | -$2.42M | -163,000 | Closed |
|
|
TC
58
TFS Capital
West Chester,
Pennsylvania
| – | -$420K | -28,305 | Closed |
|
|
CS
59
Credit Suisse
Zurich,
Switzerland
| – | -$356K | -24,023 | Closed |
|
60
Citadel Advisors
Miami,
Florida
| – | -$162K | -10,920 | Closed |
|
|
EWM
61
Evercore Wealth Management
New York
| – | -$74K | -5,000 | Closed |
|
|
VNA
62
Valley National Advisers
Bethlehem,
Pennsylvania
| – | -$20K | -1,333 | Closed |
|
|
CFA
63
Carroll Financial Associates
Charlotte,
North Carolina
| – | -$16K | -1,100 | Closed |
|
FSD Hedge Fund Activity: Q3 2016 in Review
55 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) for Q3 2016, worth a combined $229M — up 13% from $202M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FSD positions and 8 closed out — a net gain of 1 holder — while 19 added to existing stakes and 14 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $18.4M. The largest seller was Curi RMB Capital, exiting entirely with an estimated $3.31M sold.
- 55 institutional investors held FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) as of Q3 2016, up from 54 in Q2 2016.
- Funds reported $229M of FIRST TRUST HIGH INCOME LONG/SHORT FUND stock for Q3 2016, up 13% quarter-over-quarter.
- 9 funds opened new FIRST TRUST HIGH INCOME LONG/SHORT FUND positions in Q3 2016 and 8 closed out, a net change of +1 holder.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND buyer in Q3 2016 was Saba Capital Management, an estimated $18.4M added.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND seller in Q3 2016 was Curi RMB Capital, an estimated $3.31M sold.
Based on aggregated 13F filings for Q3 2016.