FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
FSD was delisted on the 19th of July, 2024.
49 hedge funds and large institutions have $251M invested in FIRST TRUST HIGH INCOME LONG/SHORT FUND in 2016 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 15 increasing their positions, 16 reducing their positions, and 12 closing their positions.
10% more capital invested
Capital invested by funds: $229M → $251M (+$22.8M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
6% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 16
11% less funds holding
Funds holding: 55 → 49 (-6)
50% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$24.7M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$6.79M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.76M |
| 4 |
Millennium Management
New York
|
+$1.51M |
| 5 |
CP
Camelot Portfolios
Maumee,
Ohio
|
+$778K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$6.23M |
| 2 |
AMH
Apollo Management Holdings
New York
|
-$6.02M |
| 3 |
Citigroup
New York
|
-$2.3M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.72M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.23M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AA
51
AQR Arbitrage
Greenwich,
Connecticut
| – | -$778K | -49,917 | Closed |
|
52
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$763K | -48,961 | Closed |
|
|
DA
53
Doliver Advisors
Houston,
Texas
| – | -$534K | -34,233 | Closed |
|
54
State of Wisconsin Investment Board
Madison,
Wisconsin
| – | -$346K | -22,200 | Closed |
|
55
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$334K | -21,441 | Closed |
|
|
OFG
56
OTA Financial Group
Purchase,
New York
| – | -$333K | -21,388 | Closed |
|
|
VKH
57
Virtu KCG Holdings
New York
| – | -$317K | -20,323 | Closed |
|
|
SFS
58
Shaker Financial Services
Arlington,
Virginia
| – | -$178K | -11,410 | Closed |
|
|
SKK
59
Shepherd Kaplan Krochuk
Boston,
Massachusetts
| – | -$158K | -10,120 | Closed |
|
|
WAM
60
Wolverine Asset Management
Chicago,
Illinois
| – | -$145K | -9,322 | Closed |
|
|
WA
61
WFG Advisors
Dallas,
Texas
| – | -$16K | -1,000 | Closed |
|
FSD Hedge Fund Activity: Q4 2016 in Review
49 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) for Q4 2016, worth a combined $251M — up 10% from $229M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of FSD and 6 opened new positions — a net loss of 6 holders — while 16 trimmed existing stakes and 15 added.
The largest buyer was Saba Capital Management, adding an estimated $24.7M. The largest seller was Morgan Stanley, cutting an estimated $6.23M.
- 49 institutional investors held FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) as of Q4 2016, down from 55 in Q3 2016.
- Funds reported $251M of FIRST TRUST HIGH INCOME LONG/SHORT FUND stock for Q4 2016, up 10% quarter-over-quarter.
- 6 funds opened new FIRST TRUST HIGH INCOME LONG/SHORT FUND positions in Q4 2016 and 12 closed out, a net change of -6 holders.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND buyer in Q4 2016 was Saba Capital Management, an estimated $24.7M added.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND seller in Q4 2016 was Morgan Stanley, an estimated $6.23M sold.
Based on aggregated 13F filings for Q4 2016.