FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
FSD was delisted on the 19th of July, 2024.
54 hedge funds and large institutions have $235M invested in FIRST TRUST HIGH INCOME LONG/SHORT FUND in 2017 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 23 reducing their positions, and 7 closing their positions.
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
2% more funds holding
Funds holding: 53 → 54 (+1)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
7% less capital invested
Capital invested by funds: $254M → $235M (-$18.4M)
43% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.37M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.34M |
| 3 |
Citigroup
New York
|
+$995K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$634K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$499K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$10.9M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$8.03M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.55M |
| 4 |
SCM
Saba Capital Management
New York
|
-$2.25M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.74M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPIA
51
Steward Partners Investment Advisory
New York
| $8K | – | – | – |
|
52
Creative Planning
Overland Park,
Kansas
| $4K | -$16.4K | -963 | -80% |
|
|
IWM
53
IHT Wealth Management
Chicago,
Illinois
| $140 | +$8.01K | +469 | New |
|
54
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| – | -$1.03M | -61,700 | Closed |
|
|
SFS
55
Shaker Financial Services
Arlington,
Virginia
| – | -$551K | -33,102 | Closed |
|
56
Millennium Management
New York
| – | -$369K | -22,139 | Closed |
|
57
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$345K | -20,720 | Closed |
|
58
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$13K | -795 | Closed |
|
|
TRCT
59
Tower Research Capital (TRC)
New York
| – | -$7.34K | -430 | Closed |
|
|
PFO
60
Pathstone Family Office
Englewood,
New Jersey
| – | -$3K | -162 | Closed |
|
FSD Hedge Fund Activity: Q2 2017 in Review
54 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) for Q2 2017, worth a combined $235M — down 7.2% from $254M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FSD positions and 7 closed out — a net gain of 1 holder — while 13 added to existing stakes and 23 trimmed.
The largest buyer was Bank of Montreal, opening a new position worth an estimated $1.37M. The largest seller was Morgan Stanley, cutting an estimated $10.9M.
- 54 institutional investors held FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) as of Q2 2017, up from 53 in Q1 2017.
- Funds reported $235M of FIRST TRUST HIGH INCOME LONG/SHORT FUND stock for Q2 2017, down 7.2% quarter-over-quarter.
- 8 funds opened new FIRST TRUST HIGH INCOME LONG/SHORT FUND positions in Q2 2017 and 7 closed out, a net change of +1 holder.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND buyer in Q2 2017 was Bank of Montreal, an estimated $1.37M added.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND seller in Q2 2017 was Morgan Stanley, an estimated $10.9M sold.
Based on aggregated 13F filings for Q2 2017.