FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
FSD was delisted on the 19th of July, 2024.
54 hedge funds and large institutions have $159M invested in FIRST TRUST HIGH INCOME LONG/SHORT FUND in 2017 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 17 increasing their positions, 20 reducing their positions, and 10 closing their positions.
0% more funds holding
Funds holding: 54 → 54 (0)
0% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 10
15% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 20
33% less capital invested
Capital invested by funds: $235M → $159M (-$76.9M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$14M |
| 2 |
Morgan Stanley
New York
|
+$3.74M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2.03M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.3M |
| 5 |
QFA
Quattro Financial Advisors
The Woodlands,
Texas
|
+$1.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$75.4M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$8.09M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$3.64M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.96M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Fifth Third Bancorp
Cincinnati,
Ohio
| $4K | -$4.69K | -276 | -53% |
|
52
SEI Investments
Oaks,
Pennsylvania
| $4K | +$4.25K | +250 | New |
|
|
TRCT
53
Tower Research Capital (TRC)
New York
| $3K | +$3.4K | +200 | New |
|
|
PA
54
Parallel Advisors
San Francisco,
California
| $2K | +$1.92K | +113 | New |
|
|
RCM
55
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$2.96M | -171,784 | Closed |
|
|
56
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$2.2M | -127,574 | Closed |
|
57
Citigroup
New York
| – | -$1.01M | -58,700 | Closed |
|
58
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$367K | -21,272 | Closed |
|
|
RVPG
59
Relative Value Partners Group
| – | -$204K | -11,811 | Closed |
|
|
DA
60
Doliver Advisors
Houston,
Texas
| – | -$187K | -10,872 | Closed |
|
61
Envestnet Asset Management
Chicago,
Illinois
| – | -$156K | -8,973 | Closed |
|
|
AW
62
ACG Wealth
Atlanta,
Georgia
| – | -$249K | -2,108 | Closed |
|
63
Creative Planning
Overland Park,
Kansas
| – | -$4K | -239 | Closed |
|
FSD Hedge Fund Activity: Q3 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 Q3 2017, worth a combined $159M — down 33% from $235M a quarter earlier.
Fund positioning in FSD was balanced in Q3 2017: 10 funds opened new positions, 10 closed out, 17 added to existing stakes and 20 trimmed.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $14M. The largest seller was Saba Capital Management, cutting an estimated $75.4M.
- 54 institutional investors held FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) as of Q3 2017, unchanged from Q2 2017.
- Funds reported $159M of FIRST TRUST HIGH INCOME LONG/SHORT FUND stock for Q3 2017, down 33% quarter-over-quarter.
- 10 funds opened new FIRST TRUST HIGH INCOME LONG/SHORT FUND positions in Q3 2017 and 10 closed out, a net change of 0 holders.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND buyer in Q3 2017 was Laurion Capital Management, an estimated $14M added.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND seller in Q3 2017 was Saba Capital Management, an estimated $75.4M sold.
Based on aggregated 13F filings for Q3 2017.