FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
FSD was delisted on the 19th of July, 2024.
69 hedge funds and large institutions have $179M invested in FIRST TRUST HIGH INCOME LONG/SHORT FUND in 2019 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 26 increasing their positions, 17 reducing their positions, and 7 closing their positions.
86% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 7
53% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 17
5% more funds holding
Funds holding: 66 → 69 (+3)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less capital invested
Capital invested by funds: $182M → $179M (-$3.42M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$6.46M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.6M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$976K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$955K |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$446K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Almitas Capital
Santa Monica,
California
|
-$3.71M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.46M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.24M |
| 4 |
Morgan Stanley
New York
|
-$842K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$587K |
FSD Hedge Fund Activity: Q2 2019 in Review
69 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) for Q2 2019, worth a combined $179M — down 1.9% from $182M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FSD positions and 7 closed out — a net gain of 6 holders — while 26 added to existing stakes and 17 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $6.46M. The largest seller was Almitas Capital, exiting entirely with an estimated $3.71M sold.
- 69 institutional investors held FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) as of Q2 2019, up from 66 in Q1 2019.
- Funds reported $179M of FIRST TRUST HIGH INCOME LONG/SHORT FUND stock for Q2 2019, down 1.9% quarter-over-quarter.
- 13 funds opened new FIRST TRUST HIGH INCOME LONG/SHORT FUND positions in Q2 2019 and 7 closed out, a net change of +6 holders.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND buyer in Q2 2019 was Saba Capital Management, an estimated $6.46M added.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND seller in Q2 2019 was Almitas Capital, an estimated $3.71M sold.
Based on aggregated 13F filings for Q2 2019.