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FSD

FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD

Delisted

FSD was delisted on the 19th of July, 2024.

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75 hedge funds and large institutions have $150M invested in FIRST TRUST HIGH INCOME LONG/SHORT FUND in 2020 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 21 increasing their positions, 22 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

17% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 12

5% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 22

1% less funds holding

Funds holding: 76 → 75 (-1)

28% less capital invested

Capital invested by funds: $210M → $150M (-$59.5M)

Holders
75
Holders Change
-1
Holders Change %
-1.32%
% of All Funds
1.65%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
14
Increased
21
Reduced
22
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$13.7M
2
BI
Bramshill Investments
Florida
+$5.03M
3
PPA
Parametric Portfolio Associates
Washington
+$2.84M
4
SIA
Sit Investment Associates
Minnesota
+$937K
5
Goldman Sachs
Goldman Sachs
New York
+$847K

Top Sellers

Rank Fund Capital Flow
1
LFAS
Level Four Advisory Services
Texas
-$19.8M
2
UBS Group
UBS Group
Switzerland
-$10.9M
3
BlackRock
BlackRock
New York
-$3.21M
4
Morgan Stanley
Morgan Stanley
New York
-$2.75M
5
Bank of America
Bank of America
North Carolina
-$2.25M
Name Holding Trade Value Shares
Change 		Change in
Stake
LA
51
LexAurum Advisors
Kansas
$134K +$161K +11,050 New
Northwestern Mutual Wealth Management
52
Northwestern Mutual Wealth Management
Wisconsin
$110K – – –
Citigroup
53
Citigroup
New York
$91K -$25.8K -1,769 -19%
EP
54
Eudaimonia Partners
Tennessee
$87K +$2.33K +160 +2%
WAM
55
Wolverine Asset Management
Illinois
$81K +$98K +6,727 New
NFG
56
Next Financial Group
Texas
$52K -$3.99K -274 -6%
GWM
57
Geneos Wealth Management
Colorado
$48K – – –
CFGS
58
Concourse Financial Group Securities
Alabama
$44K +$53.2K +3,650 New
MF
59
Manchester Financial
California
$42K – – –
PNC Financial Services Group
60
PNC Financial Services Group
Pennsylvania
$34K +$36.1K +2,476 +746%
ASN
61
Advisory Services Network
Georgia
$21K -$3.09K -212 -11%
EWM
62
EPG Wealth Management
Georgia
$19K – – –
BFEC
63
Benjamin F. Edwards & Company
Missouri
$18K – – –
VNA
64
Valley National Advisers
Pennsylvania
$16K – – –
Carson Wealth (CWM LLC)
65
Carson Wealth (CWM LLC)
Nebraska
$15K – – –
AF
66
Advisornet Financial
Minnesota
$11K – – –
PAM
67
Panagora Asset Management
Massachusetts
$8K +$10.1K +691 New
APA
68
American Portfolios Advisors
New York
$7.3K – – –
SF
69
Synovus Financial
Georgia
$4K – – –
TRCT
70
Tower Research Capital (TRC)
New York
$2K -$10.7K -737 -81%
SCA
71
Stonebridge Capital Advisors
Minnesota
$1K – – –
SFS
72
Sowell Financial Services
Arkansas
$1K +$160 +11 +20%
WLPWM
73
Walled Lake Planning & Wealth Management
Illinois
$1K +$729 +50 New
CFD
74
Creative Financial Designs
Indiana
$1K +$1.31K +90 New
LFAS
75
Level Four Advisory Services
Texas
– -$19.8M -657,971 Closed
1 2
3
4

FSD Hedge Fund Activity: Q1 2020 in Review

75 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) for Q1 2020, worth a combined $150M — down 28% from $210M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new FSD positions and 12 closed out — a net gain of 2 holders — while 21 added to existing stakes and 22 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $13.7M. The largest seller was Level Four Advisory Services, exiting entirely with an estimated $19.8M sold.

  • 75 institutional investors held FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) as of Q1 2020, down from 76 in Q4 2019.
  • Funds reported $150M of FIRST TRUST HIGH INCOME LONG/SHORT FUND stock for Q1 2020, down 28% quarter-over-quarter.
  • 14 funds opened new FIRST TRUST HIGH INCOME LONG/SHORT FUND positions in Q1 2020 and 12 closed out, a net change of +2 holders.
  • The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND buyer in Q1 2020 was Saba Capital Management, an estimated $13.7M added.
  • The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND seller in Q1 2020 was Level Four Advisory Services, an estimated $19.8M sold.

Based on aggregated 13F filings for Q1 2020.