FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
FSD was delisted on the 19th of July, 2024.
67 hedge funds and large institutions have $194M invested in FIRST TRUST HIGH INCOME LONG/SHORT FUND in 2021 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 28 increasing their positions, 20 reducing their positions, and 11 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 20
2% less capital invested
Capital invested by funds: $197M → $194M (-$3.21M)
8% less funds holding
Funds holding: 73 → 67 (-6)
55% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.56M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$4.91M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.9M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$970K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$618K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$20.5M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.33M |
| 3 |
6M
6 Meridian
Wichita,
Kansas
|
-$1.05M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$886K |
| 5 |
CP
Camelot Portfolios
Maumee,
Ohio
|
-$750K |
FSD Hedge Fund Activity: Q2 2021 in Review
67 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) for Q2 2021, worth a combined $194M — down 1.6% from $197M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of FSD and 5 opened new positions — a net loss of 6 holders — while 20 trimmed existing stakes and 28 added.
The largest buyer was Morgan Stanley, adding an estimated $5.56M. The largest seller was Saba Capital Management, exiting entirely with an estimated $20.5M sold.
- 67 institutional investors held FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) as of Q2 2021, down from 73 in Q1 2021.
- Funds reported $194M of FIRST TRUST HIGH INCOME LONG/SHORT FUND stock for Q2 2021, down 1.6% quarter-over-quarter.
- 5 funds opened new FIRST TRUST HIGH INCOME LONG/SHORT FUND positions in Q2 2021 and 11 closed out, a net change of -6 holders.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND buyer in Q2 2021 was Morgan Stanley, an estimated $5.56M added.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND seller in Q2 2021 was Saba Capital Management, an estimated $20.5M sold.
Based on aggregated 13F filings for Q2 2021.