FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
FSD was delisted on the 19th of July, 2024.
68 hedge funds and large institutions have $160M invested in FIRST TRUST HIGH INCOME LONG/SHORT FUND in 2022 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 29 increasing their positions, 17 reducing their positions, and 4 closing their positions.
200% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 4
71% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 17
10% more funds holding
Funds holding: 62 → 68 (+6)
17% less capital invested
Capital invested by funds: $193M → $160M (-$33.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.73M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.98M |
| 3 |
SCM
Saba Capital Management
New York
|
+$1.58M |
| 4 |
Cohen & Steers
New York
|
+$1.33M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$937K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$9.63M |
| 2 |
PCM
Penserra Capital Management
Orinda,
California
|
-$7.32M |
| 3 |
BI
Bramshill Investments
Naples,
Florida
|
-$5.43M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$477K |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$386K |
FSD Hedge Fund Activity: Q1 2022 in Review
68 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) for Q1 2022, worth a combined $160M — down 17% from $193M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new FSD positions and 4 closed out — a net gain of 8 holders — while 29 added to existing stakes and 17 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $5.73M. The largest seller was Sit Investment Associates, cutting an estimated $9.63M.
- 68 institutional investors held FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) as of Q1 2022, up from 62 in Q4 2021.
- Funds reported $160M of FIRST TRUST HIGH INCOME LONG/SHORT FUND stock for Q1 2022, down 17% quarter-over-quarter.
- 12 funds opened new FIRST TRUST HIGH INCOME LONG/SHORT FUND positions in Q1 2022 and 4 closed out, a net change of +8 holders.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND buyer in Q1 2022 was Rivernorth Capital Management, an estimated $5.73M added.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND seller in Q1 2022 was Sit Investment Associates, an estimated $9.63M sold.
Based on aggregated 13F filings for Q1 2022.