FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
FSD was delisted on the 19th of July, 2024.
76 hedge funds and large institutions have $210M invested in FIRST TRUST HIGH INCOME LONG/SHORT FUND in 2019 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 19 increasing their positions, 24 reducing their positions, and 9 closing their positions.
100% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 9
21% more capital invested
Capital invested by funds: $173M → $210M (+$36.6M)
13% more funds holding
Funds holding: 67 → 76 (+9)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
21% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$12.3M |
| 2 |
LFAS
Level Four Advisory Services
Dallas,
Texas
|
+$10.1M |
| 3 |
Morgan Stanley
New York
|
+$3.7M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.33M |
| 5 |
PCM
Penserra Capital Management
Orinda,
California
|
+$2.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$19.4M |
| 2 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$5.79M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.03M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$1.15M |
| 5 |
6M
6 Meridian
Wichita,
Kansas
|
-$771K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
Geode Capital Management
Boston,
Massachusetts
| – | -$1.15M | -75,668 | Closed |
|
|
6M
77
6 Meridian
Wichita,
Kansas
| – | -$771K | -50,855 | Closed |
|
|
CCP
78
Clough Capital Partners
Boston,
Massachusetts
| – | -$605K | -39,900 | Closed |
|
79
Walleye Trading
New York
| – | -$273K | -18,000 | Closed |
|
|
SPC
80
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$173K | -11,411 | Closed |
|
|
PAM
81
Panagora Asset Management
Boston,
Massachusetts
| – | -$13K | -869 | Closed |
|
82
Bessemer Group
Woodbridge,
New Jersey
| – | -$6K | -397 | Closed |
|
|
FANJ
83
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$6K | -389 | Closed |
|
84
Fidelity Investments
Boston,
Massachusetts
| – | +$15 | +1 | New |
|
|
CWA
85
Capital Wealth Alliance
Scottsdale,
Arizona
| – | +$138 | +9 | New |
|
FSD Hedge Fund Activity: Q4 2019 in Review
76 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) for Q4 2019, worth a combined $210M — up 21% from $173M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new FSD positions and 9 closed out — a net gain of 9 holders — while 19 added to existing stakes and 24 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $12.3M. The largest seller was Saba Capital Management, cutting an estimated $19.4M.
- 76 institutional investors held FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) as of Q4 2019, up from 67 in Q3 2019.
- Funds reported $210M of FIRST TRUST HIGH INCOME LONG/SHORT FUND stock for Q4 2019, up 21% quarter-over-quarter.
- 18 funds opened new FIRST TRUST HIGH INCOME LONG/SHORT FUND positions in Q4 2019 and 9 closed out, a net change of +9 holders.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND buyer in Q4 2019 was Sit Investment Associates, an estimated $12.3M added.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND seller in Q4 2019 was Saba Capital Management, an estimated $19.4M sold.
Based on aggregated 13F filings for Q4 2019.