FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
FSD was delisted on the 19th of July, 2024.
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$13.7M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$5.03M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.84M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$937K |
| 5 |
Goldman Sachs
New York
|
+$847K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LFAS
Level Four Advisory Services
Dallas,
Texas
|
-$19.8M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$10.9M |
| 3 |
BlackRock
New York
|
-$3.21M |
| 4 |
Morgan Stanley
New York
|
-$2.75M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$2.25M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
BlackRock
New York
| – | -$3.21M | -203,465 | Closed |
|
|
AI
77
Atria Investments
Charlotte,
North Carolina
| – | -$287K | -18,230 | Closed |
|
|
SKK
78
Shepherd Kaplan Krochuk
Boston,
Massachusetts
| – | -$219K | -13,880 | Closed |
|
|
FIA
79
FNY Investment Advisers
New York
| – | -$209K | -13,292 | Closed |
|
80
Walleye Capital
New York
| – | -$174K | -11,053 | Closed |
|
81
Jane Street
New York
| – | -$158K | -10,022 | Closed |
|
|
GRP
82
Global Retirement Partners
San Rafael,
California
| – | -$60.8K | -4,174 | -99% |
|
|
PFO
83
Pathstone Family Office
Englewood,
New Jersey
| – | -$236K | -1,500 | Closed |
|
|
CHA
84
Carmichael Hill & Associates
Gaithersburg,
Maryland
| – | -$4K | -268 | Closed |
|
|
TA
85
TFG Advisers
Auburn Hills,
Michigan
| – | -$1K | -80 | Closed |
|
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.