FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
FSD was delisted on the 19th of July, 2024.
73 hedge funds and large institutions have $197M invested in FIRST TRUST HIGH INCOME LONG/SHORT FUND in 2021 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 31 increasing their positions, 16 reducing their positions, and 13 closing their positions.
94% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 16
7% more capital invested
Capital invested by funds: $184M → $197M (+$13.1M)
8% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 13
3% less funds holding
Funds holding: 75 → 73 (-2)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$14.2M |
| 2 |
Morgan Stanley
New York
|
+$1.14M |
| 3 |
SFS
Sowell Financial Services
North Little Rock,
Arkansas
|
+$1.02M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$945K |
| 5 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$779K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$5.03M |
| 2 |
PCM
Penserra Capital Management
Orinda,
California
|
-$3.09M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.24M |
| 4 |
VCM
Virtue Capital Management
Brentwood,
Tennessee
|
-$939K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$680K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
76
Wolverine Asset Management
Chicago,
Illinois
| – | -$525K | -35,604 | Closed |
|
|
QC
77
Quantedge Capital
Singapore
| – | -$261K | -17,700 | Closed |
|
|
RCM
78
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$200K | -13,705 | Closed |
|
|
TWM
79
Titus Wealth Management
Larskpur,
California
| – | -$157K | -10,600 | Closed |
|
|
PWPS
80
Pinnacle Wealth Planning Services
Mansfield,
Ohio
| – | -$77K | -5,181 | Closed |
|
|
ASN
81
Advisory Services Network
Atlanta,
Georgia
| – | -$26K | -1,727 | Closed |
|
82
US Bancorp
Minneapolis,
Minnesota
| – | -$6K | -432 | Closed |
|
83
Fidelity Investments
Boston,
Massachusetts
| – | +$15 | +1 | New |
|
|
JWA
84
JFS Wealth Advisors
Hermitage,
Pennsylvania
| – | +$60 | +4 | New |
|
FSD Hedge Fund Activity: Q1 2021 in Review
73 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) for Q1 2021, worth a combined $197M — up 7.1% from $184M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of FSD and 12 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 31 added.
The largest buyer was Parametric Portfolio Associates, adding an estimated $14.2M. The largest seller was Saba Capital Management, cutting an estimated $5.03M.
- 73 institutional investors held FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) as of Q1 2021, down from 75 in Q4 2020.
- Funds reported $197M of FIRST TRUST HIGH INCOME LONG/SHORT FUND stock for Q1 2021, up 7.1% quarter-over-quarter.
- 12 funds opened new FIRST TRUST HIGH INCOME LONG/SHORT FUND positions in Q1 2021 and 13 closed out, a net change of -1 holder.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND buyer in Q1 2021 was Parametric Portfolio Associates, an estimated $14.2M added.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND seller in Q1 2021 was Saba Capital Management, an estimated $5.03M sold.
Based on aggregated 13F filings for Q1 2021.