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FSD

FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD

Delisted

FSD was delisted on the 19th of July, 2024.

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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
67
Holders Change
-6
Holders Change %
-8.22%
% of All Funds
1.17%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
28
Reduced
20
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$5.56M
2
BI
Bramshill Investments
Florida
+$4.91M
3
PPA
Parametric Portfolio Associates
Washington
+$2.9M
4
SIA
Sit Investment Associates
Minnesota
+$970K
5
SFS
Shaker Financial Services
Virginia
+$618K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$20.5M
2
RCM
Rivernorth Capital Management
Florida
-$2.33M
3
6M
6 Meridian
Kansas
-$1.05M
4
AAM
Advisors Asset Management
Colorado
-$886K
5
CP
Camelot Portfolios
Ohio
-$750K
Name Holding Trade Value Shares
Change 		Change in
Stake
RWM
76
RBA Wealth Management
California
– -$2.87K -189 Closed
JEST
77
JTC Employer Solutions Trustee
Jersey
– +$138 +9 New
1 2 3
4

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.