FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
FSD was delisted on the 19th of July, 2024.
65 hedge funds and large institutions have $139M invested in FIRST TRUST HIGH INCOME LONG/SHORT FUND in 2023 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 27 reducing their positions, and 16 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less capital invested
Capital invested by funds: $149M → $139M (-$9.69M)
12% less funds holding
Funds holding: 74 → 65 (-9)
33% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 27
50% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AP
Americana Partners
Houston,
Texas
|
+$1.02M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$674K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$302K |
| 4 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
+$196K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$190K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.02M |
| 2 |
SCM
Saba Capital Management
New York
|
-$1.79M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.31M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.04M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$608K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TPCW
76
TD Private Client Wealth
New York
| – | -$22.9K | -2,000 | Closed |
|
|
IA
77
IFP Advisors
Tampa,
Florida
| – | -$19K | -1,322 | Closed |
|
|
MCC
78
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$7.89K | -689 | Closed |
|
79
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$1K | -95 | Closed |
|
|
SCA
80
Stonebridge Capital Advisors
St Paul,
Minnesota
| – | -$916 | -80 | Closed |
|
FSD Hedge Fund Activity: Q1 2023 in Review
65 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) for Q1 2023, worth a combined $139M — down 6.5% from $149M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of FSD and 8 opened new positions — a net loss of 8 holders — while 27 trimmed existing stakes and 18 added.
The largest buyer was Americana Partners, opening a new position worth an estimated $1.02M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $2.02M sold.
- 65 institutional investors held FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) as of Q1 2023, down from 74 in Q4 2022.
- Funds reported $139M of FIRST TRUST HIGH INCOME LONG/SHORT FUND stock for Q1 2023, down 6.5% quarter-over-quarter.
- 8 funds opened new FIRST TRUST HIGH INCOME LONG/SHORT FUND positions in Q1 2023 and 16 closed out, a net change of -8 holders.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND buyer in Q1 2023 was Americana Partners, an estimated $1.02M added.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND seller in Q1 2023 was Rivernorth Capital Management, an estimated $2.02M sold.
Based on aggregated 13F filings for Q1 2023.