FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
FSD was delisted on the 19th of July, 2024.
76 hedge funds and large institutions have $230M invested in FIRST TRUST HIGH INCOME LONG/SHORT FUND in 2023 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 29 increasing their positions, 18 reducing their positions, and 8 closing their positions.
113% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 8
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
72% more capital invested
Capital invested by funds: $134M → $230M (+$96.1M)
61% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 18
12% more funds holding
Funds holding: 68 → 76 (+8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$61.8M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$4.8M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.98M |
| 4 |
GA
GraniteShares Advisors
New York
|
+$1.37M |
| 5 |
Jane Street
New York
|
+$793K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
-$4.63M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.33M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$377K |
| 4 |
Walleye Capital
New York
|
-$293K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$182K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GRP
76
Global Retirement Partners
San Rafael,
California
| $636 | +$22 | +2 | +4% |
|
|
77
Walleye Capital
New York
| – | -$293K | -27,295 | Closed |
|
|
FSI
78
Flow State Investments
Chicago,
Illinois
| – | -$161K | -14,975 | Closed |
|
|
IA
79
Insight Advisors
Newtown,
Pennsylvania
| – | -$114K | -10,600 | Closed |
|
|
LFA
80
LGT Financial Advisors
Dallas,
Texas
| – | -$53.6K | -5,000 | Closed |
|
|
EC
81
Elequin Capital
New York
| – | -$31.4K | -2,927 | Closed |
|
|
CSPIA
82
Cary Street Partners Investment Advisory
Richmond,
Virginia
| – | -$17K | -1,586 | Closed |
|
|
TRCT
83
Tower Research Capital (TRC)
New York
| – | -$2.79K | -260 | Closed |
|
84
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$1.73K | -161 | Closed |
|
FSD Hedge Fund Activity: Q4 2023 in Review
76 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) for Q4 2023, worth a combined $230M — up 72% from $134M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new FSD positions and 8 closed out — a net gain of 9 holders — while 29 added to existing stakes and 18 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $61.8M. The largest seller was Bramshill Investments, cutting an estimated $4.63M.
- 76 institutional investors held FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) as of Q4 2023, up from 68 in Q3 2023.
- Funds reported $230M of FIRST TRUST HIGH INCOME LONG/SHORT FUND stock for Q4 2023, up 72% quarter-over-quarter.
- 17 funds opened new FIRST TRUST HIGH INCOME LONG/SHORT FUND positions in Q4 2023 and 8 closed out, a net change of +9 holders.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND buyer in Q4 2023 was Morgan Stanley, an estimated $61.8M added.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND seller in Q4 2023 was Bramshill Investments, an estimated $4.63M sold.
Based on aggregated 13F filings for Q4 2023.