FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
FSD was delisted on the 19th of July, 2024.
59 hedge funds and large institutions have $174M invested in FIRST TRUST HIGH INCOME LONG/SHORT FUND in 2014 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 21 increasing their positions, 18 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
17% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 18
7% more funds holding
Funds holding: 55 → 59 (+4)
5% more capital invested
Capital invested by funds: $166M → $174M (+$8.9M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.42M |
| 2 |
CC
Carlson Capital
Dallas,
Texas
|
+$2.93M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.32M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$897K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$700K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.43M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$1.61M |
| 3 |
Morgan Stanley
New York
|
-$1.39M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.02M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$884K |
FSD Hedge Fund Activity: Q1 2014 in Review
59 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) for Q1 2014, worth a combined $174M — up 5.4% from $166M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FSD positions and 6 closed out — a net gain of 4 holders — while 21 added to existing stakes and 18 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $4.42M. The largest seller was Bank of America, cutting an estimated $2.43M.
- 59 institutional investors held FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) as of Q1 2014, up from 55 in Q4 2013.
- Funds reported $174M of FIRST TRUST HIGH INCOME LONG/SHORT FUND stock for Q1 2014, up 5.4% quarter-over-quarter.
- 10 funds opened new FIRST TRUST HIGH INCOME LONG/SHORT FUND positions in Q1 2014 and 6 closed out, a net change of +4 holders.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND buyer in Q1 2014 was Saba Capital Management, an estimated $4.42M added.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND seller in Q1 2014 was Bank of America, an estimated $2.43M sold.
Based on aggregated 13F filings for Q1 2014.