FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
FSD was delisted on the 19th of July, 2024.
66 hedge funds and large institutions have $182M invested in FIRST TRUST HIGH INCOME LONG/SHORT FUND in 2019 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 29 reducing their positions, and 8 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
15% more capital invested
Capital invested by funds: $158M → $182M (+$23.7M)
3% less funds holding
Funds holding: 68 → 66 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
28% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 29
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$13.1M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.74M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$2.35M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$576K |
| 5 |
SKK
Shepherd Kaplan Krochuk
Boston,
Massachusetts
|
+$517K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$4.79M |
| 2 |
Morgan Stanley
New York
|
-$1.52M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.31M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.22M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.13M |
FSD Hedge Fund Activity: Q1 2019 in Review
66 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) for Q1 2019, worth a combined $182M — up 15% from $158M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FSD and 6 opened new positions — a net loss of 2 holders — while 29 trimmed existing stakes and 21 added.
The largest buyer was Saba Capital Management, adding an estimated $13.1M. The largest seller was Invesco, cutting an estimated $4.79M.
- 66 institutional investors held FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) as of Q1 2019, down from 68 in Q4 2018.
- Funds reported $182M of FIRST TRUST HIGH INCOME LONG/SHORT FUND stock for Q1 2019, up 15% quarter-over-quarter.
- 6 funds opened new FIRST TRUST HIGH INCOME LONG/SHORT FUND positions in Q1 2019 and 8 closed out, a net change of -2 holders.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND buyer in Q1 2019 was Saba Capital Management, an estimated $13.1M added.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND seller in Q1 2019 was Invesco, an estimated $4.79M sold.
Based on aggregated 13F filings for Q1 2019.