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FSD

FIRST TRUST HIGH INCOME LONG/SHORT FUND

Delisted

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

75 hedge funds and large institutions have $150M invested in FIRST TRUST HIGH INCOME LONG/SHORT FUND in 2020 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 21 increasing their positions, 22 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

17% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 12

5% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 22

1% less funds holding

Funds holding: 7675 (-1)

28% less capital invested

Capital invested by funds: $210M → $150M (-$59.5M)

Holders
75
Holders Change
-1
Holders Change %
-1.32%
% of All Funds
1.65%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
14
Increased
21
Reduced
22
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$34.4M -$2.75M -188,509 -6%
SCM
2
Saba Capital Management
New York
$32.4M +$13.7M +939,660 +54%
SIA
3
Sit Investment Associates
Minnesota
$16.1M +$937K +64,309 +5%
RCM
4
Rivernorth Capital Management
Florida
$8.36M -$1.51M -103,483 -13%
PPA
5
Parametric Portfolio Associates
Washington
$8.34M +$2.84M +195,190 +40%
BI
6
Bramshill Investments
Florida
$7.18M +$5.03M +344,850 +141%
Invesco
7
Invesco
Georgia
$6.01M +$404K +27,696 +6%
CP
8
Camelot Portfolios
Ohio
$4.73M -$940K -64,525 -14%
Osaic Holdings
9
Osaic Holdings
Arizona
$4.28M +$5.12M +351,363 New
Wells Fargo
10
Wells Fargo
California
$4.23M -$258K -17,718 -5%
Ameriprise
11
Ameriprise
Minnesota
$2.94M +$335K +22,997 +11%
UBS Group
12
UBS Group
Switzerland
$2.34M -$10.9M -747,137 -80%
PCM
13
Penserra Capital Management
California
$2.26M -$45K -3,091 -2%
RJA
14
Raymond James & Associates
Florida
$1.87M -$217K -14,887 -9%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$1.15M -$200K -13,745 -13%
AAM
16
Advisors Asset Management
Colorado
$1.05M +$362K +24,829 +41%
Bank of America
17
Bank of America
North Carolina
$922K -$2.25M -154,183 -67%
RJFSA
18
Raymond James Financial Services Advisors
Florida
$891K +$140K +9,610 +15%
TJHA
19
Thomas J. Herzfeld Advisors
Florida
$780K +$199K +13,686 +27%
Goldman Sachs
20
Goldman Sachs
New York
$707K +$847K +58,129 New
MAFM
21
Mid Atlantic Financial Management
Pennsylvania
$631K -$3.82K -262 -0.5%
Janney Montgomery Scott
22
Janney Montgomery Scott
Pennsylvania
$577K -$38.7K -2,655 -5%
OC
23
Oppenheimer & Co
New York
$533K +$22.2K +1,524 +4%
6M
24
6 Meridian
Kansas
$468K +$560K +38,440 New
BRWA
25
B. Riley Wealth Advisors
Florida
$439K +$874 +60 +0.2%

FSD Hedge Fund Activity: Q1 2020 in Review

75 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) for Q1 2020, worth a combined $150M — down 28% from $210M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new FSD positions and 12 closed out — a net gain of 2 holders — while 21 added to existing stakes and 22 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $13.7M. The largest seller was Level Four Advisory Services, exiting entirely with an estimated $19.8M sold.

  • 75 institutional investors held FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) as of Q1 2020, down from 76 in Q4 2019.
  • Funds reported $150M of FIRST TRUST HIGH INCOME LONG/SHORT FUND stock for Q1 2020, down 28% quarter-over-quarter.
  • 14 funds opened new FIRST TRUST HIGH INCOME LONG/SHORT FUND positions in Q1 2020 and 12 closed out, a net change of +2 holders.
  • The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND buyer in Q1 2020 was Saba Capital Management, an estimated $13.7M added.
  • The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND seller in Q1 2020 was Level Four Advisory Services, an estimated $19.8M sold.

Based on aggregated 13F filings for Q1 2020.