FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
FSD was delisted on the 19th of July, 2024.
64 hedge funds and large institutions have $143M invested in FIRST TRUST HIGH INCOME LONG/SHORT FUND in 2022 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 24 increasing their positions, 20 reducing their positions, and 8 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 20
6% less funds holding
Funds holding: 68 → 64 (-4)
11% less capital invested
Capital invested by funds: $160M → $143M (-$17M)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$22.2M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$4.42M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.4M |
| 4 |
SCM
Saba Capital Management
New York
|
+$970K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$729K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.79M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.58M |
| 3 |
SFS
Sowell Financial Services
North Little Rock,
Arkansas
|
-$868K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$325K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$232K |
FSD Hedge Fund Activity: Q2 2022 in Review
64 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) for Q2 2022, worth a combined $143M — down 11% from $160M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FSD and 5 opened new positions — a net loss of 3 holders — while 20 trimmed existing stakes and 24 added.
The largest buyer was Morgan Stanley, adding an estimated $22.2M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.79M.
- 64 institutional investors held FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) as of Q2 2022, down from 68 in Q1 2022.
- Funds reported $143M of FIRST TRUST HIGH INCOME LONG/SHORT FUND stock for Q2 2022, down 11% quarter-over-quarter.
- 5 funds opened new FIRST TRUST HIGH INCOME LONG/SHORT FUND positions in Q2 2022 and 8 closed out, a net change of -3 holders.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND buyer in Q2 2022 was Morgan Stanley, an estimated $22.2M added.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND seller in Q2 2022 was Rivernorth Capital Management, an estimated $2.79M sold.
Based on aggregated 13F filings for Q2 2022.