FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
FSD was delisted on the 19th of July, 2024.
78 hedge funds and large institutions have $163M invested in FIRST TRUST HIGH INCOME LONG/SHORT FUND in 2024 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 25 increasing their positions, 28 reducing their positions, and 10 closing their positions.
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
3% more funds holding
Funds holding: 76 → 78 (+2)
11% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 28
29% less capital invested
Capital invested by funds: $230M → $163M (-$66.5M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$5.9M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$1.99M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.91M |
| 4 |
WT
Whittier Trust
South Pasadena,
California
|
+$1.57M |
| 5 |
LA
LM Advisors
San Diego,
California
|
+$859K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$67.3M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$5.28M |
| 3 |
BI
Bramshill Investments
Naples,
Florida
|
-$2.9M |
| 4 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$808K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$622K |
FSD Hedge Fund Activity: Q1 2024 in Review
78 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) for Q1 2024, worth a combined $163M — down 29% from $230M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FSD positions and 10 closed out — a net gain of 3 holders — while 25 added to existing stakes and 28 trimmed.
The largest buyer was Absolute Investment Advisers, opening a new position worth an estimated $5.9M. The largest seller was Morgan Stanley, cutting an estimated $67.3M.
- 78 institutional investors held FIRST TRUST HIGH INCOME LONG/SHORT FUND (FSD) as of Q1 2024, up from 76 in Q4 2023.
- Funds reported $163M of FIRST TRUST HIGH INCOME LONG/SHORT FUND stock for Q1 2024, down 29% quarter-over-quarter.
- 13 funds opened new FIRST TRUST HIGH INCOME LONG/SHORT FUND positions in Q1 2024 and 10 closed out, a net change of +3 holders.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND buyer in Q1 2024 was Absolute Investment Advisers, an estimated $5.9M added.
- The largest FIRST TRUST HIGH INCOME LONG/SHORT FUND seller in Q1 2024 was Morgan Stanley, an estimated $67.3M sold.
Based on aggregated 13F filings for Q1 2024.