First Trust Global Tactical Commodity Strategy Fund
FTGC
29 hedge funds and large institutions have $124M invested in First Trust Global Tactical Commodity Strategy Fund in 2014 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 9 reducing their positions, and 8 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 9
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less capital invested
Capital invested by funds: $133M → $124M (-$8.69M)
15% less funds holding
Funds holding: 34 → 29 (-5)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Callan Capital
La Jolla,
California
|
+$15M |
| 2 |
Morgan Stanley
New York
|
+$4.67M |
| 3 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$2.39M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.3M |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$1.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EMA
Efficient Market Advisors
San Diego,
California
|
-$17M |
| 2 |
B
Baird
Milwaukee,
Wisconsin
|
-$1.93M |
| 3 |
JP Morgan Chase
New York
|
-$1.43M |
| 4 |
BEC
Blue Edge Capital
Richmond,
Virginia
|
-$1.27M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.21M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFG
26
Next Financial Group
Houston,
Texas
| $16K | – | – | – |
|
|
IC
27
Intersect Capital
San Ramon,
California
| $15K | +$19.9K | +700 | New |
|
|
DADC
28
D.A. Davidson & Co
Great Falls,
Montana
| $11K | -$657K | -23,057 | -98% |
|
|
RIA
29
Regal Investment Advisors
Kentwood,
Michigan
| $8K | – | – | – |
|
|
B
30
Baird
Milwaukee,
Wisconsin
| – | -$1.93M | -65,859 | Closed |
|
|
BEC
31
Blue Edge Capital
Richmond,
Virginia
| – | -$1.27M | -43,308 | Closed |
|
|
32
Envestnet Asset Management
Chicago,
Illinois
| – | -$1.21M | -41,287 | Closed |
|
|
FAAS
33
First Allied Advisory Services
San Diego,
California
| – | -$382K | -13,045 | Closed |
|
34
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$298K | -10,187 | Closed |
|
35
Barclays
London,
United Kingdom
| – | -$10K | -340 | Closed |
|
36
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$10K | -329 | Closed |
|
37
Citigroup
New York
| – | -$4K | -150 | Closed |
|
FTGC Hedge Fund Activity: Q4 2014 in Review
29 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in First Trust Global Tactical Commodity Strategy Fund (FTGC) for Q4 2014, worth a combined $124M — down 6.5% from $133M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FTGC and 5 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 13 added.
The largest buyer was Callan Capital, opening a new position worth an estimated $15M. The largest seller was Efficient Market Advisors, cutting an estimated $17M.
- 29 institutional investors held First Trust Global Tactical Commodity Strategy Fund (FTGC) as of Q4 2014, down from 34 in Q3 2014.
- Funds reported $124M of First Trust Global Tactical Commodity Strategy Fund stock for Q4 2014, down 6.5% quarter-over-quarter.
- 5 funds opened new First Trust Global Tactical Commodity Strategy Fund positions in Q4 2014 and 8 closed out, a net change of -3 holders.
- The largest First Trust Global Tactical Commodity Strategy Fund buyer in Q4 2014 was Callan Capital, an estimated $15M added.
- The largest First Trust Global Tactical Commodity Strategy Fund seller in Q4 2014 was Efficient Market Advisors, an estimated $17M sold.
Based on aggregated 13F filings for Q4 2014.