First Trust Global Tactical Commodity Strategy Fund
FTGC
43 hedge funds and large institutions have $91.3M invested in First Trust Global Tactical Commodity Strategy Fund in 2017 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 19 reducing their positions, and 12 closing their positions.
3.15% more ownership
Funds ownership: 67.3% → 70.45% (+3.1%)
22% less funds holding
Funds holding: 55 → 43 (-12)
34% less capital invested
Capital invested by funds: $138M → $91.3M (-$46.7M)
37% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 19
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
83% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$5.77M |
| 2 |
CS
Comerica Securities
Detroit,
Michigan
|
+$4.47M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.51M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.5M |
| 5 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
+$1.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
Hays Advisory
Franklin,
Tennessee
|
-$26.7M |
| 2 |
Morgan Stanley
New York
|
-$7.65M |
| 3 |
LPT
Legacy Private Trust
Neenah,
Wisconsin
|
-$6.69M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$4.37M |
| 5 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
-$3.08M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EMA
51
Efficient Market Advisors
San Diego,
California
| – | -$294K | -14,416 | Closed |
|
52
Comerica Bank
Dallas,
Texas
| – | -$259K | -12,390 | Closed |
|
|
PFS
53
Prospera Financial Services
Dallas,
Texas
| – | -$200K | -9,728 | Closed |
|
|
NFG
54
Next Financial Group
Houston,
Texas
| – | -$12K | -600 | Closed |
|
|
PFGIA
55
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| – | -$1K | -34 | Closed |
|
FTGC Hedge Fund Activity: Q1 2017 in Review
43 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in First Trust Global Tactical Commodity Strategy Fund (FTGC) for Q1 2017, worth a combined $91.3M — down 34% from $138M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of FTGC and 2 opened new positions — a net loss of 10 holders — while 19 trimmed existing stakes and 12 added.
The largest buyer was Wells Fargo, adding an estimated $5.77M. The largest seller was Hays Advisory, exiting entirely with an estimated $26.7M sold.
- 43 institutional investors held First Trust Global Tactical Commodity Strategy Fund (FTGC) as of Q1 2017, down from 55 in Q4 2016.
- Funds reported $91.3M of First Trust Global Tactical Commodity Strategy Fund stock for Q1 2017, down 34% quarter-over-quarter.
- 2 funds opened new First Trust Global Tactical Commodity Strategy Fund positions in Q1 2017 and 12 closed out, a net change of -10 holders.
- The largest First Trust Global Tactical Commodity Strategy Fund buyer in Q1 2017 was Wells Fargo, an estimated $5.77M added.
- The largest First Trust Global Tactical Commodity Strategy Fund seller in Q1 2017 was Hays Advisory, an estimated $26.7M sold.
Based on aggregated 13F filings for Q1 2017.