First Trust High Yield Opportunities 2027 Term Fund
FTHY
83 hedge funds and large institutions have $255M invested in First Trust High Yield Opportunities 2027 Term Fund in 2023 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 28 increasing their positions, 31 reducing their positions, and 12 closing their positions.
33% more capital invested
Capital invested by funds: $192M → $255M (+$63M)
25% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 12
10.57% more ownership
Funds ownership: 39.2% → 49.77% (+11%)
4% more funds holding
Funds holding: 80 → 83 (+3)
10% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 31
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$46M |
| 2 |
RVPG
Relative Value Partners Group
|
+$3.25M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$3.19M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.46M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$1.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$2.48M |
| 2 |
ACM
Advent Capital Management
New York
|
-$2M |
| 3 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
-$2M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$1.04M |
| 5 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
-$515K |
FTHY Hedge Fund Activity: Q4 2023 in Review
83 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust High Yield Opportunities 2027 Term Fund (FTHY) for Q4 2023, worth a combined $255M — up 33% from $192M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FTHY positions and 12 closed out — a net gain of 3 holders — while 28 added to existing stakes and 31 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $46M. The largest seller was Saba Capital Management, exiting entirely with an estimated $2.48M sold.
- 83 institutional investors held First Trust High Yield Opportunities 2027 Term Fund (FTHY) as of Q4 2023, up from 80 in Q3 2023.
- Funds reported $255M of First Trust High Yield Opportunities 2027 Term Fund stock for Q4 2023, up 33% quarter-over-quarter.
- 15 funds opened new First Trust High Yield Opportunities 2027 Term Fund positions in Q4 2023 and 12 closed out, a net change of +3 holders.
- The largest First Trust High Yield Opportunities 2027 Term Fund buyer in Q4 2023 was Morgan Stanley, an estimated $46M added.
- The largest First Trust High Yield Opportunities 2027 Term Fund seller in Q4 2023 was Saba Capital Management, an estimated $2.48M sold.
Based on aggregated 13F filings for Q4 2023.