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FTHY

First Trust High Yield Opportunities 2027 Term Fund
FTHY

73 hedge funds and large institutions have $179M invested in First Trust High Yield Opportunities 2027 Term Fund in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 31 increasing their positions, 25 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 25

0.5% less ownership

Funds ownership: 37% → 36.5% (-0.5%)

10% less funds holding

Funds holding: 81 → 73 (-8)

36% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 14

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

97% less capital invested

Capital invested by funds: $5.72B → $179M (-$5.54B)

Holders
73
Holders Change
-8
Holders Change %
-9.88%
% of All Funds
1.16%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
9
Increased
31
Reduced
25
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
ACM
Advent Capital Management
New York
+$2.14M
2
SFS
Shaker Financial Services
Virginia
+$1.68M
3
BIM
Bullseye Investment Management
Ohio
+$1.56M
4
AWA
Arete Wealth Advisors
Illinois
+$1.47M
5
Morgan Stanley
Morgan Stanley
New York
+$1.44M

Top Sellers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
-$2.84M
2
LSC
Logan Stone Capital
Illinois
-$1.56M
3
WAM
Wolverine Asset Management
Illinois
-$1.44M
4
WEG
World Equity Group
Illinois
-$1.21M
5
AWM
Axxcess Wealth Management
California
-$1.13M
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
51
Envestnet Asset Management
Illinois
$242K -$485K -34,336 -66%
FAG
52
Fortitude Advisory Group
Washington
$234K – – –
IAIM
53
International Assets Investment Management
Florida
$228K -$411K -29,088 -64%
NC
54
NovaPoint Capital
Georgia
$220K -$2.19K -155 -1%
RJFSA
55
Raymond James Financial Services Advisors
Florida
$181K -$16.7K -1,184 -8%
WI
56
Wintrust Investments
Illinois
$165K +$168K +11,850 New
Millennium Management
57
Millennium Management
New York
$160K +$162K +11,437 New
AAS
58
Ameritas Advisory Services
Nebraska
$157K -$543K -38,402 -77%
CAP
59
Columbia Advisory Partners
Washington
$154K -$64.5K -4,560 -29%
Wells Fargo
60
Wells Fargo
California
$146K – – –
WAM
61
Wolverine Asset Management
Illinois
$144K -$1.44M -101,750 -91%
CFGS
62
Concourse Financial Group Securities
Alabama
$133K – – –
ASN
63
Advisory Services Network
Georgia
$86.5K -$198K -13,996 -69%
WP
64
WealthPLAN Partners
Nebraska
$59.4K +$60.1K +4,252 New
GWM
65
Geneos Wealth Management
Colorado
$38.8K – – –
EC
66
Elequin Capital
New York
$30.9K -$446K -31,527 -93%
Northwestern Mutual Wealth Management
67
Northwestern Mutual Wealth Management
Wisconsin
$29.3K +$14.5K +1,024 +95%
EWA
68
EverSource Wealth Advisors
Alabama
$23.1K +$212 +15 +0.9%
SS
69
Sunbelt Securities
Texas
$20.9K +$21.2K +1,500 New
IA
70
IFP Advisors
Florida
$15K -$10.6K -750 -50%
RA
71
Rise Advisors
New York
$14.9K +$396 +28 +3%
Commonwealth Equity Services
72
Commonwealth Equity Services
Massachusetts
$8.85K +$361K +25,560 +4%
FWM
73
Focused Wealth Management
New York
$4.19K – – –
HNB
74
Huntington National Bank
Ohio
$3.59K – – –
AWM
75
Axxcess Wealth Management
California
– -$1.13M -83,751 Closed
1 2
3
4

FTHY Hedge Fund Activity: Q1 2023 in Review

73 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Trust High Yield Opportunities 2027 Term Fund (FTHY) for Q1 2023, worth a combined $179M — down 97% from $5.72B a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of FTHY and 9 opened new positions — a net loss of 5 holders — while 25 trimmed existing stakes and 31 added.

The largest buyer was Advent Capital Management, opening a new position worth an estimated $2.14M. The largest seller was Penserra Capital Management, cutting an estimated $2.84M.

  • 73 institutional investors held First Trust High Yield Opportunities 2027 Term Fund (FTHY) as of Q1 2023, down from 81 in Q4 2022.
  • Funds reported $179M of First Trust High Yield Opportunities 2027 Term Fund stock for Q1 2023, down 97% quarter-over-quarter.
  • 9 funds opened new First Trust High Yield Opportunities 2027 Term Fund positions in Q1 2023 and 14 closed out, a net change of -5 holders.
  • The largest First Trust High Yield Opportunities 2027 Term Fund buyer in Q1 2023 was Advent Capital Management, an estimated $2.14M added.
  • The largest First Trust High Yield Opportunities 2027 Term Fund seller in Q1 2023 was Penserra Capital Management, an estimated $2.84M sold.

Based on aggregated 13F filings for Q1 2023.