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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Advent Capital Management
New York
|
+$2.14M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.68M |
| 3 |
BIM
Bullseye Investment Management
Cincinnati,
Ohio
|
+$1.56M |
| 4 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
+$1.47M |
| 5 |
Morgan Stanley
New York
|
+$1.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
-$2.84M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$1.56M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.44M |
| 4 |
WEG
World Equity Group
Schaumburg,
Illinois
|
-$1.21M |
| 5 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
-$1.13M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
HighTower Advisors
Chicago,
Illinois
| – | -$582K | -43,149 | Closed |
|
|
MC
77
Meteora Capital
Boca Raton,
Florida
| – | -$528K | -39,142 | Closed |
|
|
PCIA
78
Prime Capital Investment Advisors
Overland Park,
Kansas
| – | -$342K | -25,338 | Closed |
|
|
LCM
79
Landscape Capital Management
Englewood,
New Jersey
| – | -$334K | -24,758 | Closed |
|
|
MPW
80
MGO Private Wealth
Irvine,
California
| – | -$234K | -17,362 | Closed |
|
|
IP
81
Ignite Planners
San Clemente,
California
| – | -$208K | -14,300 | Closed |
|
82
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$190K | -14,115 | Closed |
|
|
TCM
83
True Capital Management
San Francisco,
California
| – | -$174K | -12,876 | Closed |
|
|
BFM
84
Boothbay Fund Management
New York
| – | -$158K | -11,741 | Closed |
|
|
NA
85
NewEdge Advisors
New Orleans,
Louisiana
| – | -$84.3K | -6,250 | Closed |
|
|
USCWA
86
U.S. Capital Wealth Advisors
Austin,
Texas
| – | -$33.7K | -2,500 | Closed |
|
87
Bessemer Group
Woodbridge,
New Jersey
| – | -$12K | -868 | Closed |
|
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.