First Trust High Yield Opportunities 2027 Term Fund
FTHY
38 hedge funds and large institutions have $132M invested in First Trust High Yield Opportunities 2027 Term Fund in 2021 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 7 reducing their positions, and 9 closing their positions.
171% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 7
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
20% more capital invested
Capital invested by funds: $110M → $132M (+$22.4M)
6% more funds holding
Funds holding: 36 → 38 (+2)
3.75% more ownership
Funds ownership: 16.26% → 20.01% (+3.7%)
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
|
+$13.6M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.6M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.77M |
| 4 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$1.63M |
| 5 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
+$1.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRWM
Castle Rock Wealth Management
Walnut Creek,
California
|
-$2.97M |
| 2 |
WCFA
Walkner Condon Financial Advisors
Madison,
Wisconsin
|
-$1.8M |
| 3 |
Millennium Management
New York
|
-$694K |
| 4 |
MCC
Money Concepts Capital
Palm Beach Gardens,
Florida
|
-$454K |
| 5 |
AIC
Ameritas Investment Company
Lincoln,
Nebraska
|
-$412K |
FTHY Hedge Fund Activity: Q1 2021 in Review
38 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in First Trust High Yield Opportunities 2027 Term Fund (FTHY) for Q1 2021, worth a combined $132M — up 20% from $110M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FTHY positions and 9 closed out — a net gain of 2 holders — while 19 added to existing stakes and 7 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $13.6M. The largest seller was Castle Rock Wealth Management, exiting entirely with an estimated $2.97M sold.
- 38 institutional investors held First Trust High Yield Opportunities 2027 Term Fund (FTHY) as of Q1 2021, up from 36 in Q4 2020.
- Funds reported $132M of First Trust High Yield Opportunities 2027 Term Fund stock for Q1 2021, up 20% quarter-over-quarter.
- 11 funds opened new First Trust High Yield Opportunities 2027 Term Fund positions in Q1 2021 and 9 closed out, a net change of +2 holders.
- The largest First Trust High Yield Opportunities 2027 Term Fund buyer in Q1 2021 was Morgan Stanley, an estimated $13.6M added.
- The largest First Trust High Yield Opportunities 2027 Term Fund seller in Q1 2021 was Castle Rock Wealth Management, an estimated $2.97M sold.
Based on aggregated 13F filings for Q1 2021.