First Trust High Yield Opportunities 2027 Term Fund
FTHY
37 hedge funds and large institutions have $162M invested in First Trust High Yield Opportunities 2027 Term Fund in 2021 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 10 reducing their positions, and 6 closing their positions.
80% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 10
9% more capital invested
Capital invested by funds: $148M → $162M (+$14M)
1.52% more ownership
Funds ownership: 22.26% → 23.78% (+1.5%)
5% less funds holding
Funds holding: 39 → 37 (-2)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$12.7M |
| 2 |
Morgan Stanley
New York
|
+$3.94M |
| 3 |
PAG
Private Advisory Group
Redmond,
Washington
|
+$1.21M |
| 4 |
IFG
Independent Financial Group
San Diego,
California
|
+$918K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$842K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.38M |
| 2 |
AIC
Ameritas Investment Company
Lincoln,
Nebraska
|
-$3.25M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$665K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$369K |
| 5 |
MC
Matisse Capital
Portland,
Oregon
|
-$231K |
FTHY Hedge Fund Activity: Q3 2021 in Review
37 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in First Trust High Yield Opportunities 2027 Term Fund (FTHY) for Q3 2021, worth a combined $162M — up 9.4% from $148M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FTHY and 5 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 18 added.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $12.7M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $6.38M sold.
- 37 institutional investors held First Trust High Yield Opportunities 2027 Term Fund (FTHY) as of Q3 2021, down from 39 in Q2 2021.
- Funds reported $162M of First Trust High Yield Opportunities 2027 Term Fund stock for Q3 2021, up 9.4% quarter-over-quarter.
- 5 funds opened new First Trust High Yield Opportunities 2027 Term Fund positions in Q3 2021 and 6 closed out, a net change of -1 holder.
- The largest First Trust High Yield Opportunities 2027 Term Fund buyer in Q3 2021 was Penserra Capital Management, an estimated $12.7M added.
- The largest First Trust High Yield Opportunities 2027 Term Fund seller in Q3 2021 was Rivernorth Capital Management, an estimated $6.38M sold.
Based on aggregated 13F filings for Q3 2021.