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FTHY

First Trust High Yield Opportunities 2027 Term Fund

75 hedge funds and large institutions have $190M invested in First Trust High Yield Opportunities 2027 Term Fund in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 28 increasing their positions, 26 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

6% more capital invested

Capital invested by funds: $179M → $190M (+$10.3M)

3% more funds holding

Funds holding: 7375 (+2)

1.13% more ownership

Funds ownership: 36.5%37.63% (+1.1%)

8% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 26

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

Holders
75
Holders Change
+2
Holders Change %
+2.74%
% of All Funds
1.18%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
8
Increased
28
Reduced
26
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$45.6M -$1.54M -111,437 -3%
RCM
2
Rivernorth Capital Management
Florida
$19.4M
KIG
3
Kennedy Investment Group
New Jersey
$14.1M +$1.43M +104,123 +11%
PAIM
4
Punch & Associates Investment Management
Minnesota
$12M -$735K -53,344 -6%
COLIM
5
City of London Investment Management
United Kingdom
$9.41M +$358K +25,949 +4%
Commonwealth Equity Services
6
Commonwealth Equity Services
Massachusetts
$8.85M +$152K +11,035 +2%
PCM
7
Penserra Capital Management
California
$7.21M +$455K +33,059 +7%
AWA
8
Arete Wealth Advisors
Illinois
$7.18M +$111K +8,076 +2%
SIA
9
Sit Investment Associates
Minnesota
$5.18M +$1.64M +119,093 +46%
DADC
10
D.A. Davidson & Co
Montana
$5.03M +$1.39M +100,986 +38%
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$4.62M +$247K +17,947 +6%
IWC
12
Integrated Wealth Concepts
Massachusetts
$3.43M +$2.22M +160,804 +181%
SCM
13
Saba Capital Management
New York
$3.03M -$474K -34,394 -13%
BIM
14
Bullseye Investment Management
Ohio
$2.96M +$273K +19,822 +10%
1CP
15
1607 Capital Partners
Virginia
$2.72M
KAS
16
Kestra Advisory Services
Texas
$2.69M +$28.9K +2,094 +1%
RVPG
17
Relative Value Partners Group
$2.53M -$312K -22,658 -11%
PAG
18
Private Advisory Group
Washington
$2.36M -$16.1K -1,169 -0.7%
LSC
19
Logan Stone Capital
Illinois
$2.2M -$787K -57,093 -26%
IFG
20
Independent Financial Group
California
$2.06M +$27.9K +2,025 +1%
ACM
21
Advent Capital Management
New York
$2.06M -$19K -1,380 -0.9%
WEG
22
World Equity Group
Illinois
$1.95M +$1.16M +84,459 +147%
TA
23
TFB Advisors
Kansas
$1.91M +$165K +11,940 +9%
Osaic Holdings
24
Osaic Holdings
Arizona
$1.72M -$186K -13,535 -10%
Cambridge Investment Research Advisors
25
Cambridge Investment Research Advisors
Iowa
$1.61M -$119K -8,637 -7%

FTHY Hedge Fund Activity: Q2 2023 in Review

75 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust High Yield Opportunities 2027 Term Fund (FTHY) for Q2 2023, worth a combined $190M — up 5.7% from $179M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new FTHY positions and 5 closed out — a net gain of 3 holders — while 28 added to existing stakes and 26 trimmed.

The largest buyer was Integrated Wealth Concepts, adding an estimated $2.22M. The largest seller was Morgan Stanley, cutting an estimated $1.54M.

  • 75 institutional investors held First Trust High Yield Opportunities 2027 Term Fund (FTHY) as of Q2 2023, up from 73 in Q1 2023.
  • Funds reported $190M of First Trust High Yield Opportunities 2027 Term Fund stock for Q2 2023, up 5.7% quarter-over-quarter.
  • 8 funds opened new First Trust High Yield Opportunities 2027 Term Fund positions in Q2 2023 and 5 closed out, a net change of +3 holders.
  • The largest First Trust High Yield Opportunities 2027 Term Fund buyer in Q2 2023 was Integrated Wealth Concepts, an estimated $2.22M added.
  • The largest First Trust High Yield Opportunities 2027 Term Fund seller in Q2 2023 was Morgan Stanley, an estimated $1.54M sold.

Based on aggregated 13F filings for Q2 2023.