First Trust High Yield Opportunities 2027 Term Fund
FTHY
83 hedge funds and large institutions have $207M invested in First Trust High Yield Opportunities 2027 Term Fund in 2023 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 27 increasing their positions, 32 reducing their positions, and 12 closing their positions.
25% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 12
8% more capital invested
Capital invested by funds: $192M → $207M (+$14.8M)
4% more funds holding
Funds holding: 80 → 83 (+3)
1.16% more ownership
Funds ownership: 39.2% → 40.36% (+1.2%)
16% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 32
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
+$3.25M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$3.19M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.46M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$1.43M |
| 5 |
KIG
Kennedy Investment Group
West Depford,
New Jersey
|
+$758K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$2.48M |
| 2 |
ACM
Advent Capital Management
New York
|
-$2M |
| 3 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
-$2M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$1.04M |
| 5 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
-$515K |
FTHY Hedge Fund Activity: Q4 2023 in Review
83 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in First Trust High Yield Opportunities 2027 Term Fund (FTHY) for Q4 2023, worth a combined $207M — up 7.7% from $192M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FTHY positions and 12 closed out — a net gain of 3 holders — while 27 added to existing stakes and 32 trimmed.
The largest buyer was Relative Value Partners Group, adding an estimated $3.25M. The largest seller was Saba Capital Management, exiting entirely with an estimated $2.48M sold.
- 83 institutional investors held First Trust High Yield Opportunities 2027 Term Fund (FTHY) as of Q4 2023, up from 80 in Q3 2023.
- Funds reported $207M of First Trust High Yield Opportunities 2027 Term Fund stock for Q4 2023, up 7.7% quarter-over-quarter.
- 15 funds opened new First Trust High Yield Opportunities 2027 Term Fund positions in Q4 2023 and 12 closed out, a net change of +3 holders.
- The largest First Trust High Yield Opportunities 2027 Term Fund buyer in Q4 2023 was Relative Value Partners Group, an estimated $3.25M added.
- The largest First Trust High Yield Opportunities 2027 Term Fund seller in Q4 2023 was Saba Capital Management, an estimated $2.48M sold.
Based on aggregated 13F filings for Q4 2023.