First Trust Senior Loan Fund ETF
FTSL
177 hedge funds and large institutions have $882M invested in First Trust Senior Loan Fund ETF in 2018 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 52 increasing their positions, 65 reducing their positions, and 28 closing their positions.
57% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 28
25% more funds holding in top 10
Funds holding in top 10: 8 → 10 (+2)
8% more funds holding
Funds holding: 164 → 177 (+13)
4.86% less ownership
Funds ownership: 59.7% → 54.84% (-4.9%)
19% less capital invested
Capital invested by funds: $1.08B → $882M (-$202M)
20% less repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 65
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$12.8M |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$4.83M |
| 3 |
EWM
Empirical Wealth Management
Seattle,
Washington
|
+$3.44M |
| 4 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$3.42M |
| 5 |
BFG
Barber Financial Group
Lenexa,
Kansas
|
+$2.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$69.7M |
| 2 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$22.2M |
| 3 |
MAP
Milestone Advisory Partners
Southern Pines,
North Carolina
|
-$20.2M |
| 4 |
Morgan Stanley
New York
|
-$17.4M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$17.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
201
Tower Research Capital (TRC)
New York
| – | -$3K | -60 | Closed |
|
202
JP Morgan Chase
New York
| – | -$2K | -44 | Closed |
|
|
TC
203
Trilogy Capital
Irvine,
California
| – | -$1K | -17 | Closed |
|
FTSL Hedge Fund Activity: Q4 2018 in Review
177 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Loan Fund ETF (FTSL) for Q4 2018, worth a combined $882M — down 19% from $1.08B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new FTSL positions and 28 closed out — a net gain of 16 holders — while 52 added to existing stakes and 65 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $12.8M. The largest seller was RiverFront Investment Group, cutting an estimated $69.7M.
- 177 institutional investors held First Trust Senior Loan Fund ETF (FTSL) as of Q4 2018, up from 164 in Q3 2018.
- Funds reported $882M of First Trust Senior Loan Fund ETF stock for Q4 2018, down 19% quarter-over-quarter.
- 44 funds opened new First Trust Senior Loan Fund ETF positions in Q4 2018 and 28 closed out, a net change of +16 holders.
- The largest First Trust Senior Loan Fund ETF buyer in Q4 2018 was Envestnet Asset Management, an estimated $12.8M added.
- The largest First Trust Senior Loan Fund ETF seller in Q4 2018 was RiverFront Investment Group, an estimated $69.7M sold.
Based on aggregated 13F filings for Q4 2018.