Vault-13

FIRST TR SR FLTG RATE INCOME

COM · CUSIP 33733U108

76 institutional holders -5 vs Q1 2023
10,824,66210.8m shares reported held*
$107.2mreported value*
9 new 15 added 27 reduced 15 sold out net sold ≈ $3.9m (-393.9k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $9.90.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 67Q4 22: 82Q1 23: 81Q2 23: 7676Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202267
Q4 202282
Q1 202381
Q2 202376

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q4 22: 46 bought or addedQ4 22: 26 cut or sold outQ4 22Q1 23: 40 bought or addedQ1 23: 38 cut or sold outQ1 23Q2 23: 24 bought or addedQ2 23: 42 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20224626
Q1 20234038
Q2 20232442

Biggest buyers

LPL Financial LLC Added +185,980+186.0k
MORGAN STANLEY Added +137,038+137.0k
CLOUGH CAPITAL PARTNERS L P New +66,200+66.2k
COMMONWEALTH EQUITY SERVICES, LLC Added +63,047+63.0k
Advisors Asset Management, Inc. Added +59,968+60.0k
AQR Arbitrage LLC Added +38,376+38.4k
Glassy Mountain Advisors, Inc. New +16,312+16.3k
OPPENHEIMER & CO INC New +15,854+15.9k
Quarry LP New +13,900+13.9k
WELLS FARGO & COMPANY/MN Added +11,898+11.9k

Biggest sellers

Relative Value Partners Group, LLC Reduced -248,129-248.1k
WOLVERINE ASSET MANAGEMENT LLC Sold out -141,581-141.6k
Almitas Capital LLC Sold out -88,191-88.2k
Logan Stone Capital, LLC Reduced -58,725-58.7k
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Reduced -54,509-54.5k
JPMORGAN CHASE & CO Reduced -53,011-53.0k
GUGGENHEIM CAPITAL LLC Reduced -46,273-46.3k
Shaker Financial Services, LLC Reduced -34,822-34.8k
HighTower Advisors, LLC Sold out -31,484-31.5k
AEGON USA Investment Management, LLC Reduced -30,017-30.0k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: MORGAN STANLEY (4.1%, 2026-02-11)

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,660,5681.7m $16.4m $16.4m 0.00% Added +137.0k +137,038
2 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,224,8141.2m $12.1m $12.1m 0.01% Added +186.0k +185,980
3 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,098,9301.1m $10.9m $10.9m 0.00% Reduced -18.3k -18,335
4 Edgemoor Investment Advisors, Inc. 0.89% of their portfolio BETHESDA, MD 792,435792.4k $7.8m $7.8m 0.89% Reduced -12.7k -12,730
5 1607 Capital Partners, LLC 0.45% of their portfolio Richmond, VA 631,315631.3k $6.3m $6.3m 0.45% Unchanged
6 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 570,585570.6k $5.6m $5.6m 0.00% Reduced -29.2k -29,195
7 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.40% of their portfolio London, X0 496,941496.9k $4.9m $4.9m 0.40% Unchanged
8 GUGGENHEIM CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 467,270467.3k $4.6m $4.6m 0.04% Reduced -46.3k -46,273
9 Relative Value Partners Group, LLC 0.28% of their portfolio NORTHBROOK, IL 433,841433.8k $4.3m $4.3m 0.28% Reduced -248.1k -248,129
10 Advisors Asset Management, Inc. 0.06% of their portfolio Monument, CO 279,444279.4k $2.8m $2.8m 0.06% Added +60.0k +59,968
11 D.A. DAVIDSON & CO. 0.03% of their portfolio GREAT FALLS, MT 272,709272.7k $2.7m $2.7m 0.03% Reduced -1.3k -1,286
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 216,251216.3k $2.1m $2.1m 0.00% Reduced -22.0k -21,997
13 Logan Stone Capital, LLC 0.70% of their portfolio CHICAGO, IL 208,386208.4k $2.1m $2.1m 0.70% Reduced -58.7k -58,725
14 TFG Advisers LLC 0.84% of their portfolio Auburn Hills, MI 186,835186.8k $1.8m $1.8m 0.84% Reduced -888 -888
15 Wagner Wealth Management, LLC 0.70% of their portfolio GREENVILLE, SC 183,992184.0k $1.8m $1.8m 0.70% Reduced -9.4k -9,384
16 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 175,106175.1k $1.7m $1.7m 0.00% Reduced -51 -51
17 JONES ROAD CAPITAL MANAGEMENT, L.P. 1.56% of their portfolio NEW YORK, NY 165,000165.0k $1.6m $1.6m 1.56% Unchanged
18 AQR Arbitrage LLC 0.06% of their portfolio Greenwich, CT 147,032147.0k $1.5m $1.5m 0.06% Added +38.4k +38,376
19 Matisse Capital 0.84% of their portfolio PORTLAND, OR 136,900136.9k $1.4m $1.4m 0.84% Unchanged
20 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 111,226111.2k $1.1m $1.1m 0.00% Reduced -4.1k -4,059
21 Shaker Financial Services, LLC 0.46% of their portfolio Arlington, VA 106,695106.7k $1.1m $1.1m 0.46% Reduced -34.8k -34,822
22 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 99,42499.4k $984.3k $984.3k 0.00% Added +10.5k +10,511
23 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 88,73788.7k $878.6k $878.6k 0.00% Added +33 +33
24 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 78,80178.8k $780.0k $780.0k 0.00% Added +63.0k +63,047
25 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 75,68875.7k $749.3k $749.3k 0.00% Added +11.9k +11,898
26 EVOKE WEALTH, LLC 0.03% of their portfolio Los Angeles, CA 74,97575.0k $742.2k $742.2k 0.03% Unchanged
27 CLOUGH CAPITAL PARTNERS L P 0.07% of their portfolio Boston, MA 66,20066.2k $655.4k $655.4k 0.07% New
28 SIT INVESTMENT ASSOCIATES INC 0.02% of their portfolio Minneapolis, MN 63,28763.3k $627.0k $627.0k 0.02% Unchanged
29 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 57,18657.2k $566.0k $566.0k 0.00% Reduced -5.0k -4,965
30 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 55,02455.0k $545.0k $545.0k 0.00% Reduced -2.9k -2,900
31 SHUFRO ROSE & CO LLC 0.05% of their portfolio NEW YORK, NY 51,60051.6k $510.8k $510.8k 0.05% Reduced -1.5k -1,500
32 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 44,93844.9k $444.9k $444.9k 0.00% First filing
33 VIRTUS ADVISERS, LLC 0.22% of their portfolio HARTFORD, CT 36,94036.9k $365.7k $365.7k 0.22% Reduced -6.1k -6,149
34 B. Riley Wealth Advisors, Inc. 0.01% of their portfolio MEMPHIS, TN 34,96135.0k $346.1k $346.1k 0.01% Added +3.3k +3,327
35 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 33,73633.7k $334.0k $334.0k 0.00% Added +8.7k +8,710
36 AEGON USA Investment Management, LLC 0.17% of their portfolio CEDAR RAPIDS, IA 30,01730.0k $297.2k $297.2k 0.17% Reduced -30.0k -30,017
37 PREVAIL INNOVATIVE WEALTH ADVISORS, LLC 0.16% of their portfolio LEAWOOD, KS 28,63028.6k $283.4k $283.4k 0.16% First filing
38 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 26,62726.6k $263.6k $263.6k 0.00% Unchanged
39 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 24,12724.1k $238.9k $238.9k 0.00% Unchanged
40 Westchester Capital Management, LLC 0.01% of their portfolio VALHALLA, NY 23,59323.6k $233.6k $233.6k 0.01% Unchanged
41 WESCAP Management Group, Inc. 0.08% of their portfolio Glendale, CA 22,14222.1k $219.2k $219.2k 0.08% Unchanged
42 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 20,67620.7k $204.7k $204.7k 0.00% Added +1.0k +1,000
43 TFB Advisors LLC 0.08% of their portfolio OVERLAND PARK, KS 18,05518.1k $178.7k $178.7k 0.08% Unchanged
44 Glassy Mountain Advisors, Inc. 0.07% of their portfolio BETHESDA, MD 16,31216.3k $161.5k $161.5k 0.07% New
45 Apriem Advisors 0.02% of their portfolio IRVINE, CA 16,20016.2k $160.4k $160.4k 0.02% Unchanged
46 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 15,85415.9k $157.0k $157.0k 0.00% New
47 Whitener Capital Management, Inc. 0.06% of their portfolio Rocky Mount, NC 14,80014.8k $146.5k $146.5k 0.06% Reduced -400 -400
48 Quarry LP 0.09% of their portfolio NEW YORK, NY 13,90013.9k $137.6k $137.6k 0.09% New
49 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.02% of their portfolio Englewood, NJ 13,35513.4k $132.2k $132.2k 0.02% Reduced -54.5k -54,509
50 SFI Advisors, LLC 0.12% of their portfolio Montclair, NJ 12,63312.6k $125.1k $125.1k 0.12% Added +1.1k +1,100
51 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 11,99112.0k $118.7k $118.7k 0.00% Reduced -2.2k -2,223
52 Realta Investment Advisors 0.03% of their portfolio WILMINGTON, DE 11,89511.9k $117.8k $117.8k 0.03% Reduced -1.1k -1,123
53 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 11,76811.8k $116.5k $116.5k 0.00% Added +43 +43
54 Pekin Hardy Strauss, Inc. 0.02% of their portfolio CHICAGO, IL 11,65011.7k $115.3k $115.3k 0.02% Reduced -103 -103
55 Lumature Wealth Partners, LLC 0.06% of their portfolio ALPHARETTA, GA 10,00010.0k $99.0k $99.0k 0.06% Unchanged
56 Elequin Capital, LP 0.05% of their portfolio NEW YORK, NY 9,4479.4k $93.5k $93.5k 0.05% Reduced -3.9k -3,904
57 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 9,3749.4k $92.8k $92.8k 0.00% Added +945 +945
58 Cullen/Frost Bankers, Inc. 0.00% of their portfolio San Antonio, TX 7,0007.0k $69.3k $69.3k 0.00% New
59 Gradient Investments LLC 0.00% of their portfolio ARDEN HILLS, MN 3,6823.7k $36.5k $36.5k 0.00% Reduced -236 -236
60 Hexagon Capital Partners LLC 0.01% of their portfolio ROGERS, AR 3,3853.4k $33.5k $33.5k 0.01% Added +11 +11
61 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 2,2302.2k $27.1k $27.1k 0.00% Reduced -5.3k -5,286
62 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 1,3581.4k $13.4k $13.4k 0.00% Unchanged
63 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 1,2731.3k $12.6k $12.6k 0.00% Unchanged
64 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,0481.0k $10.4k $10.4k 0.00% Reduced -53.0k -53,011
65 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 1,0001.0k $9.9k $9.9k 0.00% New
66 AlphaMark Advisors, LLC 0.00% of their portfolio FT. WRIGHT, KY 1,0001.0k $10.0k $10.0k 0.00% Unchanged
67 Beacon Capital Management, LLC 0.00% of their portfolio FRANKLIN, TN 383383 $3.8k $3.8k 0.00% Unchanged
68 CoreFirst Bank & Trust 0.00% of their portfolio TOPEKA, KS 312312 $3.1k $3.1k 0.00% Unchanged
69 CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.00% of their portfolio RICHMOND, VA 300300 $3.0k $3.0k 0.00% Unchanged
70 Carmichael Hill & Associates, Inc. 0.00% of their portfolio GAITHERSBURG, MD 289289 $2.9k $2.9k 0.00% Unchanged
71 Key Financial Inc 0.00% of their portfolio WEST CHESTER, PA 267267 $2.6k $2.6k 0.00% Unchanged
72 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 166166 $1.6k $1.6k 0.00% New
73 GPS Wealth Strategies Group, LLC 0.00% of their portfolio CENTENNIAL, CO 150150 $1.5k $1.5k 0.00% New
74 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $10 $10 0.00% Unchanged
75 FMR LLC 0.00% of their portfolio BOSTON, MA 11 $10 $10 0.00% New
76 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged