Vault-13

FIRST TR SR FLTG RATE INCOME

COM · CUSIP 33733U108

74 institutional holders +0 vs Q1 2024
9,744,1459.7m shares reported held*
$98.2mreported value*
6 new 25 added 21 reduced 8 sold out net sold ≈ $63.8m (-6.3m 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 ≈ $10.08.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 67Q4 22: 82Q1 23: 81Q2 23: 76Q3 23: 69Q4 23: 78Q1 24: 74Q2 24: 7474Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202267
Q4 202282
Q1 202381
Q2 202376
Q3 202369
Q4 202378
Q1 202474
Q2 202474

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 outQ2 23: 24 bought or addedQ2 23: 42 cut or sold outQ2 23Q3 23: 25 bought or addedQ3 23: 33 cut or sold outQ4 23: 30 bought or addedQ4 23: 29 cut or sold outQ4 23Q1 24: 35 bought or addedQ1 24: 31 cut or sold outQ2 24: 31 bought or addedQ2 24: 29 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20224626
Q1 20234038
Q2 20232442
Q3 20232533
Q4 20233029
Q1 20243531
Q2 20243129

Biggest buyers

Advisors Asset Management, Inc. Added +76,639+76.6k
Baird Financial Group, Inc. New +58,323+58.3k
COMMONWEALTH EQUITY SERVICES, LLC Added +45,163+45.2k
GUGGENHEIM CAPITAL LLC Added +37,828+37.8k
SHUFRO ROSE & CO LLC Added +32,500+32.5k
Pathstone Holdings, LLC Added +27,800+27.8k
GraniteShares Advisors LLC Added +24,390+24.4k
KINGSWOOD WEALTH ADVISORS, LLC Added +23,474+23.5k
TFG Advisers LLC Added +21,203+21.2k
VIRTUS ADVISERS, LLC Added +19,768+19.8k

Biggest sellers

MORGAN STANLEY Reduced -4,966,719-5.0m
Relative Value Partners Group, LLC Sold out -570,335-570.3k
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Sold out -407,784-407.8k
1607 Capital Partners, LLC Reduced -197,172-197.2k
LPL Financial LLC Reduced -131,020-131.0k
Invesco Ltd. Reduced -130,443-130.4k
BANK OF AMERICA CORP /DE/ Reduced -91,263-91.3k
AQR Arbitrage LLC Sold out -71,103-71.1k
OSAIC HOLDINGS, INC. Reduced -45,162-45.2k
B. Riley Wealth Advisors, Inc. Sold out -39,157-39.2k

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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,479,5332.5m $25.0m $25.0m 0.00% Reduced -5.0m -4,966,719
2 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,175,2111.2m $11.8m $11.8m 0.01% Reduced -131.0k -131,020
3 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 796,056796.1k $8.0m $8.0m 0.00% Reduced -91.3k -91,263
4 Edgemoor Investment Advisors, Inc. 0.67% of their portfolio BETHESDA, MD 718,862718.9k $7.2m $7.2m 0.67% Reduced -18.5k -18,467
5 JONES ROAD CAPITAL MANAGEMENT, L.P. 3.03% of their portfolio NEW YORK, NY 421,879421.9k $4.3m $4.3m 3.03% Added +10.0k +10,000
6 Advisors Asset Management, Inc. 0.07% of their portfolio Monument, CO 373,364373.4k $3.8m $3.8m 0.07% Added +76.6k +76,639
7 1607 Capital Partners, LLC 0.33% of their portfolio Richmond, VA 366,313366.3k $3.7m $3.7m 0.33% Reduced -197.2k -197,172
8 GUGGENHEIM CAPITAL LLC 0.03% of their portfolio CHICAGO, IL 356,710356.7k $3.6m $3.6m 0.03% Added +37.8k +37,828
9 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 318,205318.2k $3.2m $3.2m 0.00% Reduced -130.4k -130,443
10 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 305,460305.5k $3.1m $3.1m 0.00% Added +45.2k +45,163
11 D.A. DAVIDSON & CO. 0.02% of their portfolio GREAT FALLS, MT 241,120241.1k $2.4m $2.4m 0.02% Added +13.7k +13,665
12 TFG Advisers LLC 0.85% of their portfolio Auburn Hills, MI 216,234216.2k $2.2m $2.2m 0.85% Added +21.2k +21,203
13 UBS Group AG 0.00% of their portfolio ZURICH, V8 199,340199.3k $2.0m $2.0m 0.00% Reduced -4.6k -4,646
14 GraniteShares Advisors LLC 0.66% of their portfolio NEW YORK, NY 195,530195.5k $2.0m $2.0m 0.66% Added +24.4k +24,390
15 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 164,255164.3k $1.7m $1.7m 0.00% Reduced -15.6k -15,562
16 SIT INVESTMENT ASSOCIATES INC 0.03% of their portfolio Minneapolis, MN 113,105113.1k $1.1m $1.1m 0.03% Reduced -10.2k -10,196
17 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 111,890111.9k $1.1m $1.1m 0.00% Added +7.9k +7,949
18 VIRTUS ADVISERS, LLC 0.42% of their portfolio HARTFORD, CT 85,10585.1k $857.9k $857.9k 0.42% Added +19.8k +19,768
19 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 82,87782.9k $835.4k $835.4k 0.00% Reduced -8.0k -7,985
20 SHUFRO ROSE & CO LLC 0.07% of their portfolio NEW YORK, NY 81,60081.6k $822.5k $822.5k 0.07% Added +32.5k +32,500
21 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 79,46379.5k $801.0k $801.0k 0.00% Added +27.8k +27,800
22 Shaker Financial Services, LLC 0.27% of their portfolio Arlington, VA 65,16565.2k $656.9k $656.9k 0.27% Added +5.8k +5,822
23 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 58,32358.3k $587.9k $587.9k 0.00% New
24 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 57,52557.5k $579.9k $579.9k 0.00% Reduced -9.7k -9,715
25 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 50,67250.7k $523.4k $523.4k 0.00% First filing
26 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 48,88648.9k $492.8k $492.8k 0.00% Reduced -45.2k -45,162
27 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 48,03148.0k $484.2k $484.2k 0.00% Reduced -1.1k -1,109
28 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.03% of their portfolio Englewood, NJ 39,98640.0k $403.1k $403.1k 0.03% Reduced -24.5k -24,500
29 KINGSWOOD WEALTH ADVISORS, LLC 0.04% of their portfolio SAN DIEGO, CA 39,25239.3k $395.7k $395.7k 0.04% Added +23.5k +23,474
30 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 36,93636.9k $372.3k $372.3k 0.00% Added +1.6k +1,642
31 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 36,91636.9k $372.0k $372.0k 0.00% Added +1.9k +1,854
32 Westchester Capital Management, LLC 0.01% of their portfolio VALHALLA, NY 33,39133.4k $336.6k $336.6k 0.01% Reduced -9.9k -9,878
33 AEGON USA Investment Management, LLC 0.24% of their portfolio CEDAR RAPIDS, IA 30,01730.0k $302.6k $302.6k 0.24% Unchanged
34 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 26,62726.6k $268.4k $268.4k 0.00% Unchanged
35 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 25,22725.2k $254.3k $254.3k 0.00% Unchanged
36 WESCAP Management Group, Inc. 0.06% of their portfolio Glendale, CA 22,14222.1k $223.2k $223.2k 0.06% Unchanged
37 CWM, LLC 0.00% of their portfolio OMAHA, NE 21,21021.2k $214.0k $214.0k 0.00% Unchanged
38 Apriem Advisors 0.02% of their portfolio IRVINE, CA 20,00020.0k $201.6k $201.6k 0.02% Added +3.8k +3,800
39 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 18,93618.9k $190.9k $190.9k 0.00% New
40 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 18,02318.0k $181.7k $181.7k 0.00% Added +423 +423
41 Simplicity Wealth,LLC 0.00% of their portfolio SUMMIT, NJ 17,84617.8k $179.9k $179.9k 0.00% New
42 Realta Investment Advisors 0.03% of their portfolio WILMINGTON, DE 14,30114.3k $144.2k $144.2k 0.03% Added +397 +397
43 SeaCrest Wealth Management, LLC 0.02% of their portfolio PURCHASE, NY 13,94113.9k $140.5k $140.5k 0.02% Added +136 +136
44 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 13,30113.3k $134.1k $134.1k 0.00% Reduced -970 -970
45 RFG Advisory, LLC 0.00% of their portfolio BIRMINGHAM, AL 12,85012.8k $129.5k $129.5k 0.00% Added +274 +274
46 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 11,38211.4k $114.7k $114.7k 0.00% Added +472 +472
47 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 11,15011.2k $112.4k $112.4k 0.00% Added +1.1k +1,150
48 NWF Advisory Services Inc. 0.02% of their portfolio Los Angeles, CA 10,74310.7k $108.3k $108.3k 0.02% Unchanged
49 Whitener Capital Management, Inc. 0.03% of their portfolio Rocky Mount, NC 10,14010.1k $102.2k $102.2k 0.03% Reduced -3.1k -3,110
50 Cullen/Frost Bankers, Inc. 0.00% of their portfolio San Antonio, TX 10,00010.0k $100.8k $100.8k 0.00% Unchanged
51 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 8,4818.5k $85.5k $85.5k 0.00% Reduced -1.2k -1,193
52 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 7,8847.9k $79.5k $79.5k 0.00% New
53 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 2,8422.8k $28.0k $28.0k 0.00% Unchanged
54 Strategic Financial Concepts, LLC 0.01% of their portfolio SAN ANTONIO, TX 2,6552.7k $25.6k $25.6k 0.01% Reduced -19.5k -19,545
55 Ransom Advisory, Ltd 0.01% of their portfolio PROVIDENCE, RI 2,3502.4k $23.7k $23.7k 0.01% Unchanged
56 Clear Point Advisors Inc. 0.02% of their portfolio MELVILLE, NY 2,2752.3k $22.9k $22.9k 0.02% Added +63 +63
57 COMERICA BANK 0.00% of their portfolio DALLAS, TX 2,1402.1k $21.6k $21.6k 0.00% Reduced -88 -88
58 Gradient Investments LLC 0.00% of their portfolio ARDEN HILLS, MN 1,8001.8k $18.1k $18.1k 0.00% Unchanged
59 Castleview Partners, LLC 0.01% of their portfolio DALLAS, TX 1,5261.5k $15.4k $15.4k 0.01% New
60 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 1,3581.4k $13.7k $13.7k 0.00% Unchanged
61 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 1,2791.3k $12.9k $12.9k 0.00% Added +1 +1
62 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 1,0001.0k $10.1k $10.1k 0.00% Unchanged
63 Avior Wealth Management, LLC 0.00% of their portfolio OMAHA, NE 849849 $8.6k $8.6k 0.00% Added +260 +260
64 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 550550 $5.5k $5.5k 0.00% Unchanged
65 Hexagon Capital Partners LLC 0.00% of their portfolio ROGERS, AR 469469 $4.7k $4.7k 0.00% Reduced -2.8k -2,804
66 Beacon Capital Management, LLC 0.00% of their portfolio FRANKLIN, TN 383383 $3.9k $3.9k 0.00% Unchanged
67 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 371371 $3.7k $3.7k 0.00% Unchanged
68 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio ORLANDO, FL 339339 $3.4k $3.4k 0.00% New
69 Chris Bulman Inc 0.00% of their portfolio ROSEVILLE, CA 250250 $2.5k $2.5k 0.00% First filing
70 GPS Wealth Strategies Group, LLC 0.00% of their portfolio CENTENNIAL, CO 150150 $1.5k $1.5k 0.00% Unchanged
71 Carmichael Hill & Associates, Inc. 0.00% of their portfolio GAITHERSBURG, MD 149149 $1.5k $1.5k 0.00% Unchanged
72 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 1414 $141 $141 0.00% Unchanged
73 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $10 $10 0.00% Unchanged
74 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged