Vault-13

FIRST TR SR FLTG RATE INCOME

COM · CUSIP 33733U108

89 institutional holders +3 vs Q1 2026
8,878,7528.9m shares reported held*
$85.8mreported value*
11 new 24 added 26 reduced 9 sold out net sold ≈ $226.7k (-23.5k 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 ≈ $9.66.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 67Q4 22: 82Q1 23: 81Q2 23: 76Q3 23: 69Q4 23: 78Q1 24: 74Q2 24: 74Q3 24: 69Q4 24: 75Q1 25: 78Q2 25: 80Q3 25: 80Q4 25: 89Q1 26: 86Q2 26: 8989Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202267
Q4 202282
Q1 202381
Q2 202376
Q3 202369
Q4 202378
Q1 202474
Q2 202474
Q3 202469
Q4 202475
Q1 202578
Q2 202580
Q3 202580
Q4 202589
Q1 202686
Q2 202689

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 24: 35 bought or addedQ3 24: 32 cut or sold outQ4 24: 42 bought or addedQ4 24: 18 cut or sold outQ4 24Q1 25: 39 bought or addedQ1 25: 31 cut or sold outQ2 25: 37 bought or addedQ2 25: 31 cut or sold outQ2 25Q3 25: 42 bought or addedQ3 25: 28 cut or sold outQ4 25: 36 bought or addedQ4 25: 38 cut or sold outQ4 25Q1 26: 30 bought or addedQ1 26: 41 cut or sold outQ2 26: 35 bought or addedQ2 26: 35 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20243532
Q4 20244218
Q1 20253931
Q2 20253731
Q3 20254228
Q4 20253638
Q1 20263041
Q2 20263535

Biggest buyers

SIT INVESTMENT ASSOCIATES INC Added +190,422+190.4k
CSS LLC/IL Added +89,255+89.3k
Almitas Capital LLC Added +83,209+83.2k
Beverly Hills Private Wealth, LLC New +71,217+71.2k
ABSOLUTE INVESTMENT ADVISERS, LLC New +66,089+66.1k
READYSTATE ASSET MANAGEMENT LP New +38,844+38.8k
Penserra Capital Management LLC Added +28,073+28.1k
Quarry LP New +27,306+27.3k
Prospera Financial Services Inc New +23,343+23.3k
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC Added +19,222+19.2k

Biggest sellers

Advisors Asset Management, Inc. Reduced -111,123-111.1k
Independent Advisor Alliance Sold out -110,815-110.8k
LPL Financial LLC Reduced -75,938-75.9k
Baird Financial Group, Inc. Sold out -69,046-69.0k
MORGAN STANLEY Reduced -61,043-61.0k
GUGGENHEIM CAPITAL LLC Reduced -56,357-56.4k
Focus Partners Wealth Reduced -55,255-55.3k
BANK OF AMERICA CORP /DE/ Reduced -41,992-42.0k
1607 Capital Partners, LLC Reduced -28,927-28.9k
CX Institutional Reduced -21,175-21.2k

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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,183,8431.2m $11.4m $11.4m 0.00% Reduced -61.0k -61,043
2 Penserra Capital Management LLC 0.05% of their portfolio ORINDA, CA 736,401736.4k $7.1m $7.1m 0.05% Added +28.1k +28,073
3 Advisors Asset Management, Inc. 0.09% of their portfolio Monument, CO 582,569582.6k $5.6m $5.6m 0.09% Reduced -111.1k -111,123
4 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 548,313548.3k $5.3m $5.3m 0.00% Reduced -16.2k -16,234
5 Edgemoor Investment Advisors, Inc. 0.32% of their portfolio BETHESDA, MD 481,824481.8k $4.7m $4.7m 0.32% Reduced -5.8k -5,765
6 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 473,244473.2k $4.6m $4.6m 0.00% Reduced -42.0k -41,992
7 Almitas Capital LLC 1.08% of their portfolio SANTA MONICA, CA 466,072466.1k $4.5m $4.5m 1.08% Added +83.2k +83,209
8 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 407,522407.5k $3.9m $3.9m 0.00% Reduced -11.1k -11,083
9 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 326,115326.1k $3.2m $3.2m 0.00% Reduced -75.9k -75,938
10 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 299,197299.2k $2.9m $2.9m 0.00% Reduced -2.5k -2,529
11 SIT INVESTMENT ASSOCIATES INC 0.05% of their portfolio Minneapolis, MN 276,336276.3k $2.7m $2.7m 0.05% Added +190.4k +190,422
12 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 258,137258.1k $2.5m $2.5m 0.01% Added +5.8k +5,841
13 UBS Group AG 0.00% of their portfolio ZURICH, V8 210,558210.6k $2.0m $2.0m 0.00% Reduced -16.7k -16,655
14 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 162,321162.3k $1.6m $1.6m 0.00% Reduced -55.3k -55,255
15 Logan Stone Capital, LLC 0.33% of their portfolio CHICAGO, IL 161,408161.4k $1.6m $1.6m 0.33% Added +7.7k +7,700
16 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 145,694145.7k $1.4m $1.4m 0.01% Reduced -56.4k -56,357
17 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 143,019143.0k $1.4m $1.4m 0.00% Added +7.1k +7,082
18 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 123,704123.7k $1.2m $1.2m 0.00% Reduced -9.5k -9,479
19 HOURGLASS CAPITAL, LLC 0.21% of their portfolio HOUSTON, TX 111,800111.8k $1.1m $1.1m 0.21% Reduced -2.0k -2,000
20 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 111,522111.5k $1.1m $1.1m 0.00% Reduced -100 -100
21 CSS LLC/IL 0.05% of their portfolio CHICAGO, IL 106,858106.9k $1.0m $1.0m 0.05% Added +89.3k +89,255
22 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 99,957100.0k $965.0k $965.0k 0.00% Reduced -3.8k -3,810
23 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 73,00373.0k $705.2k $705.2k 0.00% Added +7.3k +7,337
24 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio ORLANDO, FL 72,26172.3k $693.7k $693.7k 0.04% Added +19.2k +19,222
25 Beverly Hills Private Wealth, LLC 0.13% of their portfolio BEVERLY HILLS, CA 71,21771.2k $688.0k $688.0k 0.13% New
26 Verity Asset Management, Inc. 0.25% of their portfolio DURHAM, NC 68,82668.8k $664.9k $664.9k 0.25% Reduced -717 -717
27 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 67,29867.3k $650.0k $650.0k 0.00% Added +350 +350
28 ABSOLUTE INVESTMENT ADVISERS, LLC 0.06% of their portfolio ROSEMARY BEACH, FL 66,08966.1k $638.4k $638.4k 0.06% New
29 1607 Capital Partners, LLC 0.06% of their portfolio Richmond, VA 65,89265.9k $636.5k $636.5k 0.06% Reduced -28.9k -28,927
30 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 64,99165.0k $628.0k $628.0k 0.00% Added +8.2k +8,157
31 SHUFRO ROSE & CO LLC 0.03% of their portfolio NEW YORK, NY 62,30062.3k $601.8k $601.8k 0.03% Reduced -10.0k -10,000
32 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 56,72456.7k $548.0k $548.0k 0.00% Reduced -351 -351
33 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 52,71752.7k $509.2k $509.2k 0.00% Added +4.4k +4,415
34 Yakira Capital Management, Inc. 0.14% of their portfolio Westport, CT 48,78348.8k $471.2k $471.2k 0.14% Unchanged
35 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 47,88147.9k $462.5k $462.5k 0.00% Unchanged
36 Everstar Asset Management, LLC 0.19% of their portfolio MOORESVILLE, NC 40,54540.5k $391.7k $391.7k 0.19% Unchanged
37 Virtus Investment Advisers, LLC 0.09% of their portfolio HARTFORD, CT 40,44440.4k $390.7k $390.7k 0.09% Reduced -11.1k -11,101
38 Genesis Financial Group, LLC 0.25% of their portfolio PARAMUS, NJ 40,05740.1k $387.0k $387.0k 0.25% Reduced -3.1k -3,057
39 READYSTATE ASSET MANAGEMENT LP 0.02% of their portfolio CHICAGO, IL 38,84438.8k $375.2k $375.2k 0.02% New
40 Geneos Wealth Management Inc. 0.01% of their portfolio ENGLEWOOD, CO 34,59634.6k $334.2k $334.2k 0.01% Added +300 +300
41 Quarry LP 0.04% of their portfolio NEW YORK, NY 27,30627.3k $263.8k $263.8k 0.04% New
42 Strategic Financial Concepts, LLC 0.08% of their portfolio SAN ANTONIO, TX 26,20026.2k $253.1k $253.1k 0.08% Reduced -200 -200
43 RFG Advisory, LLC 0.00% of their portfolio BIRMINGHAM, AL 24,05524.1k $232.4k $232.4k 0.00% Added +859 +859
44 Apriem Advisors 0.02% of their portfolio IRVINE, CA 23,50023.5k $227.0k $227.0k 0.02% Added +2.5k +2,500
45 Prospera Financial Services Inc 0.00% of their portfolio Dallas, TX 23,34323.3k $225.5k $225.5k 0.00% New
46 Ethos Financial Group, LLC 0.01% of their portfolio KING OF PRUSSIA, PA 22,77522.8k $220.0k $220.0k 0.01% Added +1.3k +1,326
47 UHLMANN PRICE SECURITIES, LLC 0.01% of their portfolio SKOKIE, IL 20,85220.9k $201.4k $201.4k 0.01% Added +606 +606
48 SeaCrest Wealth Management, LLC 0.02% of their portfolio PURCHASE, NY 19,36719.4k $187.1k $187.1k 0.02% Added +1.2k +1,185
49 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 18,58618.6k $179.5k $179.5k 0.00% Added +503 +503
50 WESCAP Management Group, Inc. 0.03% of their portfolio Glendale, CA 18,11118.1k $175.0k $175.0k 0.03% Unchanged
51 Sunpointe, LLC 0.05% of their portfolio ST. LOUIS, MO 17,69717.7k $171.0k $171.0k 0.05% Unchanged
52 KINGSWOOD WEALTH ADVISORS, LLC 0.01% of their portfolio SAN DIEGO, CA 17,09717.1k $165.2k $165.2k 0.01% Unchanged
53 Advisory Solutions Group, LLC 0.05% of their portfolio PLYMOUTH, MN 16,34016.3k $157.8k $157.8k 0.05% First filing
54 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 15,64515.6k $151.1k $151.1k 0.00% Added +12.9k +12,945
55 NWF Advisory Services Inc. 0.01% of their portfolio Los Angeles, CA 15,53715.5k $150.1k $150.1k 0.01% Unchanged
56 Moss Adams Wealth Advisors LLC 0.01% of their portfolio SEATTLE, WA 15,16115.2k $146.5k $146.5k 0.01% Unchanged
57 Virtu Financial LLC 0.00% of their portfolio New York, NY 13,98314.0k $135.0k $135.0k 0.00% New
58 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 13,60613.6k $131.4k $131.4k 0.00% New
59 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 12,85012.8k $124.1k $124.1k 0.00% Added +650 +650
60 Helium Advisors LLC 0.10% of their portfolio VANCOUVER, WA 12,73712.7k $123.0k $123.0k 0.10% Added +333 +333
61 Advisory Advocates, LLC 0.10% of their portfolio GRAND RAPIDS, MI 12,60012.6k $121.7k $121.7k 0.10% Unchanged
62 Alteri Wealth LLC 0.03% of their portfolio WESTLAKE VILLAGE, CA 10,37010.4k $100.2k $100.2k 0.03% Unchanged
63 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 9,1829.2k $88.7k $88.7k 0.00% First filing
64 Cullen/Frost Bankers, Inc. 0.00% of their portfolio San Antonio, TX 8,0008.0k $77.3k $77.3k 0.00% Unchanged
65 Quantum Portfolio Management LLC 0.02% of their portfolio NEW YORK, NY 4,6794.7k $45.2k $45.2k 0.02% New
66 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 4,0054.0k $38.7k $38.7k 0.00% Unchanged
67 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 3,4413.4k $33.2k $33.2k 0.00% Added +1.7k +1,700
68 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 2,8752.9k $27.8k $27.8k 0.00% New
69 CX Institutional 0.00% of their portfolio AUBURN, IN 2,7382.7k $26.0k $26.0k 0.00% Reduced -21.2k -21,175
70 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2,4822.5k $24.0k $24.0k 0.00% Unchanged
71 Axiom Investment Management LLC 0.01% of their portfolio NEW YORK, NY 2,2102.2k $21.3k $21.3k 0.01% Unchanged
72 Pinnacle Wealth Planning Services, Inc. 0.00% of their portfolio MANSFIELD, OH 1,8931.9k $18.3k $18.3k 0.00% Unchanged
73 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 1,4001.4k $13.4k $13.4k 0.00% Unchanged
74 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 1,3581.4k $13.0k $13.0k 0.00% Unchanged
75 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1,2001.2k $11.6k $11.6k 0.00% Unchanged
76 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 1,1691.2k $11.3k $11.3k 0.00% Unchanged
77 Princeton Global Asset Management LLC 0.00% of their portfolio PRINCETON, NJ 900900 $8.7k $8.7k 0.00% Unchanged
78 WPG Advisers, LLC 0.00% of their portfolio BALTIMORE, MD 839839 $8.1k $8.1k 0.00% Unchanged
79 HIGHLINE WEALTH PARTNERS LLC 0.00% of their portfolio SHERMAN OAKS, CA 800800 $7.7k $7.7k 0.00% Unchanged
80 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 677677 $6.5k $6.5k 0.00% Added +298 +298
81 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 617617 $6.0k $6.0k 0.00% Reduced -290 -290
82 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 472472 $4.6k $4.6k 0.00% New
83 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 418418 $4.0k $4.0k 0.00% New
84 CoreFirst Bank & Trust 0.00% of their portfolio TOPEKA, KS 312312 $3.0k $3.0k 0.00% Unchanged
85 WHITTIER TRUST CO OF NEVADA INC 0.00% of their portfolio RENO, NV 306306 $2.9k $2.9k 0.00% Unchanged
86 Salomon & Ludwin, LLC 0.00% of their portfolio RICHMOND, VA 112112 $1.1k $1.1k 0.00% Unchanged
87 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 6666 $638 $638 0.00% Reduced -50 -50
88 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $10 $10 0.00% Unchanged
89 BlackRock, Inc. 0.00% of their portfolio New York, NY 11 $8 $8 0.00% Reduced -295 -295