Vault-13

FIRST TR HIGH YIELD OPPRT 20 FTHY

COM · Closed-End Fund · CUSIP 33741Q107

87 institutional holders -2 vs Q1 2026
17,150,80617.2m shares reported held*
$235.0mreported value*
7 new 30 added 29 reduced 9 sold out net bought ≈ $12.7m (+927.5k 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 ≈ $13.70.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 62Q4 22: 81Q1 23: 74Q2 23: 75Q3 23: 80Q4 23: 84Q1 24: 80Q2 24: 81Q3 24: 81Q4 24: 89Q1 25: 90Q2 25: 86Q3 25: 88Q4 25: 95Q1 26: 89Q2 26: 8787Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202262
Q4 202281
Q1 202374
Q2 202375
Q3 202380
Q4 202384
Q1 202480
Q2 202481
Q3 202481
Q4 202489
Q1 202590
Q2 202586
Q3 202588
Q4 202595
Q1 202689
Q2 202687

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 24: 38 bought or addedQ3 24: 39 cut or sold outQ4 24: 44 bought or addedQ4 24: 33 cut or sold outQ4 24Q1 25: 48 bought or addedQ1 25: 35 cut or sold outQ2 25: 33 bought or addedQ2 25: 42 cut or sold outQ2 25Q3 25: 38 bought or addedQ3 25: 34 cut or sold outQ4 25: 44 bought or addedQ4 25: 51 cut or sold outQ4 25Q1 26: 35 bought or addedQ1 26: 50 cut or sold outQ2 26: 37 bought or addedQ2 26: 38 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20243839
Q4 20244433
Q1 20254835
Q2 20253342
Q3 20253834
Q4 20254451
Q1 20263550
Q2 20263738

Biggest buyers

Atlas Wealth LLC New +602,530+602.5k
SIT INVESTMENT ASSOCIATES INC Added +470,293+470.3k
JANE STREET GROUP, LLC New +128,560+128.6k
MORGAN STANLEY Added +116,125+116.1k
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Added +80,091+80.1k
Integrated Wealth Concepts LLC Added +68,507+68.5k
BlueChip Wealth Advisors LLC New +48,350+48.4k
LPL Financial LLC Added +37,511+37.5k
Almitas Capital LLC Added +32,537+32.5k
Advisory Services Network, LLC Added +29,576+29.6k

Biggest sellers

NewEdge Advisors, LLC Sold out -291,934-291.9k
Narwhal Capital Management Sold out -196,865-196.9k
WINEBRENNER CAPITAL MANAGEMENT LLC Reduced -76,738-76.7k
1607 Capital Partners, LLC Reduced -65,693-65.7k
Cambridge Investment Research Advisors, Inc. Reduced -42,882-42.9k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -22,280-22.3k
Fortitude Advisory Group L.L.C. Sold out -21,341-21.3k
Orion Porfolio Solutions, LLC Sold out -17,512-17.5k
ROYAL BANK OF CANADA Reduced -16,466-16.5k
KESTRA PRIVATE WEALTH SERVICES, LLC Reduced -16,121-16.1k

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.

HolderStakeChangeShares Last filed
MORGAN STANLEY 13G · institution +1.3 pts · filed 2026-05-12 8.9% +1.3 pts 3.3m≈ $45.1m 2026-05-12
SIT INVESTMENT ASSOCIATES INC 13G · institution new · filed 2026-01-06 6.6% new 2.4m≈ $33.2m 2026-01-06

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q4 24: 1 buyingQ4 24: 0 sellingQ1 25: 1 buyingQ1 25: 0 sellingQ1 25Q2 25: 1 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26Q2 26: 0 buyingQ2 26: 0 sellingQ3 26: 1 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20241$183.0k0——
Q1 20251$433.8k0——
Q2 20251$5.5k0——
Q3 20250—0——
Q4 20250—0——
Q1 20260—0——
Q2 20260—0——
Q3 20261$129.2k0——
DateInsiderTradeSharesPrice ValueTheir holding
2026-09-28 HOUSEY WILLIAM A JR Officer of Advisor, Port. Mgr. Bought 2,500 $12.87 $32.2k2.5k shares +11%
2026-09-25 MCGAREL DAVID Officer-Investment Adviser Bought 10,000 $12.92 $129.2k10.0k shares +71%
2026-09-24 HOUSEY WILLIAM A JR Officer of Advisor, Port. Mgr. Bought 5,000 $12.90 $64.5k5.0k shares +30%
2026-09-23 HOUSEY WILLIAM A JR Officer of Advisor, Port. Mgr. Bought 5,241 $12.95 $67.9k5.2k shares +45%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,417,2323.4m $46.8m $46.8m 0.00% Added +116.1k +116,125
2 SIT INVESTMENT ASSOCIATES INC 0.84% of their portfolio Minneapolis, MN 3,252,7053.3m $44.6m $44.6m 0.84% Added +470.3k +470,293
3 KENNEDY INVESTMENT GROUP, INC. 5.46% of their portfolio WEST DEPTFORD, NJ 1,173,9701.2m $16.1m $16.1m 5.46% Added +1.3k +1,332
4 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.67% of their portfolio WEST PALM BEACH, FL 1,022,0361.0m $14.0m $14.0m 0.67% Added +2.4k +2,403
5 PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.66% of their portfolio EDINA, MN 966,836966.8k $13.2m $13.2m 0.66% Added +80.1k +80,091
6 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 691,227691.2k $9.5m $9.5m 0.00% Reduced -16.5k -16,466
7 Atlas Wealth LLC 1.18% of their portfolio CINCINNATI, OH 602,530602.5k $8.3m $8.3m 1.18% New
8 Penserra Capital Management LLC 0.06% of their portfolio ORINDA, CA 598,309598.3k $8.2m $8.2m 0.06% Added +22.8k +22,816
9 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 588,956589.0k $8.1m $8.1m 0.01% Reduced -22.3k -22,280
10 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.41% of their portfolio London, X0 499,001499.0k $6.8m $6.8m 0.41% Added +18.2k +18,154
11 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 365,815365.8k $5.0m $5.0m 0.00% Added +37.5k +37,511
12 D.A. DAVIDSON & CO. 0.03% of their portfolio GREAT FALLS, MT 346,148346.1k $4.7m $4.7m 0.03% Added +20.4k +20,429
13 Logan Stone Capital, LLC 0.74% of their portfolio CHICAGO, IL 257,142257.1k $3.5m $3.5m 0.74% Added +8.3k +8,350
14 Almitas Capital LLC 0.65% of their portfolio SANTA MONICA, CA 198,801198.8k $2.7m $2.7m 0.65% Added +32.5k +32,537
15 Aurora Private Wealth, Inc. 1.64% of their portfolio ROCKAWAY, NJ 188,553188.6k $2.6m $2.6m 1.64% Reduced -7.7k -7,702
16 Oder Investment Management, LLC 1.37% of their portfolio WOODLAND HILLS, CA 149,001149.0k $2.0m $2.0m 1.37% Reduced -954 -954
17 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 146,834146.8k $2.0m $2.0m 0.01% Added +68.5k +68,507
18 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 142,825142.8k $2.0m $2.0m 0.00% Added +7.0k +6,966
19 Private Advisory Group LLC 0.11% of their portfolio REDMOND, WA 138,108138.1k $1.9m $1.9m 0.11% Reduced -2.4k -2,370
20 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 132,977133.0k $1.8m $1.8m 0.00% Reduced -42.9k -42,882
21 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 131,221131.2k $1.8m $1.8m 0.01% Reduced -8.5k -8,518
22 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 128,560128.6k $1.8m $1.8m 0.00% New
23 WINEBRENNER CAPITAL MANAGEMENT LLC 1.02% of their portfolio LOUISVILLE, KY 121,745121.7k $1.7m $1.7m 1.02% Reduced -76.7k -76,738
24 WEDBUSH SECURITIES INC 0.04% of their portfolio PASADENA, CA 121,486121.5k $1.7m $1.7m 0.04% Added +7.0k +6,976
25 1607 Capital Partners, LLC 0.13% of their portfolio Richmond, VA 110,505110.5k $1.5m $1.5m 0.13% Reduced -65.7k -65,693
26 INDEPENDENT FINANCIAL GROUP, LLC 0.03% of their portfolio SAN DIEGO, CA 110,389110.4k $1.5m $1.5m 0.03% Reduced -2.1k -2,112
27 TRANSCEND CAPITAL ADVISORS, LLC 0.09% of their portfolio MADISON, NJ 97,67797.7k $1.3m $1.3m 0.09% Added +2.5k +2,500
28 TFB Advisors LLC 0.57% of their portfolio OVERLAND PARK, KS 94,53994.5k $1.3m $1.3m 0.57% Unchanged
29 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 87,63387.6k $1.2m $1.2m 0.01% Added +13.7k +13,692
30 UBS Group AG 0.00% of their portfolio ZURICH, V8 71,69371.7k $982.2k $982.2k 0.00% Reduced -2.1k -2,150
31 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 70,69870.7k $968.6k $968.6k 0.00% Reduced -3.5k -3,540
32 Noble Wealth Management PBC 0.43% of their portfolio GREENWOOD VILLAGE, CO 69,29069.3k $949.3k $949.3k 0.43% Reduced -4.7k -4,650
33 CSS LLC/IL 0.04% of their portfolio CHICAGO, IL 67,90367.9k $930.3k $930.3k 0.04% Added +14.3k +14,273
34 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 65,00065.0k $891.0k $891.0k 0.00% Unchanged
35 Magnus Financial Group LLC 0.06% of their portfolio NEW YORK, NY 64,48964.5k $883.5k $883.5k 0.06% Reduced -4.9k -4,900
36 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 55,65255.7k $762.4k $762.4k 0.01% Added +29.6k +29,576
37 BlueChip Wealth Advisors LLC 0.25% of their portfolio Milton, GA 48,35048.4k $662.4k $662.4k 0.25% New
38 Insight Advisors, LLC/ PA 0.12% of their portfolio Newtown, PA 48,13548.1k $659.4k $659.4k 0.12% Reduced -131 -131
39 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 41,13641.1k $563.6k $563.6k 0.00% Reduced -480 -480
40 Arete Wealth Advisors, LLC 0.03% of their portfolio CHICAGO, IL 38,58138.6k $528.6k $528.6k 0.03% Reduced -6.3k -6,282
41 TrueMark Investments, LLC 0.06% of their portfolio CHICAGO, IL 36,33736.3k $497.8k $497.8k 0.06% Added +2.4k +2,403
42 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 34,36934.4k $470.9k $470.9k 0.00% Added +298 +298
43 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 32,78532.8k $449.1k $449.1k 0.00% Reduced -16.1k -16,121
44 Signature Equity Partners, LLC 0.20% of their portfolio COLUMBUS, OH 31,91731.9k $437.3k $437.3k 0.20% Added +862 +862
45 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 31,48431.5k $431.3k $431.3k 0.01% Reduced -850 -850
46 WORLD EQUITY GROUP, INC. 0.10% of their portfolio SCHAUMBURG, IL 30,97231.0k $424.3k $424.3k 0.10% Reduced -1.4k -1,370
47 First Financial Group Corp 0.27% of their portfolio RALEIGH, NC 27,12527.1k $371.6k $371.6k 0.27% Unchanged
48 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 24,95325.0k $341.9k $341.9k 0.00% Reduced -327 -327
49 FOCUSED ALPHA, LLC 0.09% of their portfolio DENVER, CO 24,93824.9k $341.7k $341.7k 0.09% Added +396 +396
50 Camelot Portfolios, LLC 0.23% of their portfolio Maumee, OH 23,61423.6k $323.5k $323.5k 0.23% New
51 Balboa Wealth Partners 0.04% of their portfolio SCOTTSDALE, AZ 23,56323.6k $322.8k $322.8k 0.04% Unchanged
52 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 22,70322.7k $311.0k $311.0k 0.00% Reduced -3.9k -3,868
53 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 21,75521.8k $298.1k $298.1k 0.00% Reduced -26 -26
54 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 19,12519.1k $262.0k $262.0k 0.00% Added +400 +400
55 Huntleigh Advisors, Inc. 0.04% of their portfolio ST. LOUIS, MO 18,95018.9k $259.6k $259.6k 0.04% Reduced -11.9k -11,853
56 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 18,56718.6k $254.0k $254.0k 0.00% Added +5.6k +5,595
57 Apollon Wealth Management, LLC 0.00% of their portfolio MOUNT PLEASANT, SC 17,52617.5k $240.1k $240.1k 0.00% Reduced -350 -350
58 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio ORLANDO, FL 16,63616.6k $226.4k $226.4k 0.01% Added +192 +192
59 PVG ASSET MANAGEMENT CORP 0.13% of their portfolio GOLDEN, CO 15,89115.9k $217.7k $217.7k 0.13% Unchanged
60 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 15,79015.8k $216.3k $216.3k 0.00% New
61 CreativeOne Wealth, LLC 0.00% of their portfolio OVERLAND PARK, KS 14,65014.7k $200.7k $200.7k 0.00% Reduced -4.3k -4,350
62 Advisory Solutions Group, LLC 0.07% of their portfolio PLYMOUTH, MN 13,96814.0k $191.4k $191.4k 0.07% First filing
63 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 13,47613.5k $184.6k $184.6k 0.00% Added +12.9k +12,923
64 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 12,43012.4k $170.3k $170.3k 0.00% Unchanged
65 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 11,75711.8k $161.1k $161.1k 0.00% New
66 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 11,50311.5k $157.6k $157.6k 0.00% New
67 Stablepoint Partners, LLC 0.02% of their portfolio BRAINTREE, MA 11,23911.2k $154.0k $154.0k 0.02% Unchanged
68 DAYMARK WEALTH PARTNERS, LLC 0.00% of their portfolio CINCINNATI, OH 10,88210.9k $149.1k $149.1k 0.00% Reduced -4.0k -3,984
69 FULTON BREAKEFIELD BROENNIMAN LLC 0.01% of their portfolio Bethesda, MD 10,57010.6k $144.8k $144.8k 0.01% Unchanged
70 N.E.W. Advisory Services LLC 0.01% of their portfolio DE PERE, WI 8,5988.6k $117.8k $117.8k 0.01% Added +231 +231
71 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 6,6656.7k $91.3k $91.3k 0.00% Reduced -7 -7
72 COMPASS FINANCIAL MANAGEMENT LLC 0.00% of their portfolio TAMPA, FL 1,7941.8k $24.3k $24.3k 0.00% First filing
73 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 1,5001.5k $20.6k $20.6k 0.00% Unchanged
74 Colonial Trust Advisors 0.00% of their portfolio SPARTANBURG, SC 1,5001.5k $20.6k $20.6k 0.00% Unchanged
75 Evelyn Partners Group Ltd 0.00% of their portfolio LONDON, X0 1,2501.2k $17.1k $17.1k 0.00% First filing
76 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,0731.1k $14.7k $14.7k 0.00% Unchanged
77 Pinnacle Wealth Planning Services, Inc. 0.00% of their portfolio MANSFIELD, OH 1,0571.1k $14.5k $14.5k 0.00% Unchanged
78 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1,0001.0k $13.7k $13.7k 0.00% Unchanged
79 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 739739 $10.1k $10.1k 0.00% Added +21 +21
80 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 714714 $9.8k $9.8k 0.00% Unchanged
81 CX Institutional 0.00% of their portfolio AUBURN, IN 640640 $9.0k $9.0k 0.00% Reduced -1.4k -1,376
82 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 500500 $6.8k $6.8k 0.00% Added +487 +487
83 Glass Jacobson Investment Advisors llc 0.00% of their portfolio OWINGS MILLS, MD 425425 $5.8k $5.8k 0.00% Unchanged
84 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio BLUE BELL, PA 7070 $959 $959 0.00% Unchanged
85 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 5454 $745 $745 0.00% Added +1 +1
86 WHITTIER TRUST CO OF NEVADA INC 0.00% of their portfolio RENO, NV 5252 $708 $708 0.00% Unchanged
87 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 1212 $164 $164 0.00% Unchanged