FIRST TR HIGH YIELD OPPRT 20 FTHY
COM · Closed-End Fund · CUSIP 33741Q107
74
institutional holders
-7 vs Q4 2022
13.6m
shares reported held*
$191.2mreported value*
10 new
32 added
24 reduced
14 sold out
net bought ≈ $1.6m (+28.4k 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 ≈ $14.03.
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 62 |
| Q4 2022 | 81 |
| Q1 2023 | 74 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 42 | 32 |
| Q1 2023 | 42 | 38 |
Biggest buyers
| Relative Value Partners Group, LLC | Added | +185.7k |
| ADVENT CAPITAL MANAGEMENT /DE/ | New | +151.4k |
| Shaker Financial Services, LLC | Added | +119.1k |
| Bullseye Investment Management, LLC | Added | +110.5k |
| Arete Wealth Advisors, LLC | Added | +104.2k |
| MORGAN STANLEY | Added | +101.9k |
| KENNEDY INVESTMENT GROUP, INC. | Added | +80.0k |
| D.A. DAVIDSON & CO. | Added | +32.9k |
| AQR Arbitrage LLC | New | +28.0k |
| COMMONWEALTH EQUITY SERVICES, LLC | Added | +25.6k |
Biggest sellers
| Penserra Capital Management LLC | Reduced | -201.1k |
| Logan Stone Capital, LLC | Reduced | -110.2k |
| WOLVERINE ASSET MANAGEMENT LLC | Reduced | -101.8k |
| WORLD EQUITY GROUP, INC. | Reduced | -85.4k |
| AXXCESS WEALTH MANAGEMENT, LLC | Sold out | -83.8k |
| Matisse Capital | Reduced | -65.2k |
| HighTower Advisors, LLC | Sold out | -43.1k |
| Meteora Capital, LLC | Sold out | -39.1k |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | Reduced | -38.7k |
| Ameritas Advisory Services, LLC | Reduced | -38.4k |
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.
| Holder | Stake |
|---|---|
| MORGAN STANLEY 13G · institution +1.3 pts · filed 2026-05-12 | 8.9% |
| SIT INVESTMENT ASSOCIATES INC 13G · institution new · filed 2026-01-06 | 6.6% |
Insider purchases and sales in Q1 2023
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
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 1 | $354.8k | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
None reported in Q1 2023.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.01% of their portfolio | 3.4m $47.9m | Added +101.9k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.95% of their portfolio | 1.4m $19.7m | Reduced -473 |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.83% of their portfolio | 925.8k $12.9m | Reduced -38.7k |
| KENNEDY INVESTMENT GROUP, INC. 7.86% of their portfolio | 920.5k $12.8m | Added +80.0k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.71% of their portfolio | 660.6k $9.2m | Reduced -18.5k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio | 633.9k $8.8m | Added +25.6k |
| Arete Wealth Advisors, LLC 0.59% of their portfolio | 515.3k $7.2m | Added +104.2k |
| Penserra Capital Management LLC 0.14% of their portfolio | 497.2k $6.9m | Reduced -201.1k |
| Relative Value Partners Group, LLC 0.20% of their portfolio | 413.9k $5.8m | Added +185.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 318.7k $4.5m | Added +10.0k |
| D.A. DAVIDSON & CO. 0.04% of their portfolio | 265.8k $3.7m | Added +32.9k |
| SIT INVESTMENT ASSOCIATES INC 0.10% of their portfolio | 258.8k $3.6m | Added +13.7k |
| Saba Capital Management, L.P. 0.09% of their portfolio | 255.5k $3.6m | Reduced -12.0k |
| Logan Stone Capital, LLC 1.10% of their portfolio | 217.7k $2.8m | Reduced -110.2k |
| 1607 Capital Partners, LLC 0.19% of their portfolio | 197.9k $2.8m | Unchanged |
| Bullseye Investment Management, LLC 2.00% of their portfolio | 196.1k $2.7m | Added +110.5k |
| Kestra Advisory Services, LLC 0.03% of their portfolio | 194.2k $2.7m | Added +17.7k |
| Private Advisory Group LLC 0.51% of their portfolio | 173.2k $2.4m | Reduced -600 |
| ADVENT CAPITAL MANAGEMENT /DE/ 0.04% of their portfolio | 151.4k $2.1m | New |
| Shaker Financial Services, LLC 0.92% of their portfolio | 151.3k $2.1m | Added +119.1k |
| INDEPENDENT FINANCIAL GROUP, LLC 0.17% of their portfolio | 148.5k $2.1m | Added +2.2k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 140.8k $1.9m | Reduced -1.4k |
| TFB Advisors LLC 1.35% of their portfolio | 127.5k $1.8m | Added +5.3k |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 125.7k $1.8m | Reduced -11.7k |
| Oder Investment Management, LLC 1.85% of their portfolio | 113.6k $1.6m | Added +8.9k |
| Catalyst Wealth Management, LLC 1.26% of their portfolio | 96.0k $1.3m | Reduced -13.4k |
| Integrated Wealth Concepts LLC 0.03% of their portfolio | 88.9k $1.2m | Added +306 |
| WORLD EQUITY GROUP, INC. 0.31% of their portfolio | 57.5k $2.1m | Reduced -85.4k |
| Invesco Ltd. 0.00% of their portfolio | 52.5k $732.9k | Added +24.4k |
| LPL Financial LLC 0.00% of their portfolio | 50.4k $703.8k | Added +1.3k |
| THOROUGHBRED FINANCIAL SERVICES, LLC 0.10% of their portfolio | 50.0k $698.0k | Unchanged |
| WEDBUSH SECURITIES INC 0.03% of their portfolio | 49.7k $693.0k | Added +6.1k |
| Camelot Portfolios, LLC 0.45% of their portfolio | 46.7k $652.5k | Added +17.1k |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 44.9k $626.1k | Added +8.3k |
| Almitas Capital LLC 0.30% of their portfolio | 44.3k $618.3k | Reduced -26.8k |
| Pekin Hardy Strauss, Inc. 0.09% of their portfolio | 41.6k $581.4k | Added +4.7k |
| KESTRA PRIVATE WEALTH SERVICES, LLC 0.02% of their portfolio | 36.4k $507.9k | Reduced -35.2k |
| Insight Advisors, LLC/ PA 0.11% of their portfolio | 33.8k $471.7k | Added +18.0k |
| Cetera Investment Advisers 0.00% of their portfolio | 31.3k $436.8k | Added +14.8k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 28.4k $396.0k | Added +2.4k |
| AQR Arbitrage LLC 0.01% of their portfolio | 28.0k $391.1k | New |
| Matisse Capital 0.24% of their portfolio | 26.9k $375.2k | Reduced -65.2k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 26.2k $366.1k | Added +7.0k |
| UBS Group AG 0.00% of their portfolio | 26.2k $365.1k | Added +5.0k |
| Atlas Wealth LLC 0.06% of their portfolio | 23.2k $324.0k | New |
| Atria Wealth Solutions, Inc. 0.00% of their portfolio | 21.6k $301.9k | Added +1.6k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 20.8k $290.0k | Added +2.0k |
| Kovack Advisors, Inc. 0.04% of their portfolio | 20.2k $282.0k | Added +500 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 19.8k $277.0k | Unchanged |
| Spire Wealth Management 0.01% of their portfolio | 19.2k $268.0k | New |
| Weiss Asset Management LP 0.02% of their portfolio | 18.0k $251.7k | New |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 17.4k $242.5k | Reduced -34.3k |
| Fortitude Advisory Group L.L.C. 0.18% of their portfolio | 16.7k $233.5k | Unchanged |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 16.3k $227.6k | Reduced -29.1k |
| NovaPoint Capital, LLC 0.09% of their portfolio | 15.8k $220.3k | Reduced -155 |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 13.0k $180.8k | Reduced -1.2k |
| WINTRUST INVESTMENTS LLC 0.02% of their portfolio | 11.8k $165.0k | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 11.4k $160.0k | New |
| Ameritas Advisory Services, LLC 0.01% of their portfolio | 11.3k $157.4k | Reduced -38.4k |
| COLUMBIA ADVISORY PARTNERS LLC 0.15% of their portfolio | 11.0k $153.8k | Reduced -4.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 10.5k $145.9k | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 10.3k $143.6k | Reduced -101.8k |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.01% of their portfolio | 9.5k $132.6k | Unchanged |
| Advisory Services Network, LLC 0.00% of their portfolio | 6.2k $86.5k | Reduced -14.0k |
| WealthPLAN Partners, LLC 0.01% of their portfolio | 4.3k $59.4k | New |
| Geneos Wealth Management Inc. 0.00% of their portfolio | 2.8k $38.8k | Unchanged |
| Elequin Capital, LP 0.02% of their portfolio | 2.2k $30.9k | Reduced -31.5k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 2.1k $29.3k | Added +1.0k |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 1.7k $23.1k | Added +15 |
| Sunbelt Securities, Inc. 0.00% of their portfolio | 1.5k $20.9k | New |
| Rise Advisors, LLC 0.01% of their portfolio | 1.1k $14.9k | Added +28 |
| IFP Advisors, Inc 0.00% of their portfolio | 750 $15.0k | Reduced -750 |
| Focused Wealth Management, Inc 0.00% of their portfolio | 300 $4.2k | Unchanged |
| HUNTINGTON NATIONAL BANK 0.00% of their portfolio | 257 $3.6k | New |