FIRST TR HIGH YIELD OPPRT 20 FTHY
COM · Closed-End Fund · CUSIP 33741Q107
75
institutional holders
+1 vs Q1 2023
13.8m
shares reported held*
$189.8mreported value*
6 new
29 added
26 reduced
6 sold out
net bought ≈ $2.5m (+269.5k 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 ≈ $13.71.
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 62 |
| Q4 2022 | 81 |
| Q1 2023 | 74 |
| Q2 2023 | 75 |
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 |
| Q2 2023 | 35 | 32 |
Biggest buyers
| Integrated Wealth Concepts LLC | Added | +160.8k |
| SIT INVESTMENT ASSOCIATES INC | Added | +119.1k |
| KENNEDY INVESTMENT GROUP, INC. | Added | +104.1k |
| D.A. DAVIDSON & CO. | Added | +101.0k |
| Apollon Wealth Management, LLC | New | +94.9k |
| WORLD EQUITY GROUP, INC. | Added | +84.5k |
| Atlas Wealth LLC | Added | +75.8k |
| Penserra Capital Management LLC | Added | +33.1k |
| Bulldog Investors, LLP | New | +30.5k |
| AQR Arbitrage LLC | Added | +29.8k |
Biggest sellers
| Relative Value Partners Group, LLC | Reduced | -229.6k |
| MORGAN STANLEY | Reduced | -111.4k |
| Shaker Financial Services, LLC | Reduced | -102.5k |
| Logan Stone Capital, LLC | Reduced | -57.1k |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | Reduced | -53.3k |
| Almitas Capital LLC | Sold out | -44.3k |
| Saba Capital Management, L.P. | Reduced | -34.4k |
| Spire Wealth Management | Sold out | -19.2k |
| Weiss Asset Management LP | Sold out | -18.0k |
| KESTRA PRIVATE WEALTH SERVICES, LLC | Reduced | -15.1k |
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.
| 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.00% of their portfolio | 3.3m $45.6m | Reduced -111.4k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.97% of their portfolio | 1.4m $19.4m | Unchanged |
| KENNEDY INVESTMENT GROUP, INC. 8.23% of their portfolio | 1.0m $14.1m | Added +104.1k |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.73% of their portfolio | 872.4k $12.0m | Reduced -53.3k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.76% of their portfolio | 686.6k $9.4m | Added +25.9k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio | 645.0k $8.8m | Added +11.0k |
| Penserra Capital Management LLC 0.14% of their portfolio | 530.2k $7.2m | Added +33.1k |
| Arete Wealth Advisors, LLC 0.63% of their portfolio | 523.4k $7.2m | Added +8.1k |
| SIT INVESTMENT ASSOCIATES INC 0.14% of their portfolio | 377.9k $5.2m | Added +119.1k |
| D.A. DAVIDSON & CO. 0.05% of their portfolio | 366.8k $5.0m | Added +101.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 336.7k $4.6m | Added +17.9k |
| Integrated Wealth Concepts LLC 0.06% of their portfolio | 249.7k $3.4m | Added +160.8k |
| Saba Capital Management, L.P. 0.10% of their portfolio | 221.1k $3.0m | Reduced -34.4k |
| Bullseye Investment Management, LLC 2.16% of their portfolio | 216.0k $3.0m | Added +19.8k |
| 1607 Capital Partners, LLC 0.19% of their portfolio | 197.9k $2.7m | Unchanged |
| Kestra Advisory Services, LLC 0.03% of their portfolio | 196.3k $2.7m | Added +2.1k |
| Relative Value Partners Group, LLC 0.16% of their portfolio | 184.3k $2.5m | Reduced -229.6k |
| Private Advisory Group LLC 0.47% of their portfolio | 172.0k $2.4m | Reduced -1.2k |
| Logan Stone Capital, LLC 0.75% of their portfolio | 160.6k $2.2m | Reduced -57.1k |
| INDEPENDENT FINANCIAL GROUP, LLC 0.14% of their portfolio | 150.5k $2.1m | Added +2.0k |
| ADVENT CAPITAL MANAGEMENT /DE/ 0.04% of their portfolio | 150.0k $2.1m | Reduced -1.4k |
| WORLD EQUITY GROUP, INC. 0.57% of their portfolio | 142.0k $1.9m | Added +84.5k |
| TFB Advisors LLC 0.83% of their portfolio | 139.4k $1.9m | Added +11.9k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 127.3k $1.7m | Reduced -13.5k |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 117.0k $1.6m | Reduced -8.6k |
| Oder Investment Management, LLC 1.72% of their portfolio | 114.3k $1.6m | Added +725 |
| Atlas Wealth LLC 0.25% of their portfolio | 99.0k $1.4m | Added +75.8k |
| Apollon Wealth Management, LLC 0.06% of their portfolio | 94.9k $1.3m | New |
| LPL Financial LLC 0.00% of their portfolio | 70.1k $961.1k | Added +19.6k |
| OPPENHEIMER & CO INC 0.02% of their portfolio | 69.5k $954.2k | Added +24.7k |
| AQR Arbitrage LLC 0.03% of their portfolio | 57.8k $793.6k | Added +29.8k |
| WEDBUSH SECURITIES INC 0.04% of their portfolio | 54.9k $753.0k | Added +5.2k |
| Invesco Ltd. 0.00% of their portfolio | 50.7k $695.9k | Reduced -1.8k |
| THOROUGHBRED FINANCIAL SERVICES, LLC 0.09% of their portfolio | 50.0k $686.0k | Unchanged |
| Shaker Financial Services, LLC 0.29% of their portfolio | 48.8k $670.0k | Reduced -102.5k |
| Camelot Portfolios, LLC 0.40% of their portfolio | 46.5k $637.8k | Reduced -254 |
| Pekin Hardy Strauss, Inc. 0.09% of their portfolio | 41.6k $571.4k | Unchanged |
| CoreCap Advisors, LLC 0.04% of their portfolio | 36.2k $496.7k | First filing |
| Insight Advisors, LLC/ PA 0.10% of their portfolio | 33.9k $465.1k | Added +112 |
| Cetera Investment Advisers 0.00% of their portfolio | 31.1k $426.8k | Reduced -183 |
| Bulldog Investors, LLP 0.14% of their portfolio | 30.5k $418.1k | New |
| Matisse Capital 0.23% of their portfolio | 26.9k $368.8k | Unchanged |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 24.4k $335.0k | Reduced -4.0k |
| Prime Capital Investment Advisors, LLC 0.01% of their portfolio | 21.4k $293.7k | New |
| KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio | 21.3k $292.3k | Reduced -15.1k |
| UBS Group AG 0.00% of their portfolio | 20.4k $280.1k | Reduced -5.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 19.8k $272.3k | Unchanged |
| Atria Wealth Solutions, Inc. 0.00% of their portfolio | 19.8k $271.8k | Reduced -1.8k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 19.5k $267.1k | Reduced -1.3k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 18.5k $253.8k | Reduced -7.7k |
| Fortitude Advisory Group L.L.C. 0.17% of their portfolio | 16.7k $229.5k | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 16.6k $227.8k | Reduced -767 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 16.0k $219.1k | Reduced -334 |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 15.8k $217.1k | Added +2.9k |
| NovaPoint Capital, LLC 0.08% of their portfolio | 15.8k $216.5k | Unchanged |
| CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.01% of their portfolio | 13.5k $185.2k | New |
| WINTRUST INVESTMENTS LLC 0.02% of their portfolio | 12.2k $168.0k | Added +370 |
| Cresset Asset Management, LLC 0.00% of their portfolio | 11.8k $162.3k | New |
| Advisory Services Network, LLC 0.00% of their portfolio | 11.3k $154.9k | Added +5.1k |
| Kovack Advisors, Inc. 0.02% of their portfolio | 11.2k $153.7k | Reduced -9.0k |
| COLUMBIA ADVISORY PARTNERS LLC 0.16% of their portfolio | 11.0k $151.1k | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.01% of their portfolio | 9.5k $130.3k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 9.4k $129.0k | Reduced -1.1k |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 5.5k $74.8k | Reduced -4.8k |
| Sunbelt Securities, Inc. 0.01% of their portfolio | 3.5k $48.2k | Added +2.0k |
| WealthPLAN Partners, LLC 0.01% of their portfolio | 3.3k $45.1k | Reduced -964 |
| Geneos Wealth Management Inc. 0.00% of their portfolio | 2.8k $38.1k | Unchanged |
| Elequin Capital, LP 0.02% of their portfolio | 2.6k $36.3k | Added +435 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 2.1k $28.4k | Reduced -24 |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 1.7k $23.4k | Added +47 |
| IFP Advisors, Inc 0.00% of their portfolio | 1.5k $25.3k | Added +750 |
| Rise Advisors, LLC 0.01% of their portfolio | 1.1k $15.0k | Added +31 |
| US BANCORP \DE\ 0.00% of their portfolio | 500 $6.9k | New |
| Glass Jacobson Investment Advisors llc 0.00% of their portfolio | 380 $5.2k | First filing |
| Focused Wealth Management, Inc 0.00% of their portfolio | 300 $4.1k | Unchanged |