Vault-13

FIRST TR HIGH YIELD OPPRT 20 FTHY

COM · Closed-End Fund · CUSIP 33741Q107

86 institutional holders -4 vs Q1 2025
15,944,20215.9m shares reported held*
$236.7mreported value*
4 new 29 added 35 reduced 7 sold out net bought ≈ $4.3m (+286.9k 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 ≈ $14.85.

Trends to Q2 2025

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: 8686Q3 22Q2 23Q1 24Q4 24Q2 25
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

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 23: 42 bought or addedQ3 23: 30 cut or sold outQ4 23: 42 bought or addedQ4 23: 42 cut or sold outQ4 23Q1 24: 42 bought or addedQ1 24: 45 cut or sold outQ2 24: 39 bought or addedQ2 24: 41 cut or sold outQ2 24Q3 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 25
Numbers
QuarterBought or addedCut or sold out
Q3 20234230
Q4 20234242
Q1 20244245
Q2 20243941
Q3 20243839
Q4 20244433
Q1 20254835
Q2 20253342

Biggest buyers

ROYAL BANK OF CANADA Added +716,037+716.0k
Narwhal Capital Management New +209,151+209.2k
MORGAN STANLEY Added +203,301+203.3k
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Added +129,100+129.1k
1607 Capital Partners, LLC Added +94,500+94.5k
SIT INVESTMENT ASSOCIATES INC Added +94,208+94.2k
Concurrent Investment Advisors, LLC Added +81,325+81.3k
Aurora Private Wealth, Inc. Added +35,461+35.5k
LPL Financial LLC Added +24,970+25.0k
TRANSCEND CAPITAL ADVISORS, LLC Added +20,176+20.2k

Biggest sellers

Huntleigh Advisors, Inc. Reduced -893,927-893.9k
Arete Wealth Advisors, LLC Reduced -178,349-178.3k
NewEdge Advisors, LLC Reduced -76,424-76.4k
WORLD EQUITY GROUP, INC. Reduced -42,610-42.6k
D.A. DAVIDSON & CO. Reduced -37,930-37.9k
THOROUGHBRED FINANCIAL SERVICES, LLC Sold out -31,500-31.5k
Shaker Financial Services, LLC Reduced -26,765-26.8k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -16,636-16.6k
N.E.W. Advisory Services LLC Sold out -16,582-16.6k
NorthCoast Asset Management LLC Reduced -13,555-13.6k

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 in Q2 2025

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
404Q3 23: 0 buyingQ3 23: 0 sellingQ4 23: 0 buyingQ4 23: 0 sellingQ4 23Q1 24: 1 buyingQ1 24: 0 sellingQ2 24: 3 buyingQ2 24: 0 sellingQ2 24Q3 24: 1 buyingQ3 24: 0 sellingQ4 24: 1 buyingQ4 24: 0 sellingQ4 24Q1 25: 1 buyingQ1 25: 0 sellingQ2 25: 1 buyingQ2 25: 0 sellingQ2 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20230—0——
Q4 20230—0——
Q1 20241$725.0k0——
Q2 20243$755.6k0——
Q3 20241$317.2k0——
Q4 20241$183.0k0——
Q1 20251$433.8k0——
Q2 20251$5.5k0——
DateInsiderTradeSharesPrice ValueTheir holding
2025-04-22 Dykas James M President, CEO Bought 400 $13.80 $5.5k400 shares new

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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,156,3483.2m $46.9m $46.9m 0.00% Added +203.3k +203,301
2 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,457,4521.5m $21.6m $21.6m 0.00% Added +716.0k +716,037
3 SIT INVESTMENT ASSOCIATES INC 0.44% of their portfolio Minneapolis, MN 1,401,6351.4m $20.8m $20.8m 0.44% Added +94.2k +94,208
4 KENNEDY INVESTMENT GROUP, INC. 7.29% of their portfolio WEST DEPTFORD, NJ 1,155,6331.2m $17.2m $17.2m 7.29% Added +2.7k +2,687
5 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.91% of their portfolio WEST PALM BEACH, FL 1,105,4681.1m $16.4m $16.4m 0.91% Added +19.6k +19,553
6 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 651,388651.4k $9.7m $9.7m 0.01% Reduced -16.6k -16,636
7 Huntleigh Advisors, Inc. 1.74% of their portfolio ST. LOUIS, MO 605,827605.8k $9.0m $9.0m 1.74% Reduced -893.9k -893,927
8 PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.51% of their portfolio EDINA, MN 558,705558.7k $8.3m $8.3m 0.51% Added +2.8k +2,807
9 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.68% of their portfolio London, X0 493,598493.6k $7.3m $7.3m 0.68% Added +129.1k +129,100
10 D.A. DAVIDSON & CO. 0.04% of their portfolio GREAT FALLS, MT 413,536413.5k $6.1m $6.1m 0.04% Reduced -37.9k -37,930
11 Penserra Capital Management LLC 0.08% of their portfolio ORINDA, CA 362,914362.9k $5.4m $5.4m 0.08% Added +10.7k +10,701
12 WINEBRENNER CAPITAL MANAGEMENT LLC 4.09% of their portfolio LOUISVILLE, KY 341,141341.1k $5.1m $5.1m 4.09% Added +1.6k +1,611
13 Arete Wealth Advisors, LLC 0.36% of their portfolio CHICAGO, IL 340,102340.1k $5.1m $5.1m 0.36% Reduced -178.3k -178,349
14 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 264,027264.0k $3.9m $3.9m 0.00% Added +25.0k +24,970
15 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 260,955261.0k $3.9m $3.9m 0.02% Reduced -76.4k -76,424
16 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 216,902216.9k $3.2m $3.2m 0.01% Reduced -6.9k -6,868
17 Narwhal Capital Management 0.25% of their portfolio MARIETTA, GA 209,151209.2k $3.1m $3.1m 0.25% New
18 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 164,432164.4k $2.4m $2.4m 0.01% Added +9.7k +9,655
19 Aurora Private Wealth, Inc. 1.81% of their portfolio ROCKAWAY, NJ 164,262164.3k $2.4m $2.4m 1.81% Added +35.5k +35,461
20 Oder Investment Management, LLC 1.76% of their portfolio WOODLAND HILLS, CA 156,767156.8k $2.3m $2.3m 1.76% Added +5.0k +4,963
21 1607 Capital Partners, LLC 0.18% of their portfolio Richmond, VA 152,682152.7k $2.3m $2.3m 0.18% Added +94.5k +94,500
22 Private Advisory Group LLC 0.20% of their portfolio REDMOND, WA 145,007145.0k $2.2m $2.2m 0.20% Reduced -525 -525
23 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 140,119140.1k $2.1m $2.1m 0.01% Reduced -5.2k -5,226
24 INDEPENDENT FINANCIAL GROUP, LLC 0.05% of their portfolio SAN DIEGO, CA 133,053133.1k $2.0m $2.0m 0.05% Reduced -9.1k -9,054
25 WEDBUSH SECURITIES INC 0.07% of their portfolio PASADENA, CA 126,984127.0k $1.9m $1.9m 0.07% Added +3.9k +3,939
26 TFB Advisors LLC 0.43% of their portfolio OVERLAND PARK, KS 110,636110.6k $1.6m $1.6m 0.43% Reduced -8 -8
27 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 109,946109.9k $1.6m $1.6m 0.02% Reduced -4.6k -4,623
28 Concurrent Investment Advisors, LLC 0.03% of their portfolio Tampa, FL 107,885107.9k $1.6m $1.6m 0.03% Added +81.3k +81,325
29 Shaker Financial Services, LLC 0.50% of their portfolio Arlington, VA 93,04393.0k $1.4m $1.4m 0.50% Reduced -26.8k -26,765
30 TRANSCEND CAPITAL ADVISORS, LLC 0.10% of their portfolio MADISON, NJ 85,29385.3k $1.3m $1.3m 0.10% Added +20.2k +20,176
31 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 82,32282.3k $1.2m $1.2m 0.00% Reduced -12.4k -12,431
32 OPPENHEIMER & CO INC 0.02% of their portfolio NEW YORK, NY 79,59279.6k $1.2m $1.2m 0.02% Reduced -84 -84
33 UBS Group AG 0.00% of their portfolio ZURICH, V8 74,31874.3k $1.1m $1.1m 0.00% Reduced -2.6k -2,628
34 Bullseye Investment Management, LLC 0.63% of their portfolio CINCINNATI, OH 72,04172.0k $1.0m $1.0m 0.63% Unchanged
35 NorthCoast Asset Management LLC 0.00% of their portfolio STAMFORD, CT 71,97172.0k $1.1m $1.1m 0.00% Reduced -13.6k -13,555
36 Insight Advisors, LLC/ PA 0.15% of their portfolio Newtown, PA 62,82562.8k $933.0k $933.0k 0.15% Added +3.6k +3,577
37 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 53,78253.8k $798.7k $798.7k 0.01% Reduced -7.6k -7,570
38 Magnus Financial Group LLC 0.07% of their portfolio NEW YORK, NY 51,82451.8k $769.6k $769.6k 0.07% Reduced -1.7k -1,711
39 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 50,12250.1k $744.3k $744.3k 0.00% Added +55 +55
40 BlueChip Wealth Advisors LLC 0.33% of their portfolio Milton, GA 49,19549.2k $730.5k $730.5k 0.33% Reduced -3.0k -3,000
41 WORLD EQUITY GROUP, INC. 0.19% of their portfolio SCHAUMBURG, IL 47,98348.0k $712.5k $712.5k 0.19% Reduced -42.6k -42,610
42 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 44,04444.0k $654.1k $654.1k 0.00% Added +1.2k +1,225
43 CoreCap Advisors, LLC 0.03% of their portfolio SOUTHFIELD, MI 42,70042.7k $634.1k $634.1k 0.03% Reduced -1.4k -1,358
44 Camelot Portfolios, LLC 0.34% of their portfolio Maumee, OH 38,04538.0k $565.0k $565.0k 0.34% Reduced -2.3k -2,345
45 First Financial Group Corp 0.42% of their portfolio RALEIGH, NC 28,75528.8k $427.0k $427.0k 0.42% Unchanged
46 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 27,77527.8k $406.1k $406.1k 0.01% Reduced -6.8k -6,797
47 PVG ASSET MANAGEMENT CORP 1.39% of their portfolio GOLDEN, CO 27,51527.5k $408.6k $408.6k 1.39% Unchanged
48 Apollon Wealth Management, LLC 0.01% of their portfolio MOUNT PLEASANT, SC 24,24924.2k $360.1k $360.1k 0.01% Added +541 +541
49 Balboa Wealth Partners 0.07% of their portfolio SCOTTSDALE, AZ 24,21124.2k $359.5k $359.5k 0.07% Unchanged
50 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 22,09322.1k $328.1k $328.1k 0.01% Reduced -2.0k -1,952
51 Fortitude Advisory Group L.L.C. 0.18% of their portfolio GIG HARBOR, WA 21,34121.3k $316.9k $316.9k 0.18% Unchanged
52 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 20,60920.6k $306.0k $306.0k 0.01% Reduced -344 -344
53 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 20,44020.4k $303.5k $303.5k 0.00% Added +3.9k +3,880
54 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 19,77919.8k $293.7k $293.7k 0.00% Added +4.3k +4,260
55 Consolidated Portfolio Review Corp 0.04% of their portfolio WOODBURY, NY 19,45419.5k $288.9k $288.9k 0.04% Reduced -345 -345
56 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio ORLANDO, FL 16,84916.8k $250.2k $250.2k 0.02% Added +577 +577
57 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 16,35516.4k $243.0k $243.0k 0.00% Reduced -2.0k -2,000
58 Perigon Wealth Management, LLC 0.01% of their portfolio SAN FRANCISCO, CA 15,96516.0k $237.1k $237.1k 0.01% Added +2.0k +2,000
59 CWM, LLC 0.00% of their portfolio OMAHA, NE 14,92814.9k $222.0k $222.0k 0.00% Unchanged
60 COMERICA BANK 0.00% of their portfolio DALLAS, TX 13,82013.8k $205.2k $205.2k 0.00% Reduced -952 -952
61 NovaPoint Capital, LLC 0.06% of their portfolio ATLANTA, GA 13,77513.8k $204.6k $204.6k 0.06% Unchanged
62 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 13,12813.1k $194.9k $194.9k 0.00% Reduced -1.8k -1,817
63 Stablepoint Partners, LLC 0.03% of their portfolio BRAINTREE, MA 11,75111.8k $174.5k $174.5k 0.03% Reduced -1.1k -1,139
64 DAYMARK WEALTH PARTNERS, LLC 0.01% of their portfolio CINCINNATI, OH 10,79610.8k $160.3k $160.3k 0.01% New
65 FULTON BREAKEFIELD BROENNIMAN LLC 0.01% of their portfolio Bethesda, MD 10,57010.6k $157.0k $157.0k 0.01% Unchanged
66 Future Financial Wealth Managment LLC 0.10% of their portfolio CINCINNATI, OH 9,4009.4k $139.6k $139.6k 0.10% Unchanged
67 Ameritas Advisory Services, LLC 0.01% of their portfolio Lincoln, NE 7,3927.4k $109.8k $109.8k 0.01% New
68 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 6,0736.1k $90.2k $90.2k 0.00% Added +5.0k +5,000
69 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 5,5015.5k $81.7k $81.7k 0.00% Added +5.5k +5,501
70 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 3,5153.5k $50.9k $50.9k 0.00% Reduced -12 -12
71 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2,7502.8k $40.8k $40.8k 0.00% Unchanged
72 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1,7781.8k $26.4k $26.4k 0.00% Reduced -480 -480
73 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 1,5001.5k $22.3k $22.3k 0.00% Unchanged
74 Financial Perspectives, Inc 0.01% of their portfolio MINNEAPOLIS, MN 1,3601.4k $20.2k $20.2k 0.01% Unchanged
75 Rise Advisors, LLC 0.01% of their portfolio ROCHESTER, NY 1,3591.4k $20.2k $20.2k 0.01% Added +35 +35
76 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 1,1811.2k $17.0k $17.0k 0.00% Unchanged
77 Colonial Trust Advisors 0.00% of their portfolio SPARTANBURG, SC 750750 $11.1k $11.1k 0.00% New
78 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 553553 $8.2k $8.2k 0.00% Unchanged
79 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 537537 $8.0k $8.0k 0.00% Reduced -632 -632
80 Glass Jacobson Investment Advisors llc 0.00% of their portfolio OWINGS MILLS, MD 405405 $6.0k $6.0k 0.00% Unchanged
81 Asset Dedication, LLC 0.00% of their portfolio SAN FRANCISCO, CA 107107 $1.6k $1.6k 0.00% Unchanged
82 WPG Advisers, LLC 0.00% of their portfolio BALTIMORE, MD 9191 $1.4k $1.4k 0.00% Reduced -29 -29
83 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio BLUE BELL, PA 7070 $1.0k $1.0k 0.00% Unchanged
84 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 4949 $726 $726 0.00% Added +1 +1
85 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 1818 $267 $267 0.00% Reduced -23 -23
86 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged