Vault-13

FIRST TR HIGH YIELD OPPRT 20 FTHY

COM · Closed-End Fund · CUSIP 33741Q107

88 institutional holders +2 vs Q2 2025
14,938,24914.9m shares reported held*
$216.4mreported value*
8 new 30 added 29 reduced 5 sold out net sold ≈ $12.4m (-858.2k 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 ≈ $14.49.

Trends to Q3 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: 86Q3 25: 8888Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 202588

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 23: 42 bought or addedQ4 23: 42 cut or sold outQ1 24: 42 bought or addedQ1 24: 45 cut or sold outQ1 24Q2 24: 39 bought or addedQ2 24: 41 cut or sold outQ3 24: 38 bought or addedQ3 24: 39 cut or sold outQ3 24Q4 24: 44 bought or addedQ4 24: 33 cut or sold outQ1 25: 48 bought or addedQ1 25: 35 cut or sold outQ1 25Q2 25: 33 bought or addedQ2 25: 42 cut or sold outQ3 25: 38 bought or addedQ3 25: 34 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20234242
Q1 20244245
Q2 20243941
Q3 20243839
Q4 20244433
Q1 20254835
Q2 20253342
Q3 20253834

Biggest buyers

MORGAN STANLEY Added +163,241+163.2k
Penserra Capital Management LLC Added +78,094+78.1k
NewEdge Advisors, LLC Added +71,881+71.9k
SIT INVESTMENT ASSOCIATES INC Added +56,634+56.6k
WELLS FARGO & COMPANY/MN Added +34,685+34.7k
LPL Financial LLC Added +34,005+34.0k
TrueMark Investments, LLC New +31,414+31.4k
Sheets Smith Investment Management New +27,515+27.5k
Magnus Financial Group LLC Added +21,673+21.7k
Shaker Financial Services, LLC Added +18,307+18.3k

Biggest sellers

ROYAL BANK OF CANADA Reduced -761,337-761.3k
Huntleigh Advisors, Inc. Reduced -323,652-323.7k
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Reduced -74,034-74.0k
NorthCoast Asset Management LLC Sold out -71,971-72.0k
OSAIC HOLDINGS, INC. Reduced -43,577-43.6k
Camelot Portfolios, LLC Sold out -38,045-38.0k
D.A. DAVIDSON & CO. Reduced -31,439-31.4k
RIVERNORTH CAPITAL MANAGEMENT, LLC Reduced -29,782-29.8k
Kestra Advisory Services, LLC Reduced -17,628-17.6k
BlueChip Wealth Advisors LLC Reduced -14,389-14.4k

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.

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 Q3 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
404Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 1 buyingQ1 24: 0 sellingQ1 24Q2 24: 3 buyingQ2 24: 0 sellingQ3 24: 1 buyingQ3 24: 0 sellingQ3 24Q4 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 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
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——
Q3 20250—0——
DateInsiderTradeSharesPrice ValueTheir holding
2025-08-20 Ziets Kevin L PORTFOLIO MANAGER Bought 3,000 $14.60 $43.8k3.0k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,319,5893.3m $48.1m $48.1m 0.00% Added +163.2k +163,241
2 SIT INVESTMENT ASSOCIATES INC 0.43% of their portfolio Minneapolis, MN 1,458,2691.5m $21.1m $21.1m 0.43% Added +56.6k +56,634
3 KENNEDY INVESTMENT GROUP, INC. 6.73% of their portfolio WEST DEPTFORD, NJ 1,168,0851.2m $16.9m $16.9m 6.73% Added +12.5k +12,452
4 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.89% of their portfolio WEST PALM BEACH, FL 1,075,6861.1m $15.6m $15.6m 0.89% Reduced -29.8k -29,782
5 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 696,115696.1k $10.1m $10.1m 0.00% Reduced -761.3k -761,337
6 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 637,681637.7k $9.2m $9.2m 0.01% Reduced -13.7k -13,707
7 PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.47% of their portfolio EDINA, MN 556,742556.7k $8.1m $8.1m 0.47% Reduced -2.0k -1,963
8 Penserra Capital Management LLC 0.08% of their portfolio ORINDA, CA 441,008441.0k $6.4m $6.4m 0.08% Added +78.1k +78,094
9 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.45% of their portfolio London, X0 419,564419.6k $6.1m $6.1m 0.45% Reduced -74.0k -74,034
10 D.A. DAVIDSON & CO. 0.04% of their portfolio GREAT FALLS, MT 382,097382.1k $5.5m $5.5m 0.04% Reduced -31.4k -31,439
11 WINEBRENNER CAPITAL MANAGEMENT LLC 3.52% of their portfolio LOUISVILLE, KY 338,207338.2k $4.9m $4.9m 3.52% Reduced -2.9k -2,934
12 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 332,836332.8k $4.8m $4.8m 0.02% Added +71.9k +71,881
13 Arete Wealth Advisors, LLC 0.30% of their portfolio CHICAGO, IL 331,164331.2k $4.8m $4.8m 0.30% Reduced -8.9k -8,938
14 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 298,032298.0k $4.3m $4.3m 0.00% Added +34.0k +34,005
15 Huntleigh Advisors, Inc. 0.70% of their portfolio ST. LOUIS, MO 282,175282.2k $4.1m $4.1m 0.70% Reduced -323.7k -323,652
16 Narwhal Capital Management 0.24% of their portfolio MARIETTA, GA 222,614222.6k $3.2m $3.2m 0.24% Added +13.5k +13,463
17 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 175,926175.9k $2.5m $2.5m 0.01% Added +11.5k +11,494
18 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 173,325173.3k $2.5m $2.5m 0.00% Reduced -43.6k -43,577
19 Oder Investment Management, LLC 1.68% of their portfolio WOODLAND HILLS, CA 161,175161.2k $2.3m $2.3m 1.68% Added +4.4k +4,408
20 1607 Capital Partners, LLC 0.17% of their portfolio Richmond, VA 152,682152.7k $2.2m $2.2m 0.17% Unchanged
21 Private Advisory Group LLC 0.18% of their portfolio REDMOND, WA 145,001145.0k $2.1m $2.1m 0.18% Reduced -6 -6
22 WEDBUSH SECURITIES INC 0.06% of their portfolio PASADENA, CA 125,452125.5k $1.8m $1.8m 0.06% Reduced -1.5k -1,532
23 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 122,491122.5k $1.8m $1.8m 0.01% Reduced -17.6k -17,628
24 INDEPENDENT FINANCIAL GROUP, LLC 0.04% of their portfolio SAN DIEGO, CA 119,400119.4k $1.7m $1.7m 0.04% Reduced -13.7k -13,653
25 TFB Advisors LLC 0.46% of their portfolio OVERLAND PARK, KS 112,682112.7k $1.6m $1.6m 0.46% Added +2.0k +2,046
26 Shaker Financial Services, LLC 0.55% of their portfolio Arlington, VA 111,350111.3k $1.6m $1.6m 0.55% Added +18.3k +18,307
27 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 105,410105.4k $1.5m $1.5m 0.01% Reduced -4.5k -4,536
28 Concurrent Investment Advisors, LLC 0.03% of their portfolio Tampa, FL 100,586100.6k $1.5m $1.5m 0.03% Reduced -7.3k -7,299
29 TRANSCEND CAPITAL ADVISORS, LLC 0.09% of their portfolio MADISON, NJ 85,29385.3k $1.2m $1.2m 0.09% Unchanged
30 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 79,81979.8k $1.2m $1.2m 0.01% Added +227 +227
31 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 76,21576.2k $1.1m $1.1m 0.00% Reduced -6.1k -6,107
32 UBS Group AG 0.00% of their portfolio ZURICH, V8 75,69175.7k $1.1m $1.1m 0.00% Added +1.4k +1,373
33 Magnus Financial Group LLC 0.08% of their portfolio NEW YORK, NY 73,49773.5k $1.1m $1.1m 0.08% Added +21.7k +21,673
34 Bullseye Investment Management, LLC 0.63% of their portfolio CINCINNATI, OH 72,04172.0k $1.0m $1.0m 0.63% Unchanged
35 Insight Advisors, LLC/ PA 0.14% of their portfolio Newtown, PA 62,95763.0k $912.3k $912.3k 0.14% Added +132 +132
36 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 49,21549.2k $713.1k $713.1k 0.01% Reduced -4.6k -4,567
37 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 48,92948.9k $709.0k $709.0k 0.00% Reduced -1.2k -1,193
38 WORLD EQUITY GROUP, INC. 0.15% of their portfolio SCHAUMBURG, IL 44,08844.1k $638.8k $638.8k 0.15% Reduced -3.9k -3,895
39 CoreCap Advisors, LLC 0.02% of their portfolio SOUTHFIELD, MI 42,04142.0k $609.2k $609.2k 0.02% Reduced -659 -659
40 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 40,18640.2k $582.3k $582.3k 0.00% Added +34.7k +34,685
41 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 36,31636.3k $526.2k $526.2k 0.00% Added +15.9k +15,876
42 BlueChip Wealth Advisors LLC 0.22% of their portfolio Milton, GA 34,80634.8k $504.3k $504.3k 0.22% Reduced -14.4k -14,389
43 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 33,92733.9k $491.6k $491.6k 0.00% Reduced -10.1k -10,117
44 TrueMark Investments, LLC 0.08% of their portfolio CHICAGO, IL 31,41431.4k $455.2k $455.2k 0.08% New
45 First Financial Group Corp 0.36% of their portfolio RALEIGH, NC 28,75528.8k $416.7k $416.7k 0.36% Unchanged
46 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 27,82327.8k $403.2k $403.2k 0.01% Added +48 +48
47 PVG ASSET MANAGEMENT CORP 1.47% of their portfolio GOLDEN, CO 27,51527.5k $398.7k $398.7k 1.47% Unchanged
48 Sheets Smith Investment Management 0.26% of their portfolio HOUSTON, TX 27,51527.5k $398.7k $398.7k 0.26% New
49 Apollon Wealth Management, LLC 0.01% of their portfolio MOUNT PLEASANT, SC 24,58924.6k $356.3k $356.3k 0.01% Added +340 +340
50 Balboa Wealth Partners 0.06% of their portfolio SCOTTSDALE, AZ 24,21124.2k $350.8k $350.8k 0.06% Unchanged
51 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 22,69822.7k $328.9k $328.9k 0.00% Added +2.9k +2,919
52 Fortitude Advisory Group L.L.C. 0.17% of their portfolio GIG HARBOR, WA 21,34121.3k $309.2k $309.2k 0.17% Unchanged
53 Consolidated Portfolio Review Corp 0.04% of their portfolio WOODBURY, NY 19,45419.5k $281.9k $281.9k 0.04% Unchanged
54 Noble Wealth Management PBC 0.14% of their portfolio GREENWOOD VILLAGE, CO 18,79518.8k $272.3k $272.3k 0.14% First filing
55 Financial Gravity Asset Management, Inc. 0.05% of their portfolio Lakeway, TX 18,36318.4k $266.1k $266.1k 0.05% First filing
56 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 18,30018.3k $265.2k $265.2k 0.01% Reduced -3.8k -3,793
57 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio ORLANDO, FL 16,84916.8k $248.5k $248.5k 0.02% Unchanged
58 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 16,58716.6k $240.3k $240.3k 0.00% New
59 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 15,97516.0k $231.0k $231.0k 0.00% Reduced -380 -380
60 READYSTATE ASSET MANAGEMENT LP 0.01% of their portfolio CHICAGO, IL 15,16615.2k $219.8k $219.8k 0.01% New
61 Perigon Wealth Management, LLC 0.00% of their portfolio SAN FRANCISCO, CA 14,97315.0k $217.0k $217.0k 0.00% Reduced -992 -992
62 CWM, LLC 0.00% of their portfolio OMAHA, NE 14,92214.9k $216.0k $216.0k 0.00% Reduced -6 -6
63 COMERICA BANK 0.00% of their portfolio DALLAS, TX 13,81413.8k $200.2k $200.2k 0.00% Reduced -6 -6
64 NovaPoint Capital, LLC 0.05% of their portfolio ATLANTA, GA 13,77513.8k $199.6k $199.6k 0.05% Unchanged
65 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 12,43012.4k $180.1k $180.1k 0.00% New
66 Stablepoint Partners, LLC 0.03% of their portfolio BRAINTREE, MA 11,75111.8k $170.3k $170.3k 0.03% Unchanged
67 DAYMARK WEALTH PARTNERS, LLC 0.01% of their portfolio CINCINNATI, OH 10,88210.9k $157.7k $157.7k 0.01% Added +86 +86
68 FULTON BREAKEFIELD BROENNIMAN LLC 0.01% of their portfolio Bethesda, MD 10,57010.6k $153.2k $153.2k 0.01% Unchanged
69 Future Financial Wealth Managment LLC 0.09% of their portfolio CINCINNATI, OH 9,4009.4k $136.2k $136.2k 0.09% Unchanged
70 Ameritas Advisory Services, LLC 0.01% of their portfolio Lincoln, NE 7,4247.4k $107.6k $107.6k 0.01% Added +32 +32
71 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 3,5513.6k $51.5k $51.5k 0.00% Added +36 +36
72 Colonial Trust Advisors 0.00% of their portfolio SPARTANBURG, SC 3,0003.0k $43.5k $43.5k 0.00% Added +2.2k +2,250
73 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2,7502.8k $39.8k $39.8k 0.00% Unchanged
74 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 2,0002.0k $29.0k $29.0k 0.00% New
75 CX Institutional 0.00% of their portfolio AUBURN, IN 1,9662.0k $28.0k $28.0k 0.00% New
76 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1,7981.8k $26.0k $26.0k 0.00% Added +20 +20
77 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 1,5001.5k $21.7k $21.7k 0.00% Unchanged
78 Rise Advisors, LLC 0.01% of their portfolio ROCHESTER, NY 1,3941.4k $20.2k $20.2k 0.01% Added +35 +35
79 Financial Perspectives, Inc 0.01% of their portfolio MINNEAPOLIS, MN 1,3601.4k $19.7k $19.7k 0.01% Unchanged
80 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,0731.1k $15.5k $15.5k 0.00% Reduced -5.0k -5,000
81 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 906906 $13.1k $13.1k 0.00% Added +888 +888
82 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 553553 $8.0k $8.0k 0.00% Unchanged
83 Glass Jacobson Investment Advisors llc 0.00% of their portfolio OWINGS MILLS, MD 417417 $6.0k $6.0k 0.00% Added +12 +12
84 Asset Dedication, LLC 0.00% of their portfolio SAN FRANCISCO, CA 107107 $1.6k $1.6k 0.00% Unchanged
85 WPG Advisers, LLC 0.00% of their portfolio BALTIMORE, MD 9797 $1.4k $1.4k 0.00% Added +6 +6
86 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio BLUE BELL, PA 7070 $1.0k $1.0k 0.00% Unchanged
87 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 5050 $727 $727 0.00% Added +1 +1
88 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 11 $14 $14 0.00% New