Vault-13

FIRST TR HIGH YIELD OPPRT 20 FTHY

COM · Closed-End Fund · CUSIP 33741Q107

89 institutional holders -6 vs Q4 2025
16,225,54116.2m shares reported held*
$219.6mreported value*
7 new 28 added 39 reduced 11 sold out net bought ≈ $6.4m (+471.2k 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 ≈ $13.54.

Trends to Q1 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: 8989Q3 22Q3 23Q3 24Q3 25Q1 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

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 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 25Q4 25: 44 bought or addedQ4 25: 51 cut or sold outQ1 26: 35 bought or addedQ1 26: 50 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20243941
Q3 20243839
Q4 20244433
Q1 20254835
Q2 20253342
Q3 20253834
Q4 20254451
Q1 20263550

Biggest buyers

MORGAN STANLEY Added +375,015+375.0k
SIT INVESTMENT ASSOCIATES INC Added +362,441+362.4k
Almitas Capital LLC Added +110,938+110.9k
Penserra Capital Management LLC Added +89,529+89.5k
COHEN & STEERS, INC. New +65,000+65.0k
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Added +59,669+59.7k
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Added +53,763+53.8k
Narwhal Capital Management Added +41,882+41.9k
ROYAL BANK OF CANADA Added +27,126+27.1k
Logan Stone Capital, LLC Added +18,004+18.0k

Biggest sellers

Shaker Financial Services, LLC Reduced -123,335-123.3k
WINEBRENNER CAPITAL MANAGEMENT LLC Reduced -122,826-122.8k
OSAIC HOLDINGS, INC. Reduced -55,293-55.3k
WELLS FARGO & COMPANY/MN Reduced -39,000-39.0k
BlueChip Wealth Advisors LLC Sold out -38,850-38.9k
Noble Wealth Management PBC Reduced -34,514-34.5k
Concurrent Investment Advisors, LLC Reduced -29,392-29.4k
WOLVERINE ASSET MANAGEMENT LLC Sold out -28,955-29.0k
READYSTATE ASSET MANAGEMENT LP Sold out -28,623-28.6k
Arete Wealth Advisors, LLC Reduced -28,183-28.2k

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 Q1 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
404Q2 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 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20243$755.6k0——
Q3 20241$317.2k0——
Q4 20241$183.0k0——
Q1 20251$433.8k0——
Q2 20251$5.5k0——
Q3 20250—0——
Q4 20250—0——
Q1 20260—0——

None reported in Q1 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,301,1073.3m $44.7m $44.7m 0.00% Added +375.0k +375,015
2 SIT INVESTMENT ASSOCIATES INC 0.76% of their portfolio Minneapolis, MN 2,782,4122.8m $37.6m $37.6m 0.76% Added +362.4k +362,441
3 KENNEDY INVESTMENT GROUP, INC. 6.21% of their portfolio WEST DEPTFORD, NJ 1,172,6381.2m $15.9m $15.9m 6.21% Reduced -6.9k -6,947
4 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.69% of their portfolio WEST PALM BEACH, FL 1,019,6331.0m $13.8m $13.8m 0.69% Added +1.7k +1,728
5 PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.69% of their portfolio EDINA, MN 886,745886.7k $12.0m $12.0m 0.69% Added +59.7k +59,669
6 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 707,693707.7k $9.6m $9.6m 0.00% Added +27.1k +27,126
7 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 611,236611.2k $8.3m $8.3m 0.01% Reduced -18.6k -18,567
8 Penserra Capital Management LLC 0.09% of their portfolio ORINDA, CA 575,493575.5k $7.8m $7.8m 0.09% Added +89.5k +89,529
9 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.47% of their portfolio London, X0 480,847480.8k $6.5m $6.5m 0.47% Added +53.8k +53,763
10 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 328,304328.3k $4.4m $4.4m 0.00% Added +14.5k +14,512
11 D.A. DAVIDSON & CO. 0.03% of their portfolio GREAT FALLS, MT 325,719325.7k $4.4m $4.4m 0.03% Reduced -27.8k -27,797
12 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 291,934291.9k $3.9m $3.9m 0.01% Reduced -25.9k -25,851
13 Logan Stone Capital, LLC 0.93% of their portfolio CHICAGO, IL 248,792248.8k $3.4m $3.4m 0.93% Added +18.0k +18,004
14 WINEBRENNER CAPITAL MANAGEMENT LLC 1.72% of their portfolio LOUISVILLE, KY 198,483198.5k $2.7m $2.7m 1.72% Reduced -122.8k -122,826
15 Narwhal Capital Management 0.20% of their portfolio MARIETTA, GA 196,865196.9k $2.7m $2.7m 0.20% Added +41.9k +41,882
16 Aurora Private Wealth, Inc. 1.97% of their portfolio ROCKAWAY, NJ 196,255196.3k $2.8m $2.8m 1.97% Unchanged
17 1607 Capital Partners, LLC 0.17% of their portfolio Richmond, VA 176,198176.2k $2.4m $2.4m 0.17% Added +906 +906
18 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 175,859175.9k $2.4m $2.4m 0.01% Reduced -15.6k -15,639
19 Almitas Capital LLC 0.51% of their portfolio SANTA MONICA, CA 166,264166.3k $2.2m $2.2m 0.51% Added +110.9k +110,938
20 Oder Investment Management, LLC 1.56% of their portfolio WOODLAND HILLS, CA 149,955150.0k $2.0m $2.0m 1.56% Reduced -4.9k -4,906
21 Private Advisory Group LLC 0.13% of their portfolio REDMOND, WA 140,478140.5k $1.9m $1.9m 0.13% Reduced -339 -339
22 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 139,739139.7k $1.9m $1.9m 0.01% Added +15.3k +15,273
23 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 135,859135.9k $1.8m $1.8m 0.00% Reduced -55.3k -55,293
24 WEDBUSH SECURITIES INC 0.05% of their portfolio PASADENA, CA 114,510114.5k $1.5m $1.5m 0.05% Reduced -13.9k -13,911
25 INDEPENDENT FINANCIAL GROUP, LLC 0.03% of their portfolio SAN DIEGO, CA 112,501112.5k $1.5m $1.5m 0.03% Reduced -2.9k -2,914
26 TRANSCEND CAPITAL ADVISORS, LLC 0.10% of their portfolio MADISON, NJ 95,17795.2k $1.3m $1.3m 0.10% Unchanged
27 TFB Advisors LLC 0.67% of their portfolio OVERLAND PARK, KS 94,53994.5k $1.3m $1.3m 0.67% Reduced -5.3k -5,342
28 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 78,32778.3k $1.1m $1.1m 0.01% Reduced -16.4k -16,392
29 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 74,23874.2k $1.0m $1.0m 0.00% Added +215 +215
30 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 73,94173.9k $1.0m $1.0m 0.01% Added +1.3k +1,315
31 Noble Wealth Management PBC 0.51% of their portfolio GREENWOOD VILLAGE, CO 73,94073.9k $1.0m $1.0m 0.51% Reduced -34.5k -34,514
32 UBS Group AG 0.00% of their portfolio ZURICH, V8 73,84373.8k $999.1k $999.1k 0.00% Added +4.3k +4,330
33 Magnus Financial Group LLC 0.08% of their portfolio NEW YORK, NY 69,38969.4k $938.8k $938.8k 0.08% Reduced -14.0k -13,986
34 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 65,00065.0k $879.0k $879.0k 0.00% New
35 CSS LLC/IL 0.04% of their portfolio CHICAGO, IL 53,63053.6k $725.6k $725.6k 0.04% Added +9.4k +9,449
36 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 48,90648.9k $661.7k $661.7k 0.01% Reduced -770 -770
37 Insight Advisors, LLC/ PA 0.12% of their portfolio Newtown, PA 48,26648.3k $653.0k $653.0k 0.12% Reduced -7.1k -7,094
38 Arete Wealth Advisors, LLC 0.05% of their portfolio CHICAGO, IL 44,86344.9k $604.0k $604.0k 0.05% Reduced -28.2k -28,183
39 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 41,61641.6k $563.1k $563.1k 0.00% Reduced -763 -763
40 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 34,07134.1k $461.0k $461.0k 0.00% Reduced -603 -603
41 TrueMark Investments, LLC 0.09% of their portfolio CHICAGO, IL 33,93433.9k $459.1k $459.1k 0.09% Added +1.7k +1,728
42 WORLD EQUITY GROUP, INC. 0.11% of their portfolio SCHAUMBURG, IL 32,34232.3k $437.6k $437.6k 0.11% Reduced -6.6k -6,615
43 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 32,33432.3k $437.5k $437.5k 0.01% Reduced -3.2k -3,210
44 Signature Equity Partners, LLC 0.23% of their portfolio COLUMBUS, OH 31,05531.1k $420.2k $420.2k 0.23% Added +823 +823
45 Huntleigh Advisors, Inc. 0.07% of their portfolio ST. LOUIS, MO 30,80330.8k $416.8k $416.8k 0.07% Reduced -3.0k -3,027
46 First Financial Group Corp 0.30% of their portfolio RALEIGH, NC 27,12527.1k $367.0k $367.0k 0.30% Reduced -630 -630
47 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 26,57126.6k $359.5k $359.5k 0.00% Reduced -2.1k -2,124
48 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 26,07626.1k $352.8k $352.8k 0.00% Reduced -945 -945
49 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 25,28025.3k $342.0k $342.0k 0.00% Reduced -1.1k -1,050
50 FOCUSED ALPHA, LLC 0.10% of their portfolio DENVER, CO 24,54224.5k $332.1k $332.1k 0.10% Added +377 +377
51 Balboa Wealth Partners 0.05% of their portfolio SCOTTSDALE, AZ 23,56323.6k $318.8k $318.8k 0.05% Unchanged
52 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 21,78121.8k $294.7k $294.7k 0.00% Added +8 +8
53 Fortitude Advisory Group L.L.C. 0.13% of their portfolio GIG HARBOR, WA 21,34121.3k $288.7k $288.7k 0.13% Unchanged
54 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 19,00019.0k $257.1k $257.1k 0.01% Reduced -600 -600
55 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 18,72518.7k $253.0k $253.0k 0.00% Added +750 +750
56 Apollon Wealth Management, LLC 0.00% of their portfolio MOUNT PLEASANT, SC 17,87617.9k $241.9k $241.9k 0.00% Unchanged
57 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 17,51217.5k $236.9k $236.9k 0.00% Reduced -3.6k -3,566
58 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio ORLANDO, FL 16,44416.4k $220.8k $220.8k 0.02% Added +183 +183
59 PVG ASSET MANAGEMENT CORP 0.13% of their portfolio GOLDEN, CO 15,89115.9k $213.7k $213.7k 0.13% Reduced -10.7k -10,700
60 CWM, LLC 0.00% of their portfolio OMAHA, NE 14,92214.9k $201.9k $201.9k 0.00% Unchanged
61 DAYMARK WEALTH PARTNERS, LLC 0.01% of their portfolio CINCINNATI, OH 14,86614.9k $201.1k $201.1k 0.01% Added +4.0k +3,984
62 Shaker Financial Services, LLC 0.07% of their portfolio Arlington, VA 13,79313.8k $186.6k $186.6k 0.07% Reduced -123.3k -123,335
63 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 12,97213.0k $175.0k $175.0k 0.00% New
64 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 12,79012.8k $173.0k $173.0k 0.00% Reduced -29.4k -29,392
65 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 12,43012.4k $168.2k $168.2k 0.00% Unchanged
66 Stablepoint Partners, LLC 0.02% of their portfolio BRAINTREE, MA 11,23911.2k $152.1k $152.1k 0.02% Reduced -370 -370
67 Perigon Wealth Management, LLC 0.00% of their portfolio SAN FRANCISCO, CA 11,12411.1k $150.5k $150.5k 0.00% Unchanged
68 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 10,84010.8k $146.7k $146.7k 0.00% Reduced -12.5k -12,484
69 FULTON BREAKEFIELD BROENNIMAN LLC 0.01% of their portfolio Bethesda, MD 10,57010.6k $143.0k $143.0k 0.01% Unchanged
70 N.E.W. Advisory Services LLC 0.01% of their portfolio DE PERE, WI 8,3678.4k $113.2k $113.2k 0.01% Added +76 +76
71 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 6,6726.7k $90.3k $90.3k 0.00% New
72 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 3,5783.6k $48.4k $48.4k 0.00% Added +14 +14
73 Ascentis Independent Advisors 0.00% of their portfolio DALLAS, TX 2,3862.4k $32.3k $32.3k 0.00% New
74 CX Institutional 0.00% of their portfolio AUBURN, IN 2,0162.0k $27.0k $27.0k 0.00% Added +20 +20
75 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 1,5001.5k $20.3k $20.3k 0.00% Unchanged
76 Colonial Trust Advisors 0.00% of their portfolio SPARTANBURG, SC 1,5001.5k $20.3k $20.3k 0.00% Unchanged
77 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,0731.1k $14.5k $14.5k 0.00% Unchanged
78 Pinnacle Wealth Planning Services, Inc. 0.00% of their portfolio MANSFIELD, OH 1,0571.1k $14.3k $14.3k 0.00% Reduced -481 -481
79 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1,0001.0k $13.5k $13.5k 0.00% Unchanged
80 Financial Gravity Asset Management, Inc. 0.00% of their portfolio Lakeway, TX 776776 $10.5k $10.5k 0.00% Reduced -453 -453
81 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 718718 $9.7k $9.7k 0.00% New
82 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 714714 $9.7k $9.7k 0.00% Reduced -984 -984
83 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 553553 $7.5k $7.5k 0.00% Unchanged
84 Glass Jacobson Investment Advisors llc 0.00% of their portfolio OWINGS MILLS, MD 425425 $5.8k $5.8k 0.00% Unchanged
85 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio BLUE BELL, PA 7070 $947 $947 0.00% Reduced -550 -550
86 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 5353 $716 $716 0.00% Added +2 +2
87 WHITTIER TRUST CO OF NEVADA INC 0.00% of their portfolio RENO, NV 5252 $697 $697 0.00% New
88 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1313 $176 $176 0.00% Reduced -39.0k -39,000
89 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 1212 $162 $162 0.00% New