Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

First Tr Sr Fltg Rate Income (FCT)

85 + Investors. Track Smart Money conviction in FCT. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +2
Streak
2Q ▲
Buyers last Q
44%

Smart Money Signals — FCT

Based on 87 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added FCT than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
87 hedge funds hold FCT right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +21% more funds vs a year ago

fund count last 6Q
+15 new funds entered over the past year (+21% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟠

More sellers than buyers — 44% buying

33 buying42 selling
Last quarter: 42 funds reduced or exited vs 33 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~13 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 13 → 10 → 18 → 13. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

51% of holders stayed for 2+ years

■ 51% conviction (2yr+) ■ 26% medium ■ 23% new
44 out of 87 hedge funds have held FCT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

12 → 13 → 10 → 18 → 13 new funds/Q
New funds entering each quarter: 13 → 10 → 18 → 13. A growing number of institutions are discovering FCT each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 56% veterans vs 29% newcomers

■ 56% veterans ■ 15% 1-2yr ■ 29% new
Entry-cohort mix of 87 holders: 49 (56%) are 2+ year veterans, 13 entered 1–2 years ago, and 25 (29%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 44% AUM from top-100 funds

44% from top-100 AUM funds
10 of 87 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in FCT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — FCT

In 2026 Q1, 33 hedge funds were net buyers of FCT (13 opened a new position, 20 added to an existing one), while 42 reduced or exited (31 trimmed, 11 sold completely) — a 44% buyer ratio, indicating roughly balanced activity. Net buying has persisted for two consecutive quarters, a positive momentum signal. 44% of total institutional value in FCT is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 87.

Hedge Fund Ownership: FCT

How many hedge funds hold FCT — quarterly history vs. share price
Quarterly hedge fund ownership of FCT vs. share price

Market Analysis: FCT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FCT

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy First Tr Sr Fltg Rate Income (FCT) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FCT has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 78d ago
FCT
-0.5%
XLF
+1220.3%

FCT outperformed XLF by -1220.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
FCT
-1.7%
XLF
+4.8%

Since the filing became public, FCT outperformed XLF by -6.5% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

4 top-rated funds 0 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
0.3
/ 10
conviction
Hedge Fund Positioning: FCT
85 + Investors

Track Smart Money conviction in FCT. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 85 85 -
13F Shares 9M 10M -6.68%
Total Value $77M $96M -20.1%
New Positions 12 18 -6
Increased Positions 20 18 +2
Closed Positions 12 9 +3
Reduced Positions 31 27 +4
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FCT

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Financial Highlights

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Institutional Holders (2026 Q1)

85 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in FCT. Verified SEC 13F-HR filings.

QUARTER:
Top 25 FCT holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Almitas Capital LLC 0.83% 382,863 $3.7M
2 Logan Stone Capital, LLC 0.41% 153,708 $1.5M
3 Edgemoor Investment Advisors, Inc. 0.37% 487,589 $4.7M
4 Verity Asset Management, Inc. 0.28% 69,543 $670K
5 Genesis Financial Group, LLC 0.26% 43,114 $416K
6 Hourglass Capital, LLC 0.23% 113,800 $1.1M
7 Everstar Asset Management, LLC 0.21% 40,545 $391K
8 Yakira Capital Management, Inc. 0.14% 48,783 $470K
9 Virtus Investment Advisers, LLC 0.14% 51,545 $497K
10 Advisory Advocates, LLC 0.13% 12,600 $127K
11 Helium Advisors LLC 0.11% 12,404 $120K
12 Advisors Asset Management, Inc. 0.11% 693,692 $6.7M
13 1607 Capital Partners, LLC 0.07% 94,819 $914K
14 Strategic Financial Concepts, LLC 0.06% 26,400 $254K
15 Sunpointe, LLC 0.06% 17,697 $171K
16 Shufro Rose & Co LLC 0.05% 72,300 $697K
17 International Assets Investment Management, LLC 0.04% 53,039 $504K
18 WESCAP Management Group, Inc. 0.03% 18,111 $175K
19 Alteri Wealth LLC 0.03% 10,370 $100K
20 Apriem Advisors 0.02% 21,000 $202K
21 SeaCrest Wealth Management, LLC 0.02% 18,182 $175K
22 NWF Advisory Services Inc. 0.02% 15,537 $150K
23 Axiom Investment Management LLC 0.02% 2,210 $21K
24 Ethos Financial Group, LLC 0.02% 21,449 $216K
25 Guggenheim Capital LLC 0.02% 202,051 $1.9M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — First Tr Sr Fltg Rate Income (FCT)

What does the Smart Money Trend signal show for FCT?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added FCT than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for FCT?

More sellers than buyers — 44% buying: Last quarter: 42 funds reduced or exited vs 33 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for FCT holders?

Elite ownership — 44% AUM from top-100 funds: 10 of 87 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in FCT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held FCT?

51% of holders stayed for 2+ years: 44 out of 87 hedge funds have held FCT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy First Tr Sr Fltg Rate Income (FCT) following the 2026 Q1 hedge fund 13F filings?

As of today, FCT has moved -1.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of -6.5%. Since the quarter end (March 31, 2026), FCT has gained -0.5% vs +1220.3% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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