Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

First Tr High Yield Opprt 20 (FTHY)

86 + Investors. Track Smart Money conviction in FTHY. 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
51%

Smart Money Signals — FTHY

Based on 87 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their FTHY positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
87 funds currently hold this stock — 93% of the 3.0-year high of 94 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +4% more funds vs a year ago

fund count last 6Q
+3 new funds entered over the past year (+4% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 51% buying

42 buying41 selling
Last quarter: 42 funds bought or added vs 41 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~12 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 8 → 22 → 8 → 12. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

53% of holders stayed for 2+ years

■ 53% conviction (2yr+) ■ 25% medium ■ 22% new
46 out of 87 hedge funds have held FTHY 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.
📊

Peak discovery — momentum slowing

4 → 8 → 22 → 8 → 12 new funds/Q
New funds entering each quarter: 8 → 22 → 8 → 12. FTHY is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 56% veterans vs 25% newcomers

■ 56% veterans ■ 18% 1-2yr ■ 25% new
Entry-cohort mix of 87 holders: 49 (56%) are 2+ year veterans, 16 entered 1–2 years ago, and 22 (25%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 37% AUM from major funds

37% from top-100 AUM funds
9 of 87 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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 — FTHY

In 2026 Q2, 42 hedge funds were net buyers of FTHY (12 opened a new position, 30 added to an existing one), while 41 reduced or exited (27 trimmed, 14 sold completely) — a 51% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 37% of total institutional value in FTHY is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 87.

Hedge Fund Ownership: FTHY

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

Market Analysis: FTHY

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FTHY

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
1.2
/ 10
conviction
Hedge Fund Positioning: FTHY
86 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 86 89 -3.37%
13F Shares 17M 16M 4.84%
Total Value $175M $162M 7.48%
New Positions 11 8 +3
Increased Positions 30 29 +1
Closed Positions 14 13 +1
Reduced Positions 27 38 -11
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FTHY

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Institutional Holders (2026 Q2)

86 + investors

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

QUARTER:
Top 25 FTHY holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Kennedy Investment Group, INC. 5.46% 1,173,970 $16.1M
2 Oder Investment Management, LLC 1.37% 149,001 $2.0M
3 Atlas Wealth LLC 1.18% 602,530 $8.3M
4 Winebrenner Capital Management LLC 1.02% 121,745 $1.7M
5 Logan Stone Capital, LLC 0.74% 257,142 $3.5M
6 Rivernorth Capital Management, LLC 0.67% 1,022,036 $14.0M
7 Punch & Associates Investment Management, INC. 0.66% 966,836 $13.2M
8 Almitas Capital LLC 0.65% 198,801 $2.7M
9 TFB Advisors LLC 0.57% 94,539 $1.3M
10 Noble Wealth Management PBC 0.42% 69,290 $949K
11 City of London Investment Management Co Ltd 0.41% 499,001 $6.8M
12 First Financial Group Corp 0.27% 27,125 $372K
13 BlueChip Wealth Advisors LLC 0.25% 48,350 $662K
14 Camelot Portfolios, LLC 0.23% 23,614 $324K
15 Signature Equity Partners, LLC 0.20% 31,917 $437K
16 1607 Capital Partners, LLC 0.13% 110,505 $1.5M
17 Pvg Asset Management Corp 0.13% 15,891 $218K
18 Insight Advisors, LLC/ PA 0.12% 48,135 $659K
19 Private Advisory Group LLC 0.10% 138,108 $1.9M
20 World Equity Group, INC. 0.10% 30,972 $424K
21 Bullseye Investment Management, LLC 0.09% 13,690 $188K
22 Transcend Capital Advisors, LLC 0.09% 97,677 $1.3M
23 Focused Alpha, LLC 0.09% 24,938 $342K
24 Advisory Solutions Group, LLC 0.06% 13,968 $191K
25 Magnus Financial Group LLC 0.06% 64,489 $884K
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 High Yield Opprt 20 (FTHY)

What does the Smart Money Trend signal show for FTHY?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their FTHY positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for FTHY?

Slight buying edge — 51% buying: Last quarter: 42 funds bought or added vs 41 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for FTHY holders?

Strong quality — 37% AUM from major funds: 9 of 87 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held FTHY?

53% of holders stayed for 2+ years: 46 out of 87 hedge funds have held FTHY 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.

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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