First Tr High Yield Opprt 20 (FTHY): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy First Tr High Yield Opprt 20 (FTHY) following the 2026 Q1 hedge fund 13F filings?

As of today, FTHY has moved +2.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.5% for the XLF sector ETF — an outperformance of -3.4%. Since the quarter end (March 31, 2026), FTHY gained +0.3% vs +9.2% 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.

First Tr High Yield Opprt 20 (FTHY)

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

Smart Money Signals — FTHY

Based on 89 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, 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.

🏔️

At the ownership peak (96% of max)

96% of all-time peak

89 hedge funds hold FTHY 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.

〰️

Stable — ownership unchanged year-over-year

fund count last 6Q

The number of hedge funds holding FTHY is almost the same as a year ago (+1 funds, +1% change). No significant rush to buy or sell — institutional backing is holding steady.

🟠

More sellers than buyers — 43% buying

37 buying50 selling

Last quarter: 50 funds reduced or exited vs 37 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.

⚠️

Fewer new buyers each quarter (-13 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 4 → 8 → 21 → 8. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.

🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 22% medium ■ 22% new

49 out of 89 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.

💎

Buying through price weakness — shares +2%, value -30%

Value

-29%

+2%

Last quarter: funds added +2% more shares while total portfolio value only changed -30%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

➡️

Steady discovery — ~8 new funds/quarter

11 → 4 → 8 → 21 → 8 new funds/Q

New funds entering each quarter: 4 → 8 → 21 → 8. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Veteran-anchored — 57% veterans vs 28% newcomers

■ 57% veterans ■ 15% 1-2yr ■ 28% new

Entry-cohort mix of 89 holders: 51 (57%) are 2+ year veterans, 13 entered 1–2 years ago, and 25 (28%) 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

7 of 89 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.

3.9

out of 10

Low Exit Risk

Exit risk score 3.9/10 — 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.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	88	93	-5.38%
13F Shares	16M	16M	2.17%
Total Value	$162M	$231M	-29.77%
New Positions	8	21	-13
Increased Positions	29	27	+2
Closed Positions	13	11	+2
Reduced Positions	37	38	-1
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

-5.38%

13F Shares

16M

2.17%

Total Value

$162M

$231M

-29.77%

New Positions

-13

Increased Positions

Closed Positions

Reduced Positions

-1

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

88 + 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:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 FTHY holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Kennedy Investment Group, INC.	6.21%	1,172,638	$15.9M
2	Winebrenner Capital Management LLC	1.72%	198,483	$2.7M
3	Oder Investment Management, LLC	1.56%	149,955	$2.0M
4	Logan Stone Capital, LLC	0.93%	248,792	$3.4M
5	Punch & Associates Investment Management, INC.	0.69%	886,745	$12.0M
6	Rivernorth Capital Management, LLC	0.69%	1,019,633	$13.8M
7	TFB Advisors LLC	0.67%	94,539	$1.3M
8	Almitas Capital LLC	0.51%	166,264	$2.2M
9	Noble Wealth Management PBC	0.50%	73,940	$1.0M
10	City of London Investment Management Co Ltd	0.47%	480,847	$6.5M
11	First Financial Group Corp	0.30%	27,125	$367K
12	Signature Equity Partners, LLC	0.23%	31,055	$420K
13	Narwhal Capital Management	0.20%	196,865	$2.7M
14	1607 Capital Partners, LLC	0.17%	176,198	$2.4M
15	Fortitude Advisory Group L.L.C.	0.13%	21,341	$289K
16	Pvg Asset Management Corp	0.13%	15,891	$214K
17	Private Advisory Group LLC	0.12%	140,478	$1.9M
18	Insight Advisors, LLC/ PA	0.12%	48,266	$653K
19	World Equity Group, INC.	0.11%	32,342	$438K
20	Transcend Capital Advisors, LLC	0.10%	95,177	$1.3M
21	Focused Alpha, LLC	0.10%	24,542	$332K
22	TrueMark Investments, LLC	0.09%	33,934	$459K
23	Magnus Financial Group LLC	0.08%	69,389	$939K
24	Huntleigh Advisors, Inc.	0.07%	30,803	$417K
25	Shaker Financial Services, LLC	0.07%	13,793	$187K

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 — 1 quarter in a row: For 1 consecutive quarter, 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?

More sellers than buyers — 43% buying: Last quarter: 50 funds reduced or exited vs 37 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 FTHY holders?

Strong quality — 37% AUM from major funds: 7 of 89 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?

55% of holders stayed for 2+ years: 49 out of 89 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.

Is it too late to buy First Tr High Yield Opprt 20 (FTHY) following the 2026 Q1 hedge fund 13F filings?

As of today, FTHY has moved +2.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.5% for the XLF sector ETF — an outperformance of -3.4%. Since the quarter end (March 31, 2026), FTHY has gained +0.3% vs +9.2% 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.

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First Tr High Yield Opprt 20 (FTHY)

Smart Money Signals — FTHY

Selling streak — 1 quarter in a row

At the ownership peak (96% of max)

Stable — ownership unchanged year-over-year

More sellers than buyers — 43% buying

Fewer new buyers each quarter (-13 vs last Q)

55% of holders stayed for 2+ years

Buying through price weakness — shares +2%, value -30%

Steady discovery — ~8 new funds/quarter

Veteran-anchored — 57% veterans vs 28% newcomers

Strong quality — 37% AUM from major funds

Institutional Sentiment Summary — FTHY

Hedge Fund Ownership: FTHY

Market Analysis: FTHY

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: FTHY

Is It Too Late to Buy First Tr High Yield Opprt 20 (FTHY) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: FTHY

Statistics: FTHY

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — First Tr High Yield Opprt 20 (FTHY)

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