First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
28 hedge funds and large institutions have $45.5M invested in First Trust/abrdn Global Opportunity Income Fund in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 8 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
1% less capital invested
Capital invested by funds: $45.9M → $45.5M (-$355K)
13% less funds holding
Funds holding: 32 → 28 (-4)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.35M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$780K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$629K |
| 4 |
LPL Financial
San Diego,
California
|
+$485K |
| 5 |
B
Baird
Milwaukee,
Wisconsin
|
+$372K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$250K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$205K |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$200K |
| 4 |
CTC
Central Trust Company
Jefferson City,
Missouri
|
-$183K |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$166K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MFS
26
MSI Financial Services
Springfield,
Massachusetts
| $30K | – | – | – |
|
|
NFG
27
Next Financial Group
Houston,
Texas
| $1K | – | – | – |
|
|
PAG
28
Private Advisor Group
Morristown,
New Jersey
| – | -$250K | -17,048 | Closed |
|
|
SFS
29
Shaker Financial Services
Arlington,
Virginia
| – | -$205K | -13,997 | Closed |
|
|
CA
30
Cornerstone Advisors
Asheville,
North Carolina
| – | -$200K | -13,647 | Closed |
|
|
CTC
31
Central Trust Company
Jefferson City,
Missouri
| – | -$183K | -12,447 | Closed |
|
|
FAAS
32
First Allied Advisory Services
San Diego,
California
| – | -$166K | -11,394 | Closed |
|
|
AAM
33
Advisors Asset Management
Monument,
Colorado
| – | -$102K | -6,980 | Closed |
|
34
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$4K | -250 | Closed |
|
35
Citigroup
New York
| – | +$14 | +1 | New |
|
FAM Hedge Fund Activity: Q3 2014 in Review
28 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q3 2014, worth a combined $45.5M — down 0.77% from $45.9M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FAM and 4 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 11 added.
The largest buyer was Morgan Stanley, adding an estimated $1.35M. The largest seller was Private Advisor Group, exiting entirely with an estimated $250K sold.
- 28 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q3 2014, down from 32 in Q2 2014.
- Funds reported $45.5M of First Trust/abrdn Global Opportunity Income Fund stock for Q3 2014, down 0.77% quarter-over-quarter.
- 4 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q3 2014 and 8 closed out, a net change of -4 holders.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q3 2014 was Morgan Stanley, an estimated $1.35M added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q3 2014 was Private Advisor Group, an estimated $250K sold.
Based on aggregated 13F filings for Q3 2014.