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FAM

First Trust/abrdn Global Opportunity Income Fund
FAM

Delisted

FAM was delisted on the 20th of September, 2024.

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39 hedge funds and large institutions have $74.1M invested in First Trust/abrdn Global Opportunity Income Fund in 2016 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 18 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more capital invested

Capital invested by funds: $62.2M → $74.1M (+$11.9M)

20% less funds holding

Funds holding: 49 → 39 (-10)

33% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 18

83% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 12

Holders
39
Holders Change
-10
Holders Change %
-20.41%
% of All Funds
1.04%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
12
Reduced
18
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$8.36M
2
SIA
Sit Investment Associates
Minnesota
+$3.21M
3
RCM
Rivernorth Capital Management
Florida
+$995K
4
BI
Bulldog Investors
New Jersey
+$574K
5
SCM
Saba Capital Management
New York
+$325K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$2.48M
2
MC
Matisse Capital
Oregon
-$1.82M
3
AA
AQR Arbitrage
Connecticut
-$478K
4
GC
Guggenheim Capital
Illinois
-$476K
5
SG Americas Securities
SG Americas Securities
New York
-$367K
Name Holding Trade Value Shares
Change 		Change in
Stake
HK
26
Horizon Kinetics
New York
$161K +$1.01K +100 +0.7%
UBS Group
27
UBS Group
Switzerland
$158K +$4.05K +399 +3%
ICOA
28
Investment Centers of America
North Dakota
$158K +$28.2K +2,781 +24%
ICAS
29
Investors Capital Advisory Services
Massachusetts
$149K -$3.85K -380 -3%
AIG
30
American International Group
New York
$119K -$9.13K -900 -8%
PNC Financial Services Group
31
PNC Financial Services Group
Pennsylvania
$59K – – –
IA
32
IFP Advisors
Florida
$25K – – –
AIM
33
Advantage Investment Management
Iowa
$22K – – –
DADC
34
D.A. Davidson & Co
Montana
$21K – – –
MFS
35
MSI Financial Services
Massachusetts
$14K -$1.22K -120 -8%
AC
36
Alexandria Capital
Virginia
$11K +$10.1K +1,000 New
BFEC
37
Benjamin F. Edwards & Company
Missouri
$10K -$3.04K -300 -25%
Creative Planning
38
Creative Planning
Kansas
$4K -$21.5K -2,119 -87%
KA
39
Klingman & Associates
New York
$1K – – –
MC
40
Matisse Capital
Oregon
– -$1.82M -179,800 Closed
SG Americas Securities
41
SG Americas Securities
New York
– -$367K -36,232 Closed
WAM
42
Wolverine Asset Management
Illinois
– -$335K -33,118 Closed
PPA
43
Parametric Portfolio Associates
Washington
– -$206K -20,306 Closed
RTS
44
Round Table Services
New Jersey
– -$188K -18,600 Closed
WAM
45
Weiss Asset Management
Massachusetts
– -$161K -15,894 Closed
LCM
46
Landscape Capital Management
New Jersey
– -$145K -14,309 Closed
ST
47
Sentinel Trust
Texas
– -$114K -11,300 Closed
CFN
48
Cordasco Financial Network
Florida
– -$43K -4,235 Closed
Citigroup
49
Citigroup
New York
– -$5K -559 Closed
AIA
50
Allegis Investment Advisors
Idaho
– -$4K -346 Closed
1
2
3

FAM Hedge Fund Activity: Q1 2016 in Review

39 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q1 2016, worth a combined $74.1M — up 19% from $62.2M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of FAM and 2 opened new positions — a net loss of 10 holders — while 18 trimmed existing stakes and 12 added.

The largest buyer was Karpus Investment Management, adding an estimated $8.36M. The largest seller was Morgan Stanley, cutting an estimated $2.48M.

  • 39 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q1 2016, down from 49 in Q4 2015.
  • Funds reported $74.1M of First Trust/abrdn Global Opportunity Income Fund stock for Q1 2016, up 19% quarter-over-quarter.
  • 2 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q1 2016 and 12 closed out, a net change of -10 holders.
  • The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q1 2016 was Karpus Investment Management, an estimated $8.36M added.
  • The largest First Trust/abrdn Global Opportunity Income Fund seller in Q1 2016 was Morgan Stanley, an estimated $2.48M sold.

Based on aggregated 13F filings for Q1 2016.