First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
40 hedge funds and large institutions have $86.8M invested in First Trust/abrdn Global Opportunity Income Fund in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 17 reducing their positions, and 6 closing their positions.
7% more capital invested
Capital invested by funds: $81.5M → $86.8M (+$5.36M)
9% less funds holding
Funds holding: 44 → 40 (-4)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
53% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$4.17M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.73M |
| 3 |
CI
Cavalier Investments
Alpharetta,
Georgia
|
+$980K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$868K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$679K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$1.57M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.19M |
| 3 |
Morgan Stanley
New York
|
-$1.18M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$664K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$322K |
FAM Hedge Fund Activity: Q3 2016 in Review
40 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q3 2016, worth a combined $86.8M — up 6.6% from $81.5M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FAM and 3 opened new positions — a net loss of 3 holders — while 17 trimmed existing stakes and 8 added.
The largest buyer was Bulldog Investors, adding an estimated $4.17M. The largest seller was LPL Financial, cutting an estimated $1.57M.
- 40 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q3 2016, down from 44 in Q2 2016.
- Funds reported $86.8M of First Trust/abrdn Global Opportunity Income Fund stock for Q3 2016, up 6.6% quarter-over-quarter.
- 3 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q3 2016 and 6 closed out, a net change of -3 holders.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q3 2016 was Bulldog Investors, an estimated $4.17M added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q3 2016 was LPL Financial, an estimated $1.57M sold.
Based on aggregated 13F filings for Q3 2016.