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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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35 hedge funds and large institutions have $57.6M invested in First Trust/abrdn Global Opportunity Income Fund in 2017 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 20 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% less funds holding

Funds holding: 40 → 35 (-5)

38% less capital invested

Capital invested by funds: $93.1M → $57.6M (-$35.5M)

50% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 6

70% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 20

Holders
35
Holders Change
-5
Holders Change %
-12.5%
% of All Funds
0.87%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
6
Reduced
20
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
+$857K
2
CRC
Curi RMB Capital
Illinois
+$556K
3
AG
Advisor Group
Arizona
+$305K
4
UFM
Ursa Fund Management
California
+$262K
5
WS
Wedbush Securities
California
+$218K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$19.8M
2
BI
Bulldog Investors
New Jersey
-$7.82M
3
SIA
Sit Investment Associates
Minnesota
-$3.06M
4
IA
Icon Advisers
Colorado
-$2.93M
5
RCM
Rivernorth Capital Management
Florida
-$831K
Name Holding Trade Value Shares
Change 		Change in
Stake
WAM
26
Wolverine Asset Management
Illinois
$192K -$96.7K -8,154 -33%
SCM
27
Saba Capital Management
New York
$188K -$188K -15,893 -50%
HPC
28
HM Payson & Co
Maine
$175K – – –
CCP
29
Clough Capital Partners
Massachusetts
$161K -$426K -35,968 -72%
RJFSA
30
Raymond James Financial Services Advisors
Florida
$161K – – –
Stifel Financial
31
Stifel Financial
Missouri
$132K -$498 -42 -0.4%
DA
32
Doliver Advisors
Texas
$126K -$13.1K -1,102 -9%
IA
33
IFP Advisors
Florida
$46K – – –
AIM
34
Advantage Investment Management
Iowa
$23K – – –
Creative Planning
35
Creative Planning
Kansas
$12K +$11.9K +1,007 New
BI
36
Bulldog Investors
New Jersey
– -$7.82M -672,929 Closed
IA
37
Icon Advisers
Colorado
– -$2.93M -252,038 Closed
LPL Financial
38
LPL Financial
California
– -$252K -21,746 Closed
GC
39
Guggenheim Capital
Illinois
– -$199K -17,173 Closed
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
– -$51K -4,400 Closed
TRCT
41
Tower Research Capital (TRC)
New York
– -$3K -280 Closed
1
2

FAM Hedge Fund Activity: Q2 2017 in Review

35 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q2 2017, worth a combined $57.6M — down 38% from $93.1M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of FAM and 3 opened new positions — a net loss of 3 holders — while 20 trimmed existing stakes and 6 added.

The largest buyer was Shaker Financial Services, adding an estimated $857K. The largest seller was Karpus Investment Management, cutting an estimated $19.8M.

  • 35 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q2 2017, down from 40 in Q1 2017.
  • Funds reported $57.6M of First Trust/abrdn Global Opportunity Income Fund stock for Q2 2017, down 38% quarter-over-quarter.
  • 3 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q2 2017 and 6 closed out, a net change of -3 holders.
  • The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q2 2017 was Shaker Financial Services, an estimated $857K added.
  • The largest First Trust/abrdn Global Opportunity Income Fund seller in Q2 2017 was Karpus Investment Management, an estimated $19.8M sold.

Based on aggregated 13F filings for Q2 2017.