First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
33 hedge funds and large institutions have $54.9M invested in First Trust/abrdn Global Opportunity Income Fund in 2017 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 13 reducing their positions, and 5 closing their positions.
5% less capital invested
Capital invested by funds: $57.6M → $54.9M (-$2.69M)
6% less funds holding
Funds holding: 35 → 33 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
46% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.98M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.28M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$558K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$423K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$190K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.76M |
| 2 |
CI
Cavalier Investments
Alpharetta,
Georgia
|
-$979K |
| 3 |
WS
Wedbush Securities
Los Angeles,
California
|
-$926K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$465K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$402K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SCM
26
Saba Capital Management
New York
| $190K | – | – | – |
|
|
HPC
27
HM Payson & Co
Portland,
Maine
| $177K | – | – | – |
|
|
RJFSA
28
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| $162K | – | – | – |
|
|
IA
29
IFP Advisors
Tampa,
Florida
| $47K | – | – | – |
|
|
TJHA
30
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $40K | +$39.9K | +3,396 | New |
|
|
AIM
31
Advantage Investment Management
Cedar Rapids,
Iowa
| $24K | – | – | – |
|
|
PCM
32
Penserra Capital Management
Orinda,
California
| $2K | +$2.68K | +228 | New |
|
|
CI
33
Cavalier Investments
Alpharetta,
Georgia
| – | -$979K | -84,037 | Closed |
|
|
UFM
34
Ursa Fund Management
Danville,
California
| – | -$257K | -22,079 | Closed |
|
|
CCP
35
Clough Capital Partners
Boston,
Massachusetts
| – | -$161K | -13,838 | Closed |
|
36
Stifel Financial
St. Louis,
Missouri
| – | -$132K | -11,316 | Closed |
|
37
Creative Planning
Overland Park,
Kansas
| – | -$12K | -1,007 | Closed |
|
38
Citigroup
New York
| – | +$211 | +18 | New |
|
FAM Hedge Fund Activity: Q3 2017 in Review
33 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q3 2017, worth a combined $54.9M — down 4.7% from $57.6M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FAM and 3 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 7 added.
The largest buyer was Curi RMB Capital, adding an estimated $1.98M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.76M.
- 33 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q3 2017, down from 35 in Q2 2017.
- Funds reported $54.9M of First Trust/abrdn Global Opportunity Income Fund stock for Q3 2017, down 4.7% quarter-over-quarter.
- 3 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q3 2017 and 5 closed out, a net change of -2 holders.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q3 2017 was Curi RMB Capital, an estimated $1.98M added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q3 2017 was Rivernorth Capital Management, an estimated $3.76M sold.
Based on aggregated 13F filings for Q3 2017.