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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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45 hedge funds and large institutions have $59.4M invested in First Trust/abrdn Global Opportunity Income Fund in 2019 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 13

9% more capital invested

Capital invested by funds: $54.7M → $59.4M (+$4.73M)

4% less funds holding

Funds holding: 47 → 45 (-2)

25% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 8

Holders
45
Holders Change
-2
Holders Change %
-4.26%
% of All Funds
0.99%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
16
Reduced
13
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$4.43M
2
SIA
Sit Investment Associates
Minnesota
+$3.57M
3
RJFSA
Raymond James Financial Services Advisors
Florida
+$874K
4
AG
Advisor Group
Arizona
+$273K
5
SCM
Saba Capital Management
New York
+$250K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$3.91M
2
Invesco
Invesco
Georgia
-$809K
3
Cohen & Steers
Cohen & Steers
New York
-$737K
4
Morgan Stanley
Morgan Stanley
New York
-$404K
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$315K
Name Holding Trade Value Shares
Change 		Change in
Stake
CL
26
CSS LLC
Illinois
$212K – – –
WA
27
Winfield Associates
Ohio
$196K +$198K +18,605 New
NGA
28
Naples Global Advisors
Florida
$189K +$21.3K +2,000 +13%
DAS
29
Dynamic Advisor Solutions
Arizona
$182K +$25.6K +2,407 +16%
NL
30
NWAM LLC
Washington
$159K – – –
Ameriprise
31
Ameriprise
Minnesota
$158K +$159K +14,970 New
HPC
32
HM Payson & Co
Maine
$158K +$159K +15,000 New
FHA
33
First Horizon Advisors
Tennessee
$151K – – –
HighTower Advisors
34
HighTower Advisors
Illinois
$141K – – –
Fiera Capital (Canada)
35
Fiera Capital (Canada)
Quebec, Canada
$131K -$10.3K -968 -7%
RFN
36
RDA Financial Network
Iowa
$128K -$5.85K -550 -5%
PWA
37
Physician Wealth Advisors
Utah
$108K +$106K +10,000 New
FIA
38
FNY Investment Advisers
New York
$52K -$10.6K -1,000 -17%
AIM
39
Advantage Investment Management
Iowa
$21K – – –
RIA
40
Realta Investment Advisors
Delaware
$14K – – –
PB
41
Pinnacle Bancorp
Nebraska
$12K – – –
AIC
42
Ameritas Investment Company
Nebraska
$11K +$10.7K +1,006 New
GWM
43
Geneos Wealth Management
Colorado
$9K – – –
APA
44
American Portfolios Advisors
New York
$5.28K – – –
Fifth Third Bancorp
45
Fifth Third Bancorp
Ohio
$3K +$3.19K +300 New
Envestnet Asset Management
46
Envestnet Asset Management
Illinois
– -$315K -30,289 Closed
6M
47
6 Meridian
Kansas
– -$214K -20,550 Closed
Susquehanna International Group
48
Susquehanna International Group
Pennsylvania
– -$193K -18,555 Closed
AA
49
AQR Arbitrage
Connecticut
– -$126K -12,090 Closed
TC
50
TownSquare Capital
Utah
– -$110K -10,324 Closed
1
2
3

FAM Hedge Fund Activity: Q3 2019 in Review

45 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q3 2019, worth a combined $59.4M — up 8.7% from $54.7M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of FAM and 6 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 16 added.

The largest buyer was Karpus Investment Management, adding an estimated $4.43M. The largest seller was Wells Fargo, cutting an estimated $3.91M.

  • 45 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q3 2019, down from 47 in Q2 2019.
  • Funds reported $59.4M of First Trust/abrdn Global Opportunity Income Fund stock for Q3 2019, up 8.7% quarter-over-quarter.
  • 6 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q3 2019 and 8 closed out, a net change of -2 holders.
  • The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q3 2019 was Karpus Investment Management, an estimated $4.43M added.
  • The largest First Trust/abrdn Global Opportunity Income Fund seller in Q3 2019 was Wells Fargo, an estimated $3.91M sold.

Based on aggregated 13F filings for Q3 2019.