First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
44 hedge funds and large institutions have $66.4M invested in First Trust/abrdn Global Opportunity Income Fund in 2019 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 18 reducing their positions, and 7 closing their positions.
12% more capital invested
Capital invested by funds: $59.4M → $66.4M (+$6.98M)
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
2% less funds holding
Funds holding: 45 → 44 (-1)
44% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$4.43M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.57M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$790K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$592K |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$237K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$2.94M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$644K |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$451K |
| 4 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$400K |
| 5 |
Morgan Stanley
New York
|
-$380K |
FAM Hedge Fund Activity: Q4 2019 in Review
44 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q4 2019, worth a combined $66.4M — up 12% from $59.4M a quarter earlier.
Fund positioning in FAM was balanced in Q4 2019: 7 funds opened new positions, 7 closed out, 10 added to existing stakes and 18 trimmed.
The largest buyer was Icon Advisers, opening a new position worth an estimated $4.43M. The largest seller was Saba Capital Management, exiting entirely with an estimated $2.94M sold.
- 44 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q4 2019, down from 45 in Q3 2019.
- Funds reported $66.4M of First Trust/abrdn Global Opportunity Income Fund stock for Q4 2019, up 12% quarter-over-quarter.
- 7 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q4 2019 and 7 closed out, a net change of 0 holders.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q4 2019 was Icon Advisers, an estimated $4.43M added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q4 2019 was Saba Capital Management, an estimated $2.94M sold.
Based on aggregated 13F filings for Q4 2019.