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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 $52.9M invested in First Trust/abrdn Global Opportunity Income Fund in 2020 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 10 increasing their positions, 18 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 7

2% more funds holding

Funds holding: 44 → 45 (+1)

20% less capital invested

Capital invested by funds: $66.4M → $52.9M (-$13.5M)

44% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 18

Holders
45
Holders Change
+1
Holders Change %
+2.27%
% of All Funds
0.99%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
10
Reduced
18
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$4.42M
2
RCM
Rivernorth Capital Management
Florida
+$1.4M
3
SFS
Shaker Financial Services
Virginia
+$363K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$319K
5
PAG
Private Advisor Group
New Jersey
+$287K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$4.56M
2
UBS Group
UBS Group
Switzerland
-$457K
3
Morgan Stanley
Morgan Stanley
New York
-$339K
4
AAM
Advisors Asset Management
Colorado
-$298K
5
AC
Aristides Capital
Kentucky
-$280K
Name Holding Trade Value Shares
Change 		Change in
Stake
BRWA
26
B. Riley Wealth Advisors
Florida
$206K – – –
APW
27
Aurora Private Wealth
New Jersey
$205K +$250K +23,250 New
AWM
28
Adams Wealth Management
Utah
$201K -$46.5K -4,326 -16%
CC
29
Centiva Capital
New York
$176K – – –
Ameriprise
30
Ameriprise
Minnesota
$175K +$52.7K +4,900 +32%
WA
31
Winfield Associates
Ohio
$161K -$15K -1,400 -7%
NGA
32
Naples Global Advisors
Florida
$144K -$12K -1,115 -6%
Bank of America
33
Bank of America
North Carolina
$132K -$8.94K -832 -5%
CFGS
34
Concourse Financial Group Securities
Alabama
$121K -$154K -14,339 -51%
Fiera Capital (Canada)
35
Fiera Capital (Canada)
Quebec, Canada
$115K +$6.75K +628 +5%
DAS
36
Dynamic Advisor Solutions
Arizona
$111K -$48K -4,467 -26%
RFN
37
RDA Financial Network
Iowa
$102K – – –
IFG
38
Independent Financial Group
California
$94.2K +$115K +10,700 New
TC
39
TownSquare Capital
Utah
$91K +$108K +10,004 New
PWA
40
Physician Wealth Advisors
Utah
$89K – – –
PB
41
Pinnacle Bancorp
Nebraska
$10K – – –
VRM
42
Vectors Research Management
New York
$9K +$10.7K +1,000 New
AIC
43
Ameritas Investment Company
Nebraska
$9K +$11.3K +1,050 New
APA
44
American Portfolios Advisors
New York
$4.4K -$78.5K -7,301 -94%
GWM
45
Geneos Wealth Management
Colorado
$2K – – –
HighTower Advisors
46
HighTower Advisors
Illinois
– -$167K -14,941 Closed
FHA
47
First Horizon Advisors
Tennessee
– -$160K -14,300 Closed
CL
48
CSS LLC
Illinois
– -$145K -12,998 Closed
FIA
49
FNY Investment Advisers
New York
– -$98K -8,800 Closed
TA
50
TFG Advisers
Michigan
– -$26K -2,339 Closed
1
2
3

FAM Hedge Fund Activity: Q1 2020 in Review

45 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q1 2020, worth a combined $52.9M — down 20% from $66.4M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new FAM positions and 7 closed out — a net gain of 3 holders — while 10 added to existing stakes and 18 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $4.42M. The largest seller was Sit Investment Associates, cutting an estimated $4.56M.

  • 45 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q1 2020, up from 44 in Q4 2019.
  • Funds reported $52.9M of First Trust/abrdn Global Opportunity Income Fund stock for Q1 2020, down 20% quarter-over-quarter.
  • 10 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q1 2020 and 7 closed out, a net change of +3 holders.
  • The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q1 2020 was Karpus Investment Management, an estimated $4.42M added.
  • The largest First Trust/abrdn Global Opportunity Income Fund seller in Q1 2020 was Sit Investment Associates, an estimated $4.56M sold.

Based on aggregated 13F filings for Q1 2020.