First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
33 hedge funds and large institutions have $12M invested in First Trust/abrdn Global Opportunity Income Fund in 2022 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 3 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
3% less funds holding
Funds holding: 34 → 33 (-1)
9% less capital invested
Capital invested by funds: $13.3M → $12M (-$1.26M)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$238K |
| 2 |
Morgan Stanley
New York
|
+$138K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$127K |
| 4 |
LPL Financial
San Diego,
California
|
+$111K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$101K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$282K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$152K |
| 3 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$80K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$77.2K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$74K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Mariner
Overland Park,
Kansas
| $66K | +$74.3K | +12,150 | New |
|
|
SWM
27
Spire Wealth Management
Mclean,
Virginia
| $39K | -$11.1K | -1,814 | -20% |
|
|
SPIA
28
Steward Partners Investment Advisory
New York
| $33K | -$15.3K | -2,510 | -30% |
|
|
RA
29
Rise Advisors
Rochester,
New York
| $12K | +$367 | +60 | +3% |
|
|
HI
30
Harbour Investments
Madison,
Wisconsin
| $7K | – | – | – |
|
31
US Bancorp
Minneapolis,
Minnesota
| $4K | – | – | – |
|
|
APA
32
American Portfolios Advisors
Holbrook,
New York
| $2.73K | – | – | – |
|
|
AWM
33
Avior Wealth Management
Omaha,
Nebraska
| $1K | +$43 | +7 | +3% |
|
|
KAS
34
Kestra Advisory Services
Austin,
Texas
| – | -$80K | -13,186 | Closed |
|
|
LCM
35
Landscape Capital Management
Englewood,
New Jersey
| – | -$74K | -12,224 | Closed |
|
|
CA
36
CoreCap Advisors
Southfield,
Michigan
| – | -$58K | -9,655 | Closed |
|
FAM Hedge Fund Activity: Q3 2022 in Review
33 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q3 2022, worth a combined $12M — down 9.5% from $13.3M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FAM and 2 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 14 added.
The largest buyer was Shaker Financial Services, opening a new position worth an estimated $238K. The largest seller was Guggenheim Capital, cutting an estimated $282K.
- 33 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q3 2022, down from 34 in Q2 2022.
- Funds reported $12M of First Trust/abrdn Global Opportunity Income Fund stock for Q3 2022, down 9.5% quarter-over-quarter.
- 2 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q3 2022 and 3 closed out, a net change of -1 holder.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q3 2022 was Shaker Financial Services, an estimated $238K added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q3 2022 was Guggenheim Capital, an estimated $282K sold.
Based on aggregated 13F filings for Q3 2022.