First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
35 hedge funds and large institutions have $21.4M invested in First Trust/abrdn Global Opportunity Income Fund in 2023 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 6 reducing their positions, and 8 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 6
22% more capital invested
Capital invested by funds: $17.5M → $21.4M (+$3.9M)
10% less funds holding
Funds holding: 39 → 35 (-4)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.09M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$727K |
| 3 |
Morgan Stanley
New York
|
+$334K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$307K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$242K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$982K |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$799K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$147K |
| 4 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
-$126K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$115K |
FAM Hedge Fund Activity: Q1 2023 in Review
35 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q1 2023, worth a combined $21.4M — up 22% from $17.5M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FAM and 5 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 15 added.
The largest buyer was Karpus Investment Management, adding an estimated $4.09M. The largest seller was Envestnet Asset Management, exiting entirely with an estimated $982K sold.
- 35 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q1 2023, down from 39 in Q4 2022.
- Funds reported $21.4M of First Trust/abrdn Global Opportunity Income Fund stock for Q1 2023, up 22% quarter-over-quarter.
- 5 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q1 2023 and 8 closed out, a net change of -3 holders.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q1 2023 was Karpus Investment Management, an estimated $4.09M added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q1 2023 was Envestnet Asset Management, an estimated $982K sold.
Based on aggregated 13F filings for Q1 2023.