First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
35 hedge funds and large institutions have $18.9M invested in First Trust/abrdn Global Opportunity Income Fund in 2023 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 18 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
3% more funds holding
Funds holding: 34 → 35 (+1)
13% less capital invested
Capital invested by funds: $21.8M → $18.9M (-$2.87M)
61% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
+$331K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$283K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$238K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$135K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$113K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$905K |
| 2 |
OA
Oxbow Advisors
Austin,
Texas
|
-$387K |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
-$310K |
| 4 |
SCM
Saba Capital Management
New York
|
-$221K |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$159K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CIA
26
Capital Investment Advisors
Atlanta,
Georgia
| $70.3K | -$3.96K | -655 | -5% |
|
27
Mariner
Overland Park,
Kansas
| $69.3K | – | – | – |
|
|
GI
28
Gradient Investments
Arden Hills,
Minnesota
| $65.8K | – | – | – |
|
|
WS
29
Wedbush Securities
Los Angeles,
California
| $65K | – | – | – |
|
|
OP
30
ORG Partners
Roanoke,
Indiana
| $22.8K | -$31.4K | -5,201 | -57% |
|
31
JP Morgan Chase
New York
| $2.74K | -$14.4K | -2,383 | -83% |
|
32
US Bancorp
Minneapolis,
Minnesota
| $2.49K | -$1.32K | -219 | -33% |
|
|
AWM
33
Avior Wealth Management
Omaha,
Nebraska
| $1.79K | +$54 | +9 | +3% |
|
|
SPIA
34
Steward Partners Investment Advisory
New York
| $1.43K | -$284 | -47 | -16% |
|
|
HCM
35
Hollencrest Capital Management
Newport Beach,
California
| $576 | – | – | – |
|
|
BRWA
36
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$139K | -22,315 | Closed |
|
|
QL
37
Quarry LP
New York
| – | -$11.2K | -1,800 | Closed |
|
FAM Hedge Fund Activity: Q3 2023 in Review
35 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q3 2023, worth a combined $18.9M — down 13% from $21.8M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new FAM positions and 2 closed out — a net gain of 1 holder — while 7 added to existing stakes and 18 trimmed.
The largest buyer was Beacon Pointe Advisors, opening a new position worth an estimated $331K. The largest seller was LPL Financial, cutting an estimated $905K.
- 35 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q3 2023, up from 34 in Q2 2023.
- Funds reported $18.9M of First Trust/abrdn Global Opportunity Income Fund stock for Q3 2023, down 13% quarter-over-quarter.
- 3 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q3 2023 and 2 closed out, a net change of +1 holder.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q3 2023 was Beacon Pointe Advisors, an estimated $331K added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q3 2023 was LPL Financial, an estimated $905K sold.
Based on aggregated 13F filings for Q3 2023.