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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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38 hedge funds and large institutions have $27.9M invested in First Trust/abrdn Global Opportunity Income Fund in 2024 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

27% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 11

22% more capital invested

Capital invested by funds: $22.9M → $27.9M (+$4.98M)

3% more funds holding

Funds holding: 37 → 38 (+1)

Holders
38
Holders Change
+1
Holders Change %
+2.7%
% of All Funds
0.55%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
14
Reduced
11
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AIA
Absolute Investment Advisers
Florida
+$1.47M
2
RCM
Rivernorth Capital Management
Florida
+$1.21M
3
LCWP
Legacy Capital Wealth Partners
Arkansas
+$1.17M
4
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$802K
5
QL
Quarry LP
New York
+$418K

Top Sellers

Rank Fund Capital Flow
1
CCP
Clough Capital Partners
Massachusetts
-$784K
2
Morgan Stanley
Morgan Stanley
New York
-$702K
3
KIM
Karpus Investment Management
New York
-$271K
4
LPL Financial
LPL Financial
California
-$251K
5
NA
NewEdge Advisors
Louisiana
-$102K
Name Holding Trade Value Shares
Change 		Change in
Stake
OP
26
ORG Partners
Indiana
$140K +$136K +21,421 New
FFA
27
Founders Financial Alliance
North Carolina
$139K +$17.2K +2,704 +15%
SCM
28
Saba Capital Management
New York
$134K – – –
NAS
29
NWF Advisory Services
California
$115K – – –
Jane Street
30
Jane Street
New York
$93K +$1.64K +258 +2%
Mariner
31
Mariner
Kansas
$80.1K – – –
GI
32
Gradient Investments
Minnesota
$76.2K – – –
WS
33
Wedbush Securities
California
$76K – – –
ASN
34
Advisory Services Network
Georgia
$74.7K -$34.7K -5,455 -33%
CIA
35
Capital Investment Advisors
Georgia
$68.3K -$7.56K -1,189 -10%
CA
36
CoreCap Advisors
Michigan
$44.1K +$42.5K +6,685 New
AWM
37
Avior Wealth Management
Nebraska
$2.2K +$57 +9 +3%
SPIA
38
Steward Partners Investment Advisory
New York
$976 -$655 -103 -41%
CCP
39
Clough Capital Partners
Massachusetts
– -$784K -124,590 Closed
LCM
40
Landscape Capital Management
New Jersey
– -$93.3K -14,834 Closed
JP Morgan Chase
41
JP Morgan Chase
New York
– -$13.5K -2,152 Closed
1
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FAM Hedge Fund Activity: Q1 2024 in Review

38 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q1 2024, worth a combined $27.9M — up 22% from $22.9M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new FAM positions and 3 closed out — a net gain of 3 holders — while 14 added to existing stakes and 11 trimmed.

The largest buyer was Absolute Investment Advisers, opening a new position worth an estimated $1.47M. The largest seller was Clough Capital Partners, exiting entirely with an estimated $784K sold.

  • 38 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q1 2024, up from 37 in Q4 2023.
  • Funds reported $27.9M of First Trust/abrdn Global Opportunity Income Fund stock for Q1 2024, up 22% quarter-over-quarter.
  • 6 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q1 2024 and 3 closed out, a net change of +3 holders.
  • The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q1 2024 was Absolute Investment Advisers, an estimated $1.47M added.
  • The largest First Trust/abrdn Global Opportunity Income Fund seller in Q1 2024 was Clough Capital Partners, an estimated $784K sold.

Based on aggregated 13F filings for Q1 2024.