First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
38 hedge funds and large institutions have $25M invested in First Trust/abrdn Global Opportunity Income Fund in 2024 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
0% more funds holding
Funds holding: 38 → 38 (0)
8% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 13
10% less capital invested
Capital invested by funds: $27.9M → $25M (-$2.92M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$257K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$192K |
| 3 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$171K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$127K |
| 5 |
SFC
Strategic Financial Concepts
San Antonio,
Texas
|
+$112K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCWP
Legacy Capital Wealth Partners
Little Rock,
Arkansas
|
-$1.07M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$504K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$353K |
| 4 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$175K |
| 5 |
SCM
Saba Capital Management
New York
|
-$134K |
FAM Hedge Fund Activity: Q2 2024 in Review
38 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q2 2024, worth a combined $25M — down 10% from $27.9M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FAM positions and 4 closed out — a net gain of 1 holder — while 12 added to existing stakes and 13 trimmed.
The largest buyer was Cambridge Investment Research Advisors, adding an estimated $257K. The largest seller was Legacy Capital Wealth Partners, exiting entirely with an estimated $1.07M sold.
- 38 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q2 2024, unchanged from Q1 2024.
- Funds reported $25M of First Trust/abrdn Global Opportunity Income Fund stock for Q2 2024, down 10% quarter-over-quarter.
- 5 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q2 2024 and 4 closed out, a net change of +1 holder.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q2 2024 was Cambridge Investment Research Advisors, an estimated $257K added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q2 2024 was Legacy Capital Wealth Partners, an estimated $1.07M sold.
Based on aggregated 13F filings for Q2 2024.