First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
45 hedge funds and large institutions have $52.9M invested in First Trust/abrdn Global Opportunity Income Fund in 2020 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 10 increasing their positions, 18 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
2% more funds holding
Funds holding: 44 → 45 (+1)
20% less capital invested
Capital invested by funds: $66.4M → $52.9M (-$13.5M)
44% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.42M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.4M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$363K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$319K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$287K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.56M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$457K |
| 3 |
Morgan Stanley
New York
|
-$339K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$298K |
| 5 |
AC
Aristides Capital
Louisville,
Kentucky
|
-$280K |
FAM Hedge Fund Activity: Q1 2020 in Review
45 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q1 2020, worth a combined $52.9M — down 20% from $66.4M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FAM positions and 7 closed out — a net gain of 3 holders — while 10 added to existing stakes and 18 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $4.42M. The largest seller was Sit Investment Associates, cutting an estimated $4.56M.
- 45 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q1 2020, up from 44 in Q4 2019.
- Funds reported $52.9M of First Trust/abrdn Global Opportunity Income Fund stock for Q1 2020, down 20% quarter-over-quarter.
- 10 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q1 2020 and 7 closed out, a net change of +3 holders.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q1 2020 was Karpus Investment Management, an estimated $4.42M added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q1 2020 was Sit Investment Associates, an estimated $4.56M sold.
Based on aggregated 13F filings for Q1 2020.