First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
46 hedge funds and large institutions have $59.6M invested in First Trust/abrdn Global Opportunity Income Fund in 2020 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 14 increasing their positions, 15 reducing their positions, and 8 closing their positions.
13% more capital invested
Capital invested by funds: $52.9M → $59.6M (+$6.67M)
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
2% more funds holding
Funds holding: 45 → 46 (+1)
7% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.47M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$244K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$234K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$160K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$126K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.15M |
| 2 |
OA
Oxbow Advisors
Austin,
Texas
|
-$902K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$649K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$261K |
| 5 |
AC
Aristides Capital
Louisville,
Kentucky
|
-$253K |
FAM Hedge Fund Activity: Q2 2020 in Review
46 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q2 2020, worth a combined $59.6M — up 13% from $52.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FAM positions and 8 closed out — a net gain of 1 holder — while 14 added to existing stakes and 15 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $2.47M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $1.15M sold.
- 46 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q2 2020, up from 45 in Q1 2020.
- Funds reported $59.6M of First Trust/abrdn Global Opportunity Income Fund stock for Q2 2020, up 13% quarter-over-quarter.
- 9 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q2 2020 and 8 closed out, a net change of +1 holder.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q2 2020 was Karpus Investment Management, an estimated $2.47M added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q2 2020 was Rivernorth Capital Management, an estimated $1.15M sold.
Based on aggregated 13F filings for Q2 2020.