First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
46 hedge funds and large institutions have $63.5M invested in First Trust/abrdn Global Opportunity Income Fund in 2020 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 14 increasing their positions, 13 reducing their positions, and 8 closing their positions.
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
8% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 13
3% more capital invested
Capital invested by funds: $61.4M → $63.5M (+$2.12M)
2% less funds holding
Funds holding: 47 → 46 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.28M |
| 2 |
LPL Financial
San Diego,
California
|
+$934K |
| 3 |
OC
Oppenheimer & Co
New York
|
+$274K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$195K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$177K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Shelton Capital Management
Denver,
Colorado
|
-$4.22M |
| 2 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$2.18M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$1.48M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$774K |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$367K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AWM
51
Adams Wealth Management
Logan,
Utah
| – | -$85K | -8,913 | Closed |
|
|
FFA
52
Founders Financial Alliance
Raleigh,
North Carolina
| – | -$7K | -710 | Closed |
|
53
Barclays
London,
United Kingdom
| – | -$5K | -465 | Closed |
|
FAM Hedge Fund Activity: Q4 2020 in Review
46 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q4 2020, worth a combined $63.5M — up 3.5% from $61.4M 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 13 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $4.28M. The largest seller was Shelton Capital Management, exiting entirely with an estimated $4.22M sold.
- 46 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q4 2020, down from 47 in Q3 2020.
- Funds reported $63.5M of First Trust/abrdn Global Opportunity Income Fund stock for Q4 2020, up 3.5% quarter-over-quarter.
- 9 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q4 2020 and 8 closed out, a net change of +1 holder.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q4 2020 was Sit Investment Associates, an estimated $4.28M added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q4 2020 was Shelton Capital Management, an estimated $4.22M sold.
Based on aggregated 13F filings for Q4 2020.