First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
46 hedge funds and large institutions have $36.9M invested in First Trust/abrdn Global Opportunity Income Fund in 2021 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 15 increasing their positions, 15 reducing their positions, and 10 closing their positions.
10% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 10
0% more funds holding
Funds holding: 46 → 46 (0)
0% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 15
42% less capital invested
Capital invested by funds: $63.5M → $36.9M (-$26.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OA
Oxbow Advisors
Austin,
Texas
|
+$854K |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$625K |
| 3 |
LPL Financial
San Diego,
California
|
+$491K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$457K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$307K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$17.9M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.92M |
| 3 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$2.16M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$872K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$456K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GRP
51
Global Retirement Partners
San Rafael,
California
| – | -$97K | -9,147 | Closed |
|
|
TJHA
52
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$67K | -6,387 | Closed |
|
|
FPCG
53
Fort Pitt Capital Group
Pittsburgh,
Pennsylvania
| – | -$11K | -1,000 | Closed |
|
|
CB
54
Community Bank
Dewitt,
New York
| – | -$6K | -590 | Closed |
|
|
AWA
55
Arkadios Wealth Advisors
Atlanta,
Georgia
| – | -$2K | -244 | Closed |
|
56
Citigroup
New York
| – | +$546 | +53 | New |
|
FAM Hedge Fund Activity: Q1 2021 in Review
46 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q1 2021, worth a combined $36.9M — down 42% from $63.5M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FAM positions and 10 closed out — a net gain of 1 holder — while 15 added to existing stakes and 15 trimmed.
The largest buyer was Oxbow Advisors, adding an estimated $854K. The largest seller was Karpus Investment Management, cutting an estimated $17.9M.
- 46 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q1 2021, unchanged from Q4 2020.
- Funds reported $36.9M of First Trust/abrdn Global Opportunity Income Fund stock for Q1 2021, down 42% quarter-over-quarter.
- 11 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q1 2021 and 10 closed out, a net change of +1 holder.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q1 2021 was Oxbow Advisors, an estimated $854K added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q1 2021 was Karpus Investment Management, an estimated $17.9M sold.
Based on aggregated 13F filings for Q1 2021.