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FAM

First Trust/abrdn Global Opportunity Income Fund

Delisted

FAM was delisted on the 20th of September, 2024.

39 hedge funds and large institutions have $74.1M invested in First Trust/abrdn Global Opportunity Income Fund in 2016 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 18 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more capital invested

Capital invested by funds: $62.2M → $74.1M (+$11.9M)

20% less funds holding

Funds holding: 4939 (-10)

33% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 18

83% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 12

Holders
39
Holders Change
-10
Holders Change %
-20.41%
% of All Funds
1.04%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
2
Increased
12
Reduced
18
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KIM
1
Karpus Investment Management
New York
$31.1M +$8.36M +823,512 +41%
SIA
2
Sit Investment Associates
Minnesota
$5.97M +$3.21M +316,159 +139%
Morgan Stanley
3
Morgan Stanley
New York
$5.17M -$2.48M -244,644 -34%
RCM
4
Rivernorth Capital Management
Florida
$3.92M +$995K +98,085 +38%
LPL Financial
5
LPL Financial
California
$3.55M +$196K +19,292 +6%
Invesco
6
Invesco
Georgia
$3.49M -$288K -28,414 -8%
1CP
7
1607 Capital Partners
Virginia
$2.7M -$44.2K -4,354 -2%
GC
8
Guggenheim Capital
Illinois
$2.6M -$476K -46,911 -16%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$2.23M -$209K -20,565 -9%
BI
10
Bulldog Investors
New Jersey
$2.2M +$574K +56,558 +39%
Cohen & Steers
11
Cohen & Steers
New York
$1.77M +$286K +28,200 +21%
Wells Fargo
12
Wells Fargo
California
$1.27M +$73.6K +7,251 +7%
OA
13
Oxbow Advisors
Texas
$1.09M -$107K -10,570 -10%
AA
14
AQR Arbitrage
Connecticut
$993K -$478K -47,137 -34%
CIA
15
Capital Investment Advisors
Georgia
$943K -$107K -10,561 -11%
Bank of America
16
Bank of America
North Carolina
$739K -$163K -16,023 -19%
LTFS
17
Ladenburg Thalmann Financial Services
Florida
$701K -$96.4K -9,500 -13%
WS
18
Wedbush Securities
California
$637K +$174K +17,108 +42%
NL
19
NWAM LLC
Washington
$487K
NGA
20
Naples Global Advisors
Florida
$416K -$26.6K -2,625 -6%
SCM
21
Saba Capital Management
New York
$351K +$325K +32,005 New
Cambridge Investment Research Advisors
22
Cambridge Investment Research Advisors
Iowa
$311K +$18.3K +1,800 +7%
EDRIA
23
Edmonds Duncan Registered Investment Advisors
Kansas
$180K -$3.81K -376 -2%
IH
24
IFC Holdings
Florida
$171K -$386 -38 -0.2%
HPC
25
HM Payson & Co
Maine
$164K

FAM Hedge Fund Activity: Q1 2016 in Review

39 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q1 2016, worth a combined $74.1M — up 19% from $62.2M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of FAM and 2 opened new positions — a net loss of 10 holders — while 18 trimmed existing stakes and 12 added.

The largest buyer was Karpus Investment Management, adding an estimated $8.36M. The largest seller was Morgan Stanley, cutting an estimated $2.48M.

  • 39 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q1 2016, down from 49 in Q4 2015.
  • Funds reported $74.1M of First Trust/abrdn Global Opportunity Income Fund stock for Q1 2016, up 19% quarter-over-quarter.
  • 2 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q1 2016 and 12 closed out, a net change of -10 holders.
  • The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q1 2016 was Karpus Investment Management, an estimated $8.36M added.
  • The largest First Trust/abrdn Global Opportunity Income Fund seller in Q1 2016 was Morgan Stanley, an estimated $2.48M sold.

Based on aggregated 13F filings for Q1 2016.