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FAM

First Trust/abrdn Global Opportunity Income Fund

Delisted

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

40 hedge funds and large institutions have $93.1M invested in First Trust/abrdn Global Opportunity Income Fund in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 16 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more capital invested

Capital invested by funds: $87.6M → $93.1M (+$5.53M)

5% less funds holding

Funds holding: 4240 (-2)

13% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 8

50% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 16

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
40
Holders Change
-2
Holders Change %
-4.76%
% of All Funds
1%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
7
Increased
8
Reduced
16
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KIM
1
Karpus Investment Management
New York
$39M -$92.4K -8,127 -0.2%
SIA
2
Sit Investment Associates
Minnesota
$15.2M +$5.39M +474,366 +57%
BI
3
Bulldog Investors
New Jersey
$7.82M -$1.39M -122,352 -15%
RCM
4
Rivernorth Capital Management
Florida
$5.45M -$435K -38,242 -8%
Invesco
5
Invesco
Georgia
$3.48M -$414K -36,455 -11%
IA
6
Icon Advisers
Colorado
$2.93M +$824K +72,460 +40%
Morgan Stanley
7
Morgan Stanley
New York
$2.03M -$122K -10,736 -6%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$1.97M +$75.4K +6,632 +4%
Cohen & Steers
9
Cohen & Steers
New York
$1.88M
AAM
10
Advisors Asset Management
Colorado
$1.49M -$43.1K -3,792 -3%
WS
11
Wedbush Securities
California
$1.42M +$199K +17,548 +17%
OA
12
Oxbow Advisors
Texas
$1.11M -$49.3K -4,333 -4%
Bank of America
13
Bank of America
North Carolina
$1.06M +$142K +12,506 +16%
CI
14
Cavalier Investments
Georgia
$977K
Wells Fargo
15
Wells Fargo
California
$954K -$317K -27,850 -25%
CIA
16
Capital Investment Advisors
Georgia
$813K -$67.9K -5,973 -8%
LTFS
17
Ladenburg Thalmann Financial Services
Florida
$680K -$3.41K -300 -0.5%
CCP
18
Clough Capital Partners
Massachusetts
$579K +$566K +49,806 New
NL
19
NWAM LLC
Washington
$481K
NGA
20
Naples Global Advisors
Florida
$435K -$6.25K -550 -1%
UBS Group
21
UBS Group
Switzerland
$423K +$65.4K +5,756 +19%
SCM
22
Saba Capital Management
New York
$372K
WAM
23
Wolverine Asset Management
Illinois
$287K +$281K +24,718 New
LPL Financial
24
LPL Financial
California
$252K -$13.4K -1,179 -5%
Cambridge Investment Research Advisors
25
Cambridge Investment Research Advisors
Iowa
$226K -$2.14K -188 -1%

FAM Hedge Fund Activity: Q1 2017 in Review

40 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q1 2017, worth a combined $93.1M — up 6.3% from $87.6M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of FAM and 7 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 8 added.

The largest buyer was Sit Investment Associates, adding an estimated $5.39M. The largest seller was 1607 Capital Partners, exiting entirely with an estimated $2.53M sold.

  • 40 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q1 2017, down from 42 in Q4 2016.
  • Funds reported $93.1M of First Trust/abrdn Global Opportunity Income Fund stock for Q1 2017, up 6.3% quarter-over-quarter.
  • 7 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q1 2017 and 8 closed out, a net change of -1 holder.
  • The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q1 2017 was Sit Investment Associates, an estimated $5.39M added.
  • The largest First Trust/abrdn Global Opportunity Income Fund seller in Q1 2017 was 1607 Capital Partners, an estimated $2.53M sold.

Based on aggregated 13F filings for Q1 2017.