First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
35 hedge funds and large institutions have $57.6M invested in First Trust/abrdn Global Opportunity Income Fund in 2017 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 20 reducing their positions, and 6 closing their positions.
13% less funds holding
Funds holding: 40 → 35 (-5)
38% less capital invested
Capital invested by funds: $93.1M → $57.6M (-$35.5M)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
70% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$857K |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$556K |
| 3 |
AG
Advisor Group
Phoenix,
Arizona
|
+$305K |
| 4 |
UFM
Ursa Fund Management
Danville,
California
|
+$262K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
+$218K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$19.8M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$7.82M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.06M |
| 4 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$2.93M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$831K |
FAM Hedge Fund Activity: Q2 2017 in Review
35 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q2 2017, worth a combined $57.6M — down 38% from $93.1M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FAM and 3 opened new positions — a net loss of 3 holders — while 20 trimmed existing stakes and 6 added.
The largest buyer was Shaker Financial Services, adding an estimated $857K. The largest seller was Karpus Investment Management, cutting an estimated $19.8M.
- 35 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q2 2017, down from 40 in Q1 2017.
- Funds reported $57.6M of First Trust/abrdn Global Opportunity Income Fund stock for Q2 2017, down 38% quarter-over-quarter.
- 3 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q2 2017 and 6 closed out, a net change of -3 holders.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q2 2017 was Shaker Financial Services, an estimated $857K added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q2 2017 was Karpus Investment Management, an estimated $19.8M sold.
Based on aggregated 13F filings for Q2 2017.