First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
39 hedge funds and large institutions have $48.9M invested in First Trust/abrdn Global Opportunity Income Fund in 2018 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 8 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 10
3% less capital invested
Capital invested by funds: $50.5M → $48.9M (-$1.68M)
3% less funds holding
Funds holding: 40 → 39 (-1)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$7.06M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$715K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$611K |
| 4 |
LPL Financial
San Diego,
California
|
+$253K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$249K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$6.73M |
| 2 |
OA
Oxbow Advisors
Austin,
Texas
|
-$722K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$604K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$380K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$276K |
FAM Hedge Fund Activity: Q3 2018 in Review
39 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q3 2018, worth a combined $48.9M — down 3.3% from $50.5M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FAM and 7 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 13 added.
The largest buyer was Bulldog Investors, opening a new position worth an estimated $7.06M. The largest seller was Sit Investment Associates, cutting an estimated $6.73M.
- 39 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q3 2018, down from 40 in Q2 2018.
- Funds reported $48.9M of First Trust/abrdn Global Opportunity Income Fund stock for Q3 2018, down 3.3% quarter-over-quarter.
- 7 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q3 2018 and 8 closed out, a net change of -1 holder.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q3 2018 was Bulldog Investors, an estimated $7.06M added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q3 2018 was Sit Investment Associates, an estimated $6.73M sold.
Based on aggregated 13F filings for Q3 2018.