First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
47 hedge funds and large institutions have $55.1M invested in First Trust/abrdn Global Opportunity Income Fund in 2019 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 14 increasing their positions, 15 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
9% more funds holding
Funds holding: 43 → 47 (+4)
6% more capital invested
Capital invested by funds: $52M → $55.1M (+$3.09M)
7% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$6.08M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$698K |
| 3 |
LPL Financial
San Diego,
California
|
+$445K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$372K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$186K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OA
Oxbow Advisors
Austin,
Texas
|
-$2.29M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.56M |
| 3 |
SCM
Saba Capital Management
New York
|
-$1M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$716K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$682K |
FAM Hedge Fund Activity: Q2 2019 in Review
47 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q2 2019, worth a combined $55.1M — up 6% from $52M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FAM positions and 4 closed out — a net gain of 5 holders — while 14 added to existing stakes and 15 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $6.08M. The largest seller was Oxbow Advisors, cutting an estimated $2.29M.
- 47 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q2 2019, up from 43 in Q1 2019.
- Funds reported $55.1M of First Trust/abrdn Global Opportunity Income Fund stock for Q2 2019, up 6% quarter-over-quarter.
- 9 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q2 2019 and 4 closed out, a net change of +5 holders.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q2 2019 was Karpus Investment Management, an estimated $6.08M added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q2 2019 was Oxbow Advisors, an estimated $2.29M sold.
Based on aggregated 13F filings for Q2 2019.