First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
45 hedge funds and large institutions have $59.4M invested in First Trust/abrdn Global Opportunity Income Fund in 2019 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 8 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 13
9% more capital invested
Capital invested by funds: $54.7M → $59.4M (+$4.73M)
4% less funds holding
Funds holding: 47 → 45 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.43M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.57M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$874K |
| 4 |
AG
Advisor Group
Phoenix,
Arizona
|
+$273K |
| 5 |
SCM
Saba Capital Management
New York
|
+$250K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$3.91M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$809K |
| 3 |
Cohen & Steers
New York
|
-$737K |
| 4 |
Morgan Stanley
New York
|
-$404K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$315K |
FAM Hedge Fund Activity: Q3 2019 in Review
45 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q3 2019, worth a combined $59.4M — up 8.7% from $54.7M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FAM and 6 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 16 added.
The largest buyer was Karpus Investment Management, adding an estimated $4.43M. The largest seller was Wells Fargo, cutting an estimated $3.91M.
- 45 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q3 2019, down from 47 in Q2 2019.
- Funds reported $59.4M of First Trust/abrdn Global Opportunity Income Fund stock for Q3 2019, up 8.7% quarter-over-quarter.
- 6 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q3 2019 and 8 closed out, a net change of -2 holders.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q3 2019 was Karpus Investment Management, an estimated $4.43M added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q3 2019 was Wells Fargo, an estimated $3.91M sold.
Based on aggregated 13F filings for Q3 2019.