First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
39 hedge funds and large institutions have $17.5M invested in First Trust/abrdn Global Opportunity Income Fund in 2022 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 13 increasing their positions, 11 reducing their positions, and 3 closing their positions.
233% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 3
45% more capital invested
Capital invested by funds: $12M → $17.5M (+$5.44M)
18% more funds holding
Funds holding: 33 → 39 (+6)
18% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.04M |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
+$1.06M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$922K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$751K |
| 5 |
SCM
Saba Capital Management
New York
|
+$380K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.93M |
| 2 |
OA
Oxbow Advisors
Austin,
Texas
|
-$389K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$266K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$213K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$131K |
FAM Hedge Fund Activity: Q4 2022 in Review
39 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q4 2022, worth a combined $17.5M — up 45% from $12M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FAM positions and 3 closed out — a net gain of 7 holders — while 13 added to existing stakes and 11 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $3.04M. The largest seller was Ameriprise, cutting an estimated $1.93M.
- 39 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q4 2022, up from 33 in Q3 2022.
- Funds reported $17.5M of First Trust/abrdn Global Opportunity Income Fund stock for Q4 2022, up 45% quarter-over-quarter.
- 10 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q4 2022 and 3 closed out, a net change of +7 holders.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q4 2022 was Karpus Investment Management, an estimated $3.04M added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q4 2022 was Ameriprise, an estimated $1.93M sold.
Based on aggregated 13F filings for Q4 2022.