First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
34 hedge funds and large institutions have $21.8M invested in First Trust/abrdn Global Opportunity Income Fund in 2023 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 6 closing their positions.
2% more capital invested
Capital invested by funds: $21.4M → $21.8M (+$418K)
3% less funds holding
Funds holding: 35 → 34 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
18% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$484K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$458K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$138K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$84.4K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$82.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$430K |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
-$369K |
| 3 |
LPL Financial
San Diego,
California
|
-$326K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$308K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$94.5K |
FAM Hedge Fund Activity: Q2 2023 in Review
34 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q2 2023, worth a combined $21.8M — up 2% from $21.4M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FAM and 5 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 9 added.
The largest buyer was Karpus Investment Management, adding an estimated $484K. The largest seller was Susquehanna International Group, exiting entirely with an estimated $430K sold.
- 34 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q2 2023, down from 35 in Q1 2023.
- Funds reported $21.8M of First Trust/abrdn Global Opportunity Income Fund stock for Q2 2023, up 2% quarter-over-quarter.
- 5 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q2 2023 and 6 closed out, a net change of -1 holder.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q2 2023 was Karpus Investment Management, an estimated $484K added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q2 2023 was Susquehanna International Group, an estimated $430K sold.
Based on aggregated 13F filings for Q2 2023.