First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
37 hedge funds and large institutions have $22.9M invested in First Trust/abrdn Global Opportunity Income Fund in 2023 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 5 closing their positions.
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
33% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 9
21% more capital invested
Capital invested by funds: $18.9M → $22.9M (+$3.99M)
6% more funds holding
Funds holding: 35 → 37 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$722K |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$575K |
| 3 |
Morgan Stanley
New York
|
+$570K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$550K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$395K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$427K |
| 2 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$301K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$236K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$225K |
| 5 |
OA
Oxbow Advisors
Austin,
Texas
|
-$147K |
FAM Hedge Fund Activity: Q4 2023 in Review
37 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q4 2023, worth a combined $22.9M — up 21% from $18.9M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FAM positions and 5 closed out — a net gain of 2 holders — while 12 added to existing stakes and 9 trimmed.
The largest buyer was Clough Capital Partners, opening a new position worth an estimated $722K. The largest seller was LPL Financial, cutting an estimated $427K.
- 37 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q4 2023, up from 35 in Q3 2023.
- Funds reported $22.9M of First Trust/abrdn Global Opportunity Income Fund stock for Q4 2023, up 21% quarter-over-quarter.
- 7 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q4 2023 and 5 closed out, a net change of +2 holders.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q4 2023 was Clough Capital Partners, an estimated $722K added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q4 2023 was LPL Financial, an estimated $427K sold.
Based on aggregated 13F filings for Q4 2023.