First Trust/abrdn Global Opportunity Income Fund
FAM
FAM was delisted on the 20th of September, 2024.
38 hedge funds and large institutions have $27.9M invested in First Trust/abrdn Global Opportunity Income Fund in 2024 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
22% more capital invested
Capital invested by funds: $22.9M → $27.9M (+$4.98M)
3% more funds holding
Funds holding: 37 → 38 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$1.47M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.21M |
| 3 |
LCWP
Legacy Capital Wealth Partners
Little Rock,
Arkansas
|
+$1.17M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$802K |
| 5 |
QL
Quarry LP
New York
|
+$418K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$784K |
| 2 |
Morgan Stanley
New York
|
-$702K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$271K |
| 4 |
LPL Financial
San Diego,
California
|
-$251K |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$102K |
FAM Hedge Fund Activity: Q1 2024 in Review
38 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Global Opportunity Income Fund (FAM) for Q1 2024, worth a combined $27.9M — up 22% from $22.9M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FAM positions and 3 closed out — a net gain of 3 holders — while 14 added to existing stakes and 11 trimmed.
The largest buyer was Absolute Investment Advisers, opening a new position worth an estimated $1.47M. The largest seller was Clough Capital Partners, exiting entirely with an estimated $784K sold.
- 38 institutional investors held First Trust/abrdn Global Opportunity Income Fund (FAM) as of Q1 2024, up from 37 in Q4 2023.
- Funds reported $27.9M of First Trust/abrdn Global Opportunity Income Fund stock for Q1 2024, up 22% quarter-over-quarter.
- 6 funds opened new First Trust/abrdn Global Opportunity Income Fund positions in Q1 2024 and 3 closed out, a net change of +3 holders.
- The largest First Trust/abrdn Global Opportunity Income Fund buyer in Q1 2024 was Absolute Investment Advisers, an estimated $1.47M added.
- The largest First Trust/abrdn Global Opportunity Income Fund seller in Q1 2024 was Clough Capital Partners, an estimated $784K sold.
Based on aggregated 13F filings for Q1 2024.