FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
FEI was delisted on the 3rd of May, 2024.
83 hedge funds and large institutions have $116M invested in FIRST TRUST MLP AND ENERGY INCOME FUND in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 30 increasing their positions, 25 reducing their positions, and 9 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 25
9% more capital invested
Capital invested by funds: $107M → $116M (+$9.31M)
1% less funds holding
Funds holding: 84 → 83 (-1)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.07M |
| 2 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$3.02M |
| 3 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$1.13M |
| 4 |
Morgan Stanley
New York
|
+$822K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$380K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$2.28M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$592K |
| 3 |
LPL Financial
San Diego,
California
|
-$572K |
| 4 |
QC
Quantedge Capital
Singapore
|
-$423K |
| 5 |
Rockefeller Capital Management
New York
|
-$313K |
FEI Hedge Fund Activity: Q3 2023 in Review
83 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST MLP AND ENERGY INCOME FUND (FEI) for Q3 2023, worth a combined $116M — up 8.7% from $107M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FEI and 8 opened new positions — a net loss of 1 holder — while 25 trimmed existing stakes and 30 added.
The largest buyer was Saba Capital Management, adding an estimated $4.07M. The largest seller was Punch & Associates Investment Management, exiting entirely with an estimated $2.28M sold.
- 83 institutional investors held FIRST TRUST MLP AND ENERGY INCOME FUND (FEI) as of Q3 2023, down from 84 in Q2 2023.
- Funds reported $116M of FIRST TRUST MLP AND ENERGY INCOME FUND stock for Q3 2023, up 8.7% quarter-over-quarter.
- 8 funds opened new FIRST TRUST MLP AND ENERGY INCOME FUND positions in Q3 2023 and 9 closed out, a net change of -1 holder.
- The largest FIRST TRUST MLP AND ENERGY INCOME FUND buyer in Q3 2023 was Saba Capital Management, an estimated $4.07M added.
- The largest FIRST TRUST MLP AND ENERGY INCOME FUND seller in Q3 2023 was Punch & Associates Investment Management, an estimated $2.28M sold.
Based on aggregated 13F filings for Q3 2023.