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FEN

First Trust Energy Income and Growth Fund
FEN

Delisted

FEN was delisted on the 3rd of May, 2024.

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70 hedge funds and large institutions have $64.6M invested in First Trust Energy Income and Growth Fund in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 28 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

9% more capital invested

Capital invested by funds: $59.2M → $64.6M (+$5.33M)

1% more funds holding

Funds holding: 69 → 70 (+1)

29% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 28

Holders
70
Holders Change
+1
Holders Change %
+1.45%
% of All Funds
1.1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
20
Reduced
28
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$4.07M
2
Baird Financial Group
Baird Financial Group
Wisconsin
+$1.39M
3
Cohen & Steers
Cohen & Steers
New York
+$678K
4
AA
AQR Arbitrage
Connecticut
+$478K
5
AAM
Advisors Asset Management
Colorado
+$446K

Top Sellers

Rank Fund Capital Flow
1
MML Investors Services
MML Investors Services
Massachusetts
-$3.09M
2
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$1.73M
3
GC
Guggenheim Capital
Illinois
-$632K
4
WAM
Wolverine Asset Management
Illinois
-$558K
5
UBS Group
UBS Group
Switzerland
-$424K
Name Holding Trade Value Shares
Change 		Change in
Stake
QC
26
Quantedge Capital
Singapore
$538K +$288K +22,300 +137%
PAG
27
Private Advisor Group
New Jersey
$532K +$12.4K +960 +3%
Truist Financial
28
Truist Financial
North Carolina
$479K -$31.7K -2,449 -7%
SEA
29
Stegent Equity Advisors
Texas
$420K -$86K -6,651 -18%
Northwestern Mutual Wealth Management
30
Northwestern Mutual Wealth Management
Wisconsin
$388K -$1.73M -134,217 -83%
SPC
31
Sigma Planning Corp
Michigan
$374K -$18.2K -1,405 -5%
Cambridge Investment Research Advisors
32
Cambridge Investment Research Advisors
Iowa
$367K -$2.09K -162 -0.6%
IGWM
33
ICA Group Wealth Management
Colorado
$354K -$89.5K -6,925 -21%
Ameriprise
34
Ameriprise
Minnesota
$296K -$439 -34 -0.2%
LCM
35
Landscape Capital Management
New Jersey
$279K -$261K -20,231 -50%
HighTower Advisors
36
HighTower Advisors
Illinois
$269K -$58.4K -4,520 -19%
BWA
37
BDO Wealth Advisors
Florida
$245K -$20.6K -1,596 -8%
BF
38
BOK Financial
Oklahoma
$216K -$46.7K -3,614 -19%
LMKC
39
L.M. Kohn & Company
Ohio
$208K – – –
CAG
40
Csenge Advisory Group
Florida
$206K -$12.6K -972 -6%
TB
41
Terril Brothers
Missouri
$198K – – –
UB
42
UMB Bank
Missouri
$188K – – –
Invesco
43
Invesco
Georgia
$188K +$175K +13,511 New
SIA
44
Sit Investment Associates
Minnesota
$184K – – –
CAM
45
Cresset Asset Management
Illinois
$177K +$164K +12,700 New
CA
46
Cornerstone Advisory
Maryland
$166K +$154K +11,943 New
AAS
47
Ameritas Advisory Services
Nebraska
$160K -$67.3K -5,207 -31%
CG
48
Clarus Group
Texas
$159K – – –
BW
49
Bison Wealth
Georgia
$153K – – –
WPC
50
Wedmont Private Capital
Pennsylvania
$153K +$1.73K +134 +1%
1
2
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FEN Hedge Fund Activity: Q2 2023 in Review

70 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy Income and Growth Fund (FEN) for Q2 2023, worth a combined $64.6M — up 9% from $59.2M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new FEN positions and 6 closed out — a net gain of 1 holder — while 20 added to existing stakes and 28 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $4.07M. The largest seller was MML Investors Services, exiting entirely with an estimated $3.09M sold.

  • 70 institutional investors held First Trust Energy Income and Growth Fund (FEN) as of Q2 2023, up from 69 in Q1 2023.
  • Funds reported $64.6M of First Trust Energy Income and Growth Fund stock for Q2 2023, up 9% quarter-over-quarter.
  • 7 funds opened new First Trust Energy Income and Growth Fund positions in Q2 2023 and 6 closed out, a net change of +1 holder.
  • The largest First Trust Energy Income and Growth Fund buyer in Q2 2023 was Saba Capital Management, an estimated $4.07M added.
  • The largest First Trust Energy Income and Growth Fund seller in Q2 2023 was MML Investors Services, an estimated $3.09M sold.

Based on aggregated 13F filings for Q2 2023.