First Trust Energy Income and Growth Fund
FEN
FEN was delisted on the 3rd of May, 2024.
57 hedge funds and large institutions have $136M invested in First Trust Energy Income and Growth Fund in 2016 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 27 increasing their positions, 18 reducing their positions, and 6 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 18
7% less funds holding
Funds holding: 61 → 57 (-4)
9% less capital invested
Capital invested by funds: $149M → $136M (-$13.8M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$752K |
| 2 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$730K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$704K |
| 4 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$597K |
| 5 |
MBT
Monroe Bank & Trust
Monroe,
Michigan
|
+$528K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TA
Tiedemann Advisors
New York
|
-$10.4M |
| 2 |
CWM
Concert Wealth Management
San Jose,
California
|
-$1.48M |
| 3 |
ACM
Avalon Capital Management
Port Of Redwood City,
California
|
-$1.27M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$721K |
| 5 |
UB
UMB Bank
Kansas City,
Missouri
|
-$571K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MFS
51
MSI Financial Services
Springfield,
Massachusetts
| $67K | +$794 | +31 | +1% |
|
52
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $54K | – | – | – |
|
53
Loomis, Sayles & Company
Boston,
Massachusetts
| $46K | – | – | – |
|
|
FIB
54
First Interstate Bank
Billings,
Montana
| $39K | – | – | – |
|
|
IA
55
IFP Advisors
Tampa,
Florida
| $20K | -$10.6K | -415 | -36% |
|
|
BTIS
56
BB&T Investment Services
Charlotte,
North Carolina
| $9K | +$9.1K | +355 | New |
|
|
AC
57
Alexandria Capital
Arlington,
Virginia
| $8K | +$179 | +7 | +2% |
|
|
TA
58
Tiedemann Advisors
New York
| – | -$10.4M | -391,177 | Closed |
|
|
CWM
59
Concert Wealth Management
San Jose,
California
| – | -$1.48M | -54,463 | Closed |
|
|
WS
60
Wedbush Securities
Los Angeles,
California
| – | -$441K | -16,264 | Closed |
|
|
BRF
61
B. Riley Financial
Los Angeles,
California
| – | -$259K | -9,561 | Closed |
|
|
CS
62
Credit Suisse
Zurich,
Switzerland
| – | -$218K | -8,050 | Closed |
|
63
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$10K | -377 | Closed |
|
FEN Hedge Fund Activity: Q4 2016 in Review
57 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy Income and Growth Fund (FEN) for Q4 2016, worth a combined $136M — down 9.3% from $149M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FEN and 3 opened new positions — a net loss of 3 holders — while 18 trimmed existing stakes and 27 added.
The largest buyer was Cohen & Steers, adding an estimated $752K. The largest seller was Tiedemann Advisors, exiting entirely with an estimated $10.4M sold.
- 57 institutional investors held First Trust Energy Income and Growth Fund (FEN) as of Q4 2016, down from 61 in Q3 2016.
- Funds reported $136M of First Trust Energy Income and Growth Fund stock for Q4 2016, down 9.3% quarter-over-quarter.
- 3 funds opened new First Trust Energy Income and Growth Fund positions in Q4 2016 and 6 closed out, a net change of -3 holders.
- The largest First Trust Energy Income and Growth Fund buyer in Q4 2016 was Cohen & Steers, an estimated $752K added.
- The largest First Trust Energy Income and Growth Fund seller in Q4 2016 was Tiedemann Advisors, an estimated $10.4M sold.
Based on aggregated 13F filings for Q4 2016.