First Trust Energy Income and Growth Fund
FEN
FEN was delisted on the 3rd of May, 2024.
60 hedge funds and large institutions have $132M invested in First Trust Energy Income and Growth Fund in 2017 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 27 increasing their positions, 22 reducing their positions, and 3 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 22
2% less funds holding
Funds holding: 61 → 60 (-1)
9% less capital invested
Capital invested by funds: $144M → $132M (-$12.3M)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.35M |
| 2 |
TA
Tiedemann Advisors
New York
|
+$2.22M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.15M |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$1.04M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$631K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TWMH
Tiedemann Wealth Management Holdings
New York
|
-$3.25M |
| 2 |
ACM
Avalon Capital Management
Port Of Redwood City,
California
|
-$2.07M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.77M |
| 4 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
-$1.54M |
| 5 |
AIM
Allen Investment Management
New York
|
-$1.18M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LCM
51
Liberty Capital Management
Birmingham,
Michigan
| $85K | – | – | – |
|
|
AG
52
Advisor Group
Phoenix,
Arizona
| $68K | -$22.1K | -843 | -24% |
|
53
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $54K | – | – | – |
|
|
FIB
54
First Interstate Bank
Billings,
Montana
| $38K | – | – | – |
|
|
WA
55
WFG Advisors
Dallas,
Texas
| $21K | +$22K | +840 | New |
|
|
IA
56
IFP Advisors
Tampa,
Florida
| $13K | – | – | – |
|
|
PFBT
57
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| $13K | +$13.6K | +517 | New |
|
|
BTIS
58
BB&T Investment Services
Charlotte,
North Carolina
| $9K | – | – | – |
|
|
AC
59
Alexandria Capital
Arlington,
Virginia
| $8K | +$184 | +7 | +2% |
|
|
SPIA
60
Steward Partners Investment Advisory
New York
| $6K | – | – | – |
|
|
TWMH
61
Tiedemann Wealth Management Holdings
New York
| – | -$3.25M | -120,490 | Closed |
|
|
ACM
62
Avalon Capital Management
Port Of Redwood City,
California
| – | -$2.07M | -76,840 | Closed |
|
|
EDRH
63
Edmond de Rothschild Holding
Chambesy,
Switzerland
| – | -$219K | -8,100 | Closed |
|
FEN Hedge Fund Activity: Q2 2017 in Review
60 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy Income and Growth Fund (FEN) for Q2 2017, worth a combined $132M — down 8.6% from $144M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FEN and 2 opened new positions — a net loss of 1 holder — while 22 trimmed existing stakes and 27 added.
The largest buyer was Sit Investment Associates, adding an estimated $2.35M. The largest seller was Tiedemann Wealth Management Holdings, exiting entirely with an estimated $3.25M sold.
- 60 institutional investors held First Trust Energy Income and Growth Fund (FEN) as of Q2 2017, down from 61 in Q1 2017.
- Funds reported $132M of First Trust Energy Income and Growth Fund stock for Q2 2017, down 8.6% quarter-over-quarter.
- 2 funds opened new First Trust Energy Income and Growth Fund positions in Q2 2017 and 3 closed out, a net change of -1 holder.
- The largest First Trust Energy Income and Growth Fund buyer in Q2 2017 was Sit Investment Associates, an estimated $2.35M added.
- The largest First Trust Energy Income and Growth Fund seller in Q2 2017 was Tiedemann Wealth Management Holdings, an estimated $3.25M sold.
Based on aggregated 13F filings for Q2 2017.