First Trust Energy Income and Growth Fund
FEN
FEN was delisted on the 3rd of May, 2024.
61 hedge funds and large institutions have $100M invested in First Trust Energy Income and Growth Fund in 2019 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 24 reducing their positions, and 7 closing their positions.
7% more capital invested
Capital invested by funds: $93.4M → $100M (+$6.75M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less funds holding
Funds holding: 62 → 61 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
25% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$3.74M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.26M |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$671K |
| 4 |
CAM
Concorde Asset Management
Ann Arbor,
Michigan
|
+$272K |
| 5 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
+$270K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
-$3.05M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.29M |
| 3 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
-$1.94M |
| 4 |
TA
Tiedemann Advisors
New York
|
-$1.34M |
| 5 |
RVPG
Relative Value Partners Group
|
-$1.18M |
FEN Hedge Fund Activity: Q1 2019 in Review
61 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy Income and Growth Fund (FEN) for Q1 2019, worth a combined $100M — up 7.2% from $93.4M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FEN and 6 opened new positions — a net loss of 1 holder — while 24 trimmed existing stakes and 18 added.
The largest buyer was Coastal Bridge Advisors, adding an estimated $3.74M. The largest seller was Evergreen Capital Management, exiting entirely with an estimated $3.05M sold.
- 61 institutional investors held First Trust Energy Income and Growth Fund (FEN) as of Q1 2019, down from 62 in Q4 2018.
- Funds reported $100M of First Trust Energy Income and Growth Fund stock for Q1 2019, up 7.2% quarter-over-quarter.
- 6 funds opened new First Trust Energy Income and Growth Fund positions in Q1 2019 and 7 closed out, a net change of -1 holder.
- The largest First Trust Energy Income and Growth Fund buyer in Q1 2019 was Coastal Bridge Advisors, an estimated $3.74M added.
- The largest First Trust Energy Income and Growth Fund seller in Q1 2019 was Evergreen Capital Management, an estimated $3.05M sold.
Based on aggregated 13F filings for Q1 2019.