First Trust Energy Income and Growth Fund
FEN
FEN was delisted on the 3rd of May, 2024.
70 hedge funds and large institutions have $115M invested in First Trust Energy Income and Growth Fund in 2018 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 22 increasing their positions, 22 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
4% more funds holding
Funds holding: 67 → 70 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 22
3% less capital invested
Capital invested by funds: $119M → $115M (-$3.47M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$3.42M |
| 2 |
SFS
Sowell Financial Services
North Little Rock,
Arkansas
|
+$1.93M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$677K |
| 4 |
Millennium Management
New York
|
+$458K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$420K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.12M |
| 2 |
Morgan Stanley
New York
|
-$1.13M |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$864K |
| 4 |
Cohen & Steers
New York
|
-$718K |
| 5 |
CCB
Cutter & Co Brokerage
Ballwin,
Missouri
|
-$676K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WT
76
Washington Trust
Westerly,
Rhode Island
| – | -$7K | -300 | Closed |
|
77
SEI Investments
Oaks,
Pennsylvania
| – | -$5K | -200 | Closed |
|
78
Fidelity Investments
Boston,
Massachusetts
| – | +$23 | +1 | New |
|
FEN Hedge Fund Activity: Q3 2018 in Review
70 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy Income and Growth Fund (FEN) for Q3 2018, worth a combined $115M — down 2.9% from $119M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FEN positions and 7 closed out — a net gain of 3 holders — while 22 added to existing stakes and 22 trimmed.
The largest buyer was Coastal Bridge Advisors, adding an estimated $3.42M. The largest seller was Sit Investment Associates, cutting an estimated $2.12M.
- 70 institutional investors held First Trust Energy Income and Growth Fund (FEN) as of Q3 2018, up from 67 in Q2 2018.
- Funds reported $115M of First Trust Energy Income and Growth Fund stock for Q3 2018, down 2.9% quarter-over-quarter.
- 10 funds opened new First Trust Energy Income and Growth Fund positions in Q3 2018 and 7 closed out, a net change of +3 holders.
- The largest First Trust Energy Income and Growth Fund buyer in Q3 2018 was Coastal Bridge Advisors, an estimated $3.42M added.
- The largest First Trust Energy Income and Growth Fund seller in Q3 2018 was Sit Investment Associates, an estimated $2.12M sold.
Based on aggregated 13F filings for Q3 2018.