First Trust Energy Income and Growth Fund
FEN
FEN was delisted on the 3rd of May, 2024.
71 hedge funds and large institutions have $67.7M invested in First Trust Energy Income and Growth Fund in 2022 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 26 increasing their positions, 25 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
3% more funds holding
Funds holding: 69 → 71 (+2)
4% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 25
4% less capital invested
Capital invested by funds: $70.6M → $67.7M (-$2.94M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$1.17M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.15M |
| 3 |
Morgan Stanley
New York
|
+$1.14M |
| 4 |
Cohen & Steers
New York
|
+$930K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$766K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LJAC
L.J. Altfest & Co
New York
|
-$1.55M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.11M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$658K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$655K |
| 5 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
-$305K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CWM
76
Castle Wealth Management
West Palm Beach,
Florida
| – | -$107K | -7,178 | Closed |
|
|
OC
77
Oakworth Capital
Birmingham,
Alabama
| – | -$27K | -1,802 | Closed |
|
78
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$13K | -850 | Closed |
|
FEN Hedge Fund Activity: Q4 2022 in Review
71 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy Income and Growth Fund (FEN) for Q4 2022, worth a combined $67.7M — down 4.2% from $70.6M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FEN positions and 7 closed out — a net gain of 3 holders — while 26 added to existing stakes and 25 trimmed.
The largest buyer was Avantax Advisory Services, adding an estimated $1.17M. The largest seller was L.J. Altfest & Co, exiting entirely with an estimated $1.55M sold.
- 71 institutional investors held First Trust Energy Income and Growth Fund (FEN) as of Q4 2022, up from 69 in Q3 2022.
- Funds reported $67.7M of First Trust Energy Income and Growth Fund stock for Q4 2022, down 4.2% quarter-over-quarter.
- 10 funds opened new First Trust Energy Income and Growth Fund positions in Q4 2022 and 7 closed out, a net change of +3 holders.
- The largest First Trust Energy Income and Growth Fund buyer in Q4 2022 was Avantax Advisory Services, an estimated $1.17M added.
- The largest First Trust Energy Income and Growth Fund seller in Q4 2022 was L.J. Altfest & Co, an estimated $1.55M sold.
Based on aggregated 13F filings for Q4 2022.