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FEN

First Trust Energy Income and Growth Fund

Delisted

FEN was delisted on the 3rd of May, 2024.

70 hedge funds and large institutions have $64.6M invested in First Trust Energy Income and Growth Fund in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 28 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

9% more capital invested

Capital invested by funds: $59.2M → $64.6M (+$5.33M)

1% more funds holding

Funds holding: 6970 (+1)

29% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 28

Holders
70
Holders Change
+1
Holders Change %
+1.45%
% of All Funds
1.1%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
7
Increased
20
Reduced
28
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
HI
76
Harbour Investments
Wisconsin
-$4.54K -350 Closed

FEN Hedge Fund Activity: Q2 2023 in Review

70 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy Income and Growth Fund (FEN) for Q2 2023, worth a combined $64.6M — up 9% from $59.2M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new FEN positions and 6 closed out — a net gain of 1 holder — while 20 added to existing stakes and 28 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $4.07M. The largest seller was MML Investors Services, exiting entirely with an estimated $3.09M sold.

  • 70 institutional investors held First Trust Energy Income and Growth Fund (FEN) as of Q2 2023, up from 69 in Q1 2023.
  • Funds reported $64.6M of First Trust Energy Income and Growth Fund stock for Q2 2023, up 9% quarter-over-quarter.
  • 7 funds opened new First Trust Energy Income and Growth Fund positions in Q2 2023 and 6 closed out, a net change of +1 holder.
  • The largest First Trust Energy Income and Growth Fund buyer in Q2 2023 was Saba Capital Management, an estimated $4.07M added.
  • The largest First Trust Energy Income and Growth Fund seller in Q2 2023 was MML Investors Services, an estimated $3.09M sold.

Based on aggregated 13F filings for Q2 2023.