First Trust Energy Income and Growth Fund
FEN
FEN was delisted on the 3rd of May, 2024.
57 hedge funds and large institutions have $166M invested in First Trust Energy Income and Growth Fund in 2015 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 24 increasing their positions, 21 reducing their positions, and 11 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 21
9% less capital invested
Capital invested by funds: $183M → $166M (-$16.6M)
10% less funds holding
Funds holding: 63 → 57 (-6)
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFM
Boston Financial Management
Boston,
Massachusetts
|
+$758K |
| 2 |
Invesco
Atlanta,
Georgia
|
+$736K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$490K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$408K |
| 5 |
OFG
OTA Financial Group
Purchase,
New York
|
+$383K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.14M |
| 2 |
TT
Tiedemann Trust
Wilmington,
Delaware
|
-$1.91M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.16M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$810K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$756K |
FEN Hedge Fund Activity: Q1 2015 in Review
57 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy Income and Growth Fund (FEN) for Q1 2015, worth a combined $166M — down 9.1% from $183M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of FEN and 6 opened new positions — a net loss of 5 holders — while 21 trimmed existing stakes and 24 added.
The largest buyer was Boston Financial Management, adding an estimated $758K. The largest seller was Cornerstone Advisors, exiting entirely with an estimated $2.14M sold.
- 57 institutional investors held First Trust Energy Income and Growth Fund (FEN) as of Q1 2015, down from 63 in Q4 2014.
- Funds reported $166M of First Trust Energy Income and Growth Fund stock for Q1 2015, down 9.1% quarter-over-quarter.
- 6 funds opened new First Trust Energy Income and Growth Fund positions in Q1 2015 and 11 closed out, a net change of -5 holders.
- The largest First Trust Energy Income and Growth Fund buyer in Q1 2015 was Boston Financial Management, an estimated $758K added.
- The largest First Trust Energy Income and Growth Fund seller in Q1 2015 was Cornerstone Advisors, an estimated $2.14M sold.
Based on aggregated 13F filings for Q1 2015.