First Trust Energy Income and Growth Fund
FEN
FEN was delisted on the 3rd of May, 2024.
61 hedge funds and large institutions have $135M invested in First Trust Energy Income and Growth Fund in 2016 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 23 increasing their positions, 22 reducing their positions, and 10 closing their positions.
5% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 22
2% less capital invested
Capital invested by funds: $138M → $135M (-$3.01M)
1.38% less ownership
Funds ownership: 31.43% → 30.05% (-1.4%)
5% less funds holding
Funds holding: 64 → 61 (-3)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RAM
Riggs Asset Management
Dallas,
Pennsylvania
|
+$2.34M |
| 2 |
AIM
Allen Investment Management
New York
|
+$2.06M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.42M |
| 4 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$1.18M |
| 5 |
ACM
Avalon Capital Management
Port Of Redwood City,
California
|
+$1.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TA
Tiedemann Advisors
New York
|
-$3.11M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$3.03M |
| 3 |
Morgan Stanley
New York
|
-$2.19M |
| 4 |
UB
UMB Bank
Kansas City,
Missouri
|
-$1.82M |
| 5 |
SG Americas Securities
New York
|
-$1.27M |
FEN Hedge Fund Activity: Q1 2016 in Review
61 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy Income and Growth Fund (FEN) for Q1 2016, worth a combined $135M — down 2.2% from $138M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of FEN and 7 opened new positions — a net loss of 3 holders — while 22 trimmed existing stakes and 23 added.
The largest buyer was Riggs Asset Management, opening a new position worth an estimated $2.34M. The largest seller was Tiedemann Advisors, cutting an estimated $3.11M.
- 61 institutional investors held First Trust Energy Income and Growth Fund (FEN) as of Q1 2016, down from 64 in Q4 2015.
- Funds reported $135M of First Trust Energy Income and Growth Fund stock for Q1 2016, down 2.2% quarter-over-quarter.
- 7 funds opened new First Trust Energy Income and Growth Fund positions in Q1 2016 and 10 closed out, a net change of -3 holders.
- The largest First Trust Energy Income and Growth Fund buyer in Q1 2016 was Riggs Asset Management, an estimated $2.34M added.
- The largest First Trust Energy Income and Growth Fund seller in Q1 2016 was Tiedemann Advisors, an estimated $3.11M sold.
Based on aggregated 13F filings for Q1 2016.