First Trust Energy Income and Growth Fund
FEN
FEN was delisted on the 3rd of May, 2024.
60 hedge funds and large institutions have $140M invested in First Trust Energy Income and Growth Fund in 2016 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 23 increasing their positions, 21 reducing their positions, and 7 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
10% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 21
4% more capital invested
Capital invested by funds: $135M → $140M (+$4.89M)
2% less funds holding
Funds holding: 61 → 60 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RAM
Riggs Asset Management
Dallas,
Pennsylvania
|
+$2.43M |
| 2 |
ACM
Avalon Capital Management
Port Of Redwood City,
California
|
+$632K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$630K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$589K |
| 5 |
MBT
Monroe Bank & Trust
Monroe,
Michigan
|
+$548K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$2.52M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.52M |
| 3 |
EM
EnTrustPermal Management
New York
|
-$2.27M |
| 4 |
CCB
Cutter & Co Brokerage
Ballwin,
Missouri
|
-$1.9M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.86M |
FEN Hedge Fund Activity: Q2 2016 in Review
60 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy Income and Growth Fund (FEN) for Q2 2016, worth a combined $140M — up 3.6% from $135M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FEN and 6 opened new positions — a net loss of 1 holder — while 21 trimmed existing stakes and 23 added.
The largest buyer was Riggs Asset Management, adding an estimated $2.43M. The largest seller was LPL Financial, cutting an estimated $2.52M.
- 60 institutional investors held First Trust Energy Income and Growth Fund (FEN) as of Q2 2016, down from 61 in Q1 2016.
- Funds reported $140M of First Trust Energy Income and Growth Fund stock for Q2 2016, up 3.6% quarter-over-quarter.
- 6 funds opened new First Trust Energy Income and Growth Fund positions in Q2 2016 and 7 closed out, a net change of -1 holder.
- The largest First Trust Energy Income and Growth Fund buyer in Q2 2016 was Riggs Asset Management, an estimated $2.43M added.
- The largest First Trust Energy Income and Growth Fund seller in Q2 2016 was LPL Financial, an estimated $2.52M sold.
Based on aggregated 13F filings for Q2 2016.