First Trust Energy Income and Growth Fund
FEN
FEN was delisted on the 3rd of May, 2024.
57 hedge funds and large institutions have $136M invested in First Trust Energy Income and Growth Fund in 2016 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 27 increasing their positions, 18 reducing their positions, and 6 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 18
7% less funds holding
Funds holding: 61 → 57 (-4)
9% less capital invested
Capital invested by funds: $149M → $136M (-$13.8M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$752K |
| 2 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$730K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$704K |
| 4 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$597K |
| 5 |
MBT
Monroe Bank & Trust
Monroe,
Michigan
|
+$528K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TA
Tiedemann Advisors
New York
|
-$10.4M |
| 2 |
CWM
Concert Wealth Management
San Jose,
California
|
-$1.48M |
| 3 |
ACM
Avalon Capital Management
Port Of Redwood City,
California
|
-$1.27M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$721K |
| 5 |
UB
UMB Bank
Kansas City,
Missouri
|
-$571K |
FEN Hedge Fund Activity: Q4 2016 in Review
57 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy Income and Growth Fund (FEN) for Q4 2016, worth a combined $136M — down 9.3% from $149M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FEN and 3 opened new positions — a net loss of 3 holders — while 18 trimmed existing stakes and 27 added.
The largest buyer was Cohen & Steers, adding an estimated $752K. The largest seller was Tiedemann Advisors, exiting entirely with an estimated $10.4M sold.
- 57 institutional investors held First Trust Energy Income and Growth Fund (FEN) as of Q4 2016, down from 61 in Q3 2016.
- Funds reported $136M of First Trust Energy Income and Growth Fund stock for Q4 2016, down 9.3% quarter-over-quarter.
- 3 funds opened new First Trust Energy Income and Growth Fund positions in Q4 2016 and 6 closed out, a net change of -3 holders.
- The largest First Trust Energy Income and Growth Fund buyer in Q4 2016 was Cohen & Steers, an estimated $752K added.
- The largest First Trust Energy Income and Growth Fund seller in Q4 2016 was Tiedemann Advisors, an estimated $10.4M sold.
Based on aggregated 13F filings for Q4 2016.