First Trust Energy Income and Growth Fund
FEN
FEN was delisted on the 3rd of May, 2024.
60 hedge funds and large institutions have $113M invested in First Trust Energy Income and Growth Fund in 2018 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 23 increasing their positions, 18 reducing their positions, and 10 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 18
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.74% less ownership
Funds ownership: 26.86% → 26.12% (-0.74%)
6% less funds holding
Funds holding: 64 → 60 (-4)
18% less capital invested
Capital invested by funds: $138M → $113M (-$24.9M)
20% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.22M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.05M |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$1.05M |
| 4 |
Cohen & Steers
New York
|
+$822K |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$751K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.89M |
| 2 |
TA
Tiedemann Advisors
New York
|
-$1.07M |
| 3 |
ACM
Avalon Capital Management
Port Of Redwood City,
California
|
-$992K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$815K |
| 5 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
-$718K |
FEN Hedge Fund Activity: Q1 2018 in Review
60 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy Income and Growth Fund (FEN) for Q1 2018, worth a combined $113M — down 18% from $138M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of FEN and 8 opened new positions — a net loss of 2 holders — while 18 trimmed existing stakes and 23 added.
The largest buyer was Guggenheim Capital, adding an estimated $1.22M. The largest seller was Sit Investment Associates, cutting an estimated $1.89M.
- 60 institutional investors held First Trust Energy Income and Growth Fund (FEN) as of Q1 2018, down from 64 in Q4 2017.
- Funds reported $113M of First Trust Energy Income and Growth Fund stock for Q1 2018, down 18% quarter-over-quarter.
- 8 funds opened new First Trust Energy Income and Growth Fund positions in Q1 2018 and 10 closed out, a net change of -2 holders.
- The largest First Trust Energy Income and Growth Fund buyer in Q1 2018 was Guggenheim Capital, an estimated $1.22M added.
- The largest First Trust Energy Income and Growth Fund seller in Q1 2018 was Sit Investment Associates, an estimated $1.89M sold.
Based on aggregated 13F filings for Q1 2018.