First Trust Energy Income and Growth Fund
FEN
FEN was delisted on the 3rd of May, 2024.
69 hedge funds and large institutions have $70.6M invested in First Trust Energy Income and Growth Fund in 2022 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 26 increasing their positions, 22 reducing their positions, and 7 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 22
4% less funds holding
Funds holding: 72 → 69 (-3)
10% less capital invested
Capital invested by funds: $78M → $70.6M (-$7.44M)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MML Investors Services
Springfield,
Massachusetts
|
+$6.52M |
| 2 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$524K |
| 3 |
LPL Financial
San Diego,
California
|
+$388K |
| 4 |
Morgan Stanley
New York
|
+$352K |
| 5 |
CG
CFO4Life Group
Coppell,
Texas
|
+$206K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$6.11M |
| 2 |
BCM
Brasada Capital Management
Houston,
Texas
|
-$1.7M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$650K |
| 4 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
-$624K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$515K |
FEN Hedge Fund Activity: Q3 2022 in Review
69 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy Income and Growth Fund (FEN) for Q3 2022, worth a combined $70.6M — down 9.5% from $78M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FEN and 4 opened new positions — a net loss of 3 holders — while 22 trimmed existing stakes and 26 added.
The largest buyer was MML Investors Services, opening a new position worth an estimated $6.52M. The largest seller was Northwestern Mutual Wealth Management, cutting an estimated $6.11M.
- 69 institutional investors held First Trust Energy Income and Growth Fund (FEN) as of Q3 2022, down from 72 in Q2 2022.
- Funds reported $70.6M of First Trust Energy Income and Growth Fund stock for Q3 2022, down 9.5% quarter-over-quarter.
- 4 funds opened new First Trust Energy Income and Growth Fund positions in Q3 2022 and 7 closed out, a net change of -3 holders.
- The largest First Trust Energy Income and Growth Fund buyer in Q3 2022 was MML Investors Services, an estimated $6.52M added.
- The largest First Trust Energy Income and Growth Fund seller in Q3 2022 was Northwestern Mutual Wealth Management, an estimated $6.11M sold.
Based on aggregated 13F filings for Q3 2022.