First Trust Energy Income and Growth Fund
FEN
FEN was delisted on the 3rd of May, 2024.
69 hedge funds and large institutions have $60.4M invested in First Trust Energy Income and Growth Fund in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 23 increasing their positions, 26 reducing their positions, and 8 closing their positions.
3% less funds holding
Funds holding: 71 → 69 (-2)
11% less capital invested
Capital invested by funds: $67.7M → $60.4M (-$7.28M)
12% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 26
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$1.66M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.6M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$1.35M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$550K |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$416K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MML Investors Services
Springfield,
Massachusetts
|
-$2.77M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.56M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$797K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$733K |
| 5 |
RCA
Reitz Capital Advisors
Freeland,
Michigan
|
-$527K |
FEN Hedge Fund Activity: Q1 2023 in Review
69 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy Income and Growth Fund (FEN) for Q1 2023, worth a combined $60.4M — down 11% from $67.7M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FEN and 6 opened new positions — a net loss of 2 holders — while 26 trimmed existing stakes and 23 added.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $1.66M. The largest seller was MML Investors Services, cutting an estimated $2.77M.
- 69 institutional investors held First Trust Energy Income and Growth Fund (FEN) as of Q1 2023, down from 71 in Q4 2022.
- Funds reported $60.4M of First Trust Energy Income and Growth Fund stock for Q1 2023, down 11% quarter-over-quarter.
- 6 funds opened new First Trust Energy Income and Growth Fund positions in Q1 2023 and 8 closed out, a net change of -2 holders.
- The largest First Trust Energy Income and Growth Fund buyer in Q1 2023 was Saba Capital Management, an estimated $1.66M added.
- The largest First Trust Energy Income and Growth Fund seller in Q1 2023 was MML Investors Services, an estimated $2.77M sold.
Based on aggregated 13F filings for Q1 2023.