First Trust Energy Income and Growth Fund
FEN
FEN was delisted on the 3rd of May, 2024.
70 hedge funds and large institutions have $64.6M invested in First Trust Energy Income and Growth Fund in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 28 reducing their positions, and 6 closing their positions.
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
9% more capital invested
Capital invested by funds: $59.2M → $64.6M (+$5.33M)
1% more funds holding
Funds holding: 69 → 70 (+1)
29% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.07M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$1.39M |
| 3 |
Cohen & Steers
New York
|
+$678K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$478K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$446K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MML Investors Services
Springfield,
Massachusetts
|
-$3.09M |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$1.73M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$632K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$558K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$424K |
FEN Hedge Fund Activity: Q2 2023 in Review
70 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy Income and Growth Fund (FEN) for Q2 2023, worth a combined $64.6M — up 9% from $59.2M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FEN positions and 6 closed out — a net gain of 1 holder — while 20 added to existing stakes and 28 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $4.07M. The largest seller was MML Investors Services, exiting entirely with an estimated $3.09M sold.
- 70 institutional investors held First Trust Energy Income and Growth Fund (FEN) as of Q2 2023, up from 69 in Q1 2023.
- Funds reported $64.6M of First Trust Energy Income and Growth Fund stock for Q2 2023, up 9% quarter-over-quarter.
- 7 funds opened new First Trust Energy Income and Growth Fund positions in Q2 2023 and 6 closed out, a net change of +1 holder.
- The largest First Trust Energy Income and Growth Fund buyer in Q2 2023 was Saba Capital Management, an estimated $4.07M added.
- The largest First Trust Energy Income and Growth Fund seller in Q2 2023 was MML Investors Services, an estimated $3.09M sold.
Based on aggregated 13F filings for Q2 2023.