First Trust/abrdn Emerging Opportunity Fund
FEO was delisted on the 1st of December, 2022.
18 hedge funds and large institutions have $15M invested in First Trust/abrdn Emerging Opportunity Fund in 2022 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 7 reducing their positions, and 7 closing their positions.
6% more capital invested
Capital invested by funds: $14.1M → $15M (+$883K)
18% less funds holding
Funds holding: 22 → 18 (-4)
29% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 7
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$1.64M |
| 2 |
SCM
Saba Capital Management
New York
|
+$1.4M |
| 3 |
CL
CSS LLC
Chicago,
Illinois
|
+$800K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$114K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$36.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.16M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$681K |
| 3 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$490K |
| 4 |
ARC
Advisor Resource Council
Dallas,
Texas
|
-$185K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$184K |
FEO Hedge Fund Activity: Q3 2022 in Review
18 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in First Trust/abrdn Emerging Opportunity Fund (FEO) for Q3 2022, worth a combined $15M — up 6.2% from $14.1M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FEO and 3 opened new positions — a net loss of 4 holders — while 7 trimmed existing stakes and 5 added.
The largest buyer was Clough Capital Partners, opening a new position worth an estimated $1.64M. The largest seller was Morgan Stanley, cutting an estimated $1.16M.
- 18 institutional investors held First Trust/abrdn Emerging Opportunity Fund (FEO) as of Q3 2022, down from 22 in Q2 2022.
- Funds reported $15M of First Trust/abrdn Emerging Opportunity Fund stock for Q3 2022, up 6.2% quarter-over-quarter.
- 3 funds opened new First Trust/abrdn Emerging Opportunity Fund positions in Q3 2022 and 7 closed out, a net change of -4 holders.
- The largest First Trust/abrdn Emerging Opportunity Fund buyer in Q3 2022 was Clough Capital Partners, an estimated $1.64M added.
- The largest First Trust/abrdn Emerging Opportunity Fund seller in Q3 2022 was Morgan Stanley, an estimated $1.16M sold.
Based on aggregated 13F filings for Q3 2022.