First Trust Specialty Finance and Financial Opportunities Fund
FGB was delisted on the 27th of June, 2025.
26 hedge funds and large institutions have $12.3M invested in First Trust Specialty Finance and Financial Opportunities Fund in 2019 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
18% more funds holding
Funds holding: 22 → 26 (+4)
15% more capital invested
Capital invested by funds: $10.6M → $12.3M (+$1.63M)
2.34% more ownership
Funds ownership: 11.97% → 14.31% (+2.3%)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$672K |
| 2 |
Bank of New York Mellon
New York
|
+$653K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$214K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$175K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$153K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$109K |
| 2 |
FHA
Flagship Harbor Advisors
Boston,
Massachusetts
|
-$42K |
| 3 |
CA
Cetera Advisors
Denver,
Colorado
|
-$41.9K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$33.8K |
| 5 |
Morgan Stanley
New York
|
-$24.3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of America
Charlotte,
North Carolina
| $3K | -$14.5K | -2,379 | -82% |
|
|
27
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$109K | -17,592 | Closed |
|
FGB Hedge Fund Activity: Q4 2019 in Review
26 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in First Trust Specialty Finance and Financial Opportunities Fund (FGB) for Q4 2019, worth a combined $12.3M — up 15% from $10.6M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FGB positions and 1 closed out — a net gain of 5 holders — while 8 added to existing stakes and 9 trimmed.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $672K. The largest seller was Susquehanna International Group, exiting entirely with an estimated $109K sold.
- 26 institutional investors held First Trust Specialty Finance and Financial Opportunities Fund (FGB) as of Q4 2019, up from 22 in Q3 2019.
- Funds reported $12.3M of First Trust Specialty Finance and Financial Opportunities Fund stock for Q4 2019, up 15% quarter-over-quarter.
- 6 funds opened new First Trust Specialty Finance and Financial Opportunities Fund positions in Q4 2019 and 1 closed out, a net change of +5 holders.
- The largest First Trust Specialty Finance and Financial Opportunities Fund buyer in Q4 2019 was Wolverine Asset Management, an estimated $672K added.
- The largest First Trust Specialty Finance and Financial Opportunities Fund seller in Q4 2019 was Susquehanna International Group, an estimated $109K sold.
Based on aggregated 13F filings for Q4 2019.