First Trust Specialty Finance and Financial Opportunities Fund
FGB was delisted on the 27th of June, 2025.
21 hedge funds and large institutions have $4.12M invested in First Trust Specialty Finance and Financial Opportunities Fund in 2020 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 10 increasing their positions, 6 reducing their positions, and 6 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 6
0.44% less ownership
Funds ownership: 14.31% → 13.87% (-0.44%)
19% less funds holding
Funds holding: 26 → 21 (-5)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
66% less capital invested
Capital invested by funds: $12.3M → $4.12M (-$8.16M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$423K |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$296K |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$109K |
| 4 |
Goldman Sachs
New York
|
+$87.2K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$79.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$659K |
| 2 |
Bank of New York Mellon
New York
|
-$640K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$150K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$86K |
| 5 |
FIA
FNY Investment Advisers
New York
|
-$74K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FIA
26
FNY Investment Advisers
New York
| – | -$74K | -12,472 | Closed |
|
27
Bank of America
Charlotte,
North Carolina
| – | -$3K | -537 | Closed |
|
FGB Hedge Fund Activity: Q1 2020 in Review
21 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in First Trust Specialty Finance and Financial Opportunities Fund (FGB) for Q1 2020, worth a combined $4.12M — down 66% from $12.3M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FGB and 3 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 10 added.
The largest buyer was Morgan Stanley, adding an estimated $423K. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $659K sold.
- 21 institutional investors held First Trust Specialty Finance and Financial Opportunities Fund (FGB) as of Q1 2020, down from 26 in Q4 2019.
- Funds reported $4.12M of First Trust Specialty Finance and Financial Opportunities Fund stock for Q1 2020, down 66% quarter-over-quarter.
- 3 funds opened new First Trust Specialty Finance and Financial Opportunities Fund positions in Q1 2020 and 6 closed out, a net change of -3 holders.
- The largest First Trust Specialty Finance and Financial Opportunities Fund buyer in Q1 2020 was Morgan Stanley, an estimated $423K added.
- The largest First Trust Specialty Finance and Financial Opportunities Fund seller in Q1 2020 was Wolverine Asset Management, an estimated $659K sold.
Based on aggregated 13F filings for Q1 2020.