First Trust Specialty Finance and Financial Opportunities Fund
FGB was delisted on the 27th of June, 2025.
31 hedge funds and large institutions have $9.35M invested in First Trust Specialty Finance and Financial Opportunities Fund in 2023 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 10 increasing their positions, 8 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
37% more capital invested
Capital invested by funds: $6.83M → $9.35M (+$2.51M)
25% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 8
15% more funds holding
Funds holding: 27 → 31 (+4)
6.37% more ownership
Funds ownership: 15.43% → 21.79% (+6.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$520K |
| 2 |
AC
Almitas Capital
Santa Monica,
California
|
+$198K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$121K |
| 4 |
Morgan Stanley
New York
|
+$114K |
| 5 |
LPL Financial
San Diego,
California
|
+$108K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$38.5K |
| 2 |
BWA
BDO Wealth Advisors
Jacksonville,
Florida
|
-$35.7K |
| 3 |
MCC
Money Concepts Capital
Palm Beach Gardens,
Florida
|
-$17.6K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$15.9K |
| 5 |
CAG
Csenge Advisory Group
Clearwater,
Florida
|
-$11.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LCM
26
Landscape Capital Management
Englewood,
New Jersey
| $36K | +$37K | +11,459 | New |
|
|
SPIA
27
Steward Partners Investment Advisory
New York
| $23.3K | – | – | – |
|
|
LC
28
Lindbrook Capital
Calabasas,
California
| $15.7K | – | – | – |
|
|
HI
29
Harbour Investments
Madison,
Wisconsin
| $4.99K | -$2.58K | -800 | -33% |
|
30
Commonwealth Equity Services
Waltham,
Massachusetts
| $531 | +$24.7K | +7,644 | +5% |
|
|
31
UBS Group
Zurich,
Switzerland
| – | -$38.5K | -12,570 | Closed |
|
|
MCC
32
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$17.6K | -5,750 | Closed |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| – | -$1K | -300 | Closed |
|
|
NA
34
NewEdge Advisors
New Orleans,
Louisiana
| – | -$459 | -150 | Closed |
|
35
JP Morgan Chase
New York
| – | +$97 | +30 | New |
|
FGB Hedge Fund Activity: Q1 2023 in Review
31 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in First Trust Specialty Finance and Financial Opportunities Fund (FGB) for Q1 2023, worth a combined $9.35M — up 37% from $6.83M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FGB positions and 4 closed out — a net gain of 4 holders — while 10 added to existing stakes and 8 trimmed.
The largest buyer was Shaker Financial Services, adding an estimated $520K. The largest seller was UBS Group, exiting entirely with an estimated $38.5K sold.
- 31 institutional investors held First Trust Specialty Finance and Financial Opportunities Fund (FGB) as of Q1 2023, up from 27 in Q4 2022.
- Funds reported $9.35M of First Trust Specialty Finance and Financial Opportunities Fund stock for Q1 2023, up 37% quarter-over-quarter.
- 8 funds opened new First Trust Specialty Finance and Financial Opportunities Fund positions in Q1 2023 and 4 closed out, a net change of +4 holders.
- The largest First Trust Specialty Finance and Financial Opportunities Fund buyer in Q1 2023 was Shaker Financial Services, an estimated $520K added.
- The largest First Trust Specialty Finance and Financial Opportunities Fund seller in Q1 2023 was UBS Group, an estimated $38.5K sold.
Based on aggregated 13F filings for Q1 2023.