First Trust Specialty Finance and Financial Opportunities Fund
FGB was delisted on the 27th of June, 2025.
28 hedge funds and large institutions have $10.2M invested in First Trust Specialty Finance and Financial Opportunities Fund in 2023 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 10 reducing their positions, and 6 closing their positions.
9% more capital invested
Capital invested by funds: $9.35M → $10.2M (+$845K)
0.06% less ownership
Funds ownership: 21.79% → 21.73% (-0.06%)
10% less funds holding
Funds holding: 31 → 28 (-3)
20% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 10
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CPRC
Consolidated Portfolio Review Corp
Woodbury,
New York
|
+$311K |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$282K |
| 3 |
AGM
Alpine Global Management
New York
|
+$228K |
| 4 |
Morgan Stanley
New York
|
+$143K |
| 5 |
LPL Financial
San Diego,
California
|
+$57.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$418K |
| 2 |
AC
Almitas Capital
Santa Monica,
California
|
-$192K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$168K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$118K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$53.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LC
26
Lindbrook Capital
Calabasas,
California
| $16.3K | – | – | – |
|
27
UBS Group
Zurich,
Switzerland
| $8.59K | +$7.99K | +2,635 | New |
|
28
JP Morgan Chase
New York
| $2.94K | +$2.64K | +871 | +2,903% |
|
|
AC
29
Almitas Capital
Santa Monica,
California
| – | -$192K | -61,254 | Closed |
|
|
30
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$118K | -37,489 | Closed |
|
|
31
Cetera Investment Advisers
Schaumburg,
Illinois
| – | -$53.6K | -17,068 | Closed |
|
32
Bank of America
Charlotte,
North Carolina
| – | -$41.6K | -13,241 | Closed |
|
|
LCM
33
Landscape Capital Management
Englewood,
New Jersey
| – | -$36K | -11,459 | Closed |
|
|
HI
34
Harbour Investments
Madison,
Wisconsin
| – | -$4.99K | -1,590 | Closed |
|
FGB Hedge Fund Activity: Q2 2023 in Review
28 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Specialty Finance and Financial Opportunities Fund (FGB) for Q2 2023, worth a combined $10.2M — up 9% from $9.35M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FGB and 3 opened new positions — a net loss of 3 holders — while 10 trimmed existing stakes and 8 added.
The largest buyer was Consolidated Portfolio Review Corp, adding an estimated $311K. The largest seller was Shaker Financial Services, cutting an estimated $418K.
- 28 institutional investors held First Trust Specialty Finance and Financial Opportunities Fund (FGB) as of Q2 2023, down from 31 in Q1 2023.
- Funds reported $10.2M of First Trust Specialty Finance and Financial Opportunities Fund stock for Q2 2023, up 9% quarter-over-quarter.
- 3 funds opened new First Trust Specialty Finance and Financial Opportunities Fund positions in Q2 2023 and 6 closed out, a net change of -3 holders.
- The largest First Trust Specialty Finance and Financial Opportunities Fund buyer in Q2 2023 was Consolidated Portfolio Review Corp, an estimated $311K added.
- The largest First Trust Specialty Finance and Financial Opportunities Fund seller in Q2 2023 was Shaker Financial Services, an estimated $418K sold.
Based on aggregated 13F filings for Q2 2023.