First Trust Specialty Finance and Financial Opportunities Fund
FGB was delisted on the 27th of June, 2025.
33 hedge funds and large institutions have $11.9M invested in First Trust Specialty Finance and Financial Opportunities Fund in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 1 closing their positions.
700% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 1
18% more funds holding
Funds holding: 28 → 33 (+5)
16% more capital invested
Capital invested by funds: $10.2M → $11.9M (+$1.67M)
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
2.78% more ownership
Funds ownership: 21.73% → 24.51% (+2.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
+$813K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$503K |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$270K |
| 4 |
Morgan Stanley
New York
|
+$171K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$146K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$561K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$118K |
| 3 |
CAG
Csenge Advisory Group
Clearwater,
Florida
|
-$73.1K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$41.9K |
| 5 |
FHA
Flagship Harbor Advisors
Boston,
Massachusetts
|
-$35.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EH
26
Equitable Holdings
New York
| $33.7K | -$20.1K | -6,000 | -38% |
|
|
IA
27
IFP Advisors
Tampa,
Florida
| $28.7K | -$22.4K | -6,698 | -44% |
|
|
SPIA
28
Steward Partners Investment Advisory
New York
| $25K | – | – | – |
|
|
NS
29
NBC Securities
Birmingham,
Alabama
| $21K | +$21.2K | +6,323 | New |
|
30
UBS Group
Zurich,
Switzerland
| $17.3K | +$8.42K | +2,512 | +95% |
|
|
LC
31
Lindbrook Capital
Calabasas,
California
| $16.9K | – | – | – |
|
|
BBPWM
32
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $7.97K | +$7.93K | +2,366 | New |
|
33
JP Morgan Chase
New York
| $3.4K | +$362 | +108 | +12% |
|
|
34
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$118K | -36,282 | Closed |
|
FGB Hedge Fund Activity: Q3 2023 in Review
33 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in First Trust Specialty Finance and Financial Opportunities Fund (FGB) for Q3 2023, worth a combined $11.9M — up 16% from $10.2M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FGB positions and 1 closed out — a net gain of 7 holders — while 11 added to existing stakes and 10 trimmed.
The largest buyer was Matisse Capital, opening a new position worth an estimated $813K. The largest seller was LPL Financial, cutting an estimated $561K.
- 33 institutional investors held First Trust Specialty Finance and Financial Opportunities Fund (FGB) as of Q3 2023, up from 28 in Q2 2023.
- Funds reported $11.9M of First Trust Specialty Finance and Financial Opportunities Fund stock for Q3 2023, up 16% quarter-over-quarter.
- 8 funds opened new First Trust Specialty Finance and Financial Opportunities Fund positions in Q3 2023 and 1 closed out, a net change of +7 holders.
- The largest First Trust Specialty Finance and Financial Opportunities Fund buyer in Q3 2023 was Matisse Capital, an estimated $813K added.
- The largest First Trust Specialty Finance and Financial Opportunities Fund seller in Q3 2023 was LPL Financial, an estimated $561K sold.
Based on aggregated 13F filings for Q3 2023.