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FGB

First Trust Specialty Finance and Financial Opportunities Fund
FGB

Delisted

FGB was delisted on the 27th of June, 2025.

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36 hedge funds and large institutions have $16.4M invested in First Trust Specialty Finance and Financial Opportunities Fund in 2023 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 13 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 4

38% more capital invested

Capital invested by funds: $11.9M → $16.4M (+$4.53M)

9% more funds holding

Funds holding: 33 → 36 (+3)

7.36% more ownership

Funds ownership: 24.51% → 31.87% (+7.4%)

23% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 13

Holders
36
Holders Change
+3
Holders Change %
+9.09%
% of All Funds
0.52%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
10
Reduced
13
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.81M
2
LPL Financial
LPL Financial
California
+$1.59M
3
SCM
Saba Capital Management
New York
+$640K
4
PAG
Private Advisor Group
New Jersey
+$258K
5
RCM
Rivernorth Capital Management
Florida
+$125K

Top Sellers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
-$512K
2
Osaic Holdings
Osaic Holdings
Arizona
-$164K
3
CPRC
Consolidated Portfolio Review Corp
New York
-$129K
4
SFC
SYM Financial Corp
Indiana
-$120K
5
RJFSA
Raymond James Financial Services Advisors
Florida
-$107K
Name Holding Trade Value Shares
Change 		Change in
Stake
QCIG
26
Quad-Cities Investment Group
Iowa
$43.2K -$23.8K -7,252 -38%
LMKC
27
L.M. Kohn & Company
Ohio
$42.2K +$38.8K +11,800 New
WS
28
Wedbush Securities
California
$38K +$34.6K +10,522 New
CL
29
CSS LLC
Illinois
$35.9K +$33K +10,027 New
EH
30
Equitable Holdings
New York
$35.8K – – –
IA
31
IFP Advisors
Florida
$30.5K – – –
SPIA
32
Steward Partners Investment Advisory
New York
$26.5K – – –
NS
33
NBC Securities
Alabama
$22K – – –
BBPWM
34
Blue Bell Private Wealth Management
Pennsylvania
$13.1K +$4.27K +1,300 +55%
JP Morgan Chase
35
JP Morgan Chase
New York
$11.5K +$7.24K +2,201 +218%
US Bancorp
36
US Bancorp
Minnesota
$10.4K +$9.53K +2,900 New
KAS
37
KPP Advisory Services
Kentucky
– -$58.4K -17,340 Closed
AWS
38
Atria Wealth Solutions
New York
– -$53.6K -15,900 Closed
UBS Group
39
UBS Group
Switzerland
– -$17.3K -5,147 Closed
LC
40
Lindbrook Capital
California
– -$16.9K -5,000 Closed
1
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FGB Hedge Fund Activity: Q4 2023 in Review

36 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in First Trust Specialty Finance and Financial Opportunities Fund (FGB) for Q4 2023, worth a combined $16.4M — up 38% from $11.9M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new FGB positions and 4 closed out — a net gain of 3 holders — while 10 added to existing stakes and 13 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.81M. The largest seller was Shaker Financial Services, cutting an estimated $512K.

  • 36 institutional investors held First Trust Specialty Finance and Financial Opportunities Fund (FGB) as of Q4 2023, up from 33 in Q3 2023.
  • Funds reported $16.4M of First Trust Specialty Finance and Financial Opportunities Fund stock for Q4 2023, up 38% quarter-over-quarter.
  • 7 funds opened new First Trust Specialty Finance and Financial Opportunities Fund positions in Q4 2023 and 4 closed out, a net change of +3 holders.
  • The largest First Trust Specialty Finance and Financial Opportunities Fund buyer in Q4 2023 was Morgan Stanley, an estimated $1.81M added.
  • The largest First Trust Specialty Finance and Financial Opportunities Fund seller in Q4 2023 was Shaker Financial Services, an estimated $512K sold.

Based on aggregated 13F filings for Q4 2023.