First Trust Specialty Finance and Financial Opportunities Fund
FGB was delisted on the 27th of June, 2025.
36 hedge funds and large institutions have $18.7M invested in First Trust Specialty Finance and Financial Opportunities Fund in 2024 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 8 closing their positions.
14% more capital invested
Capital invested by funds: $16.4M → $18.7M (+$2.34M)
2.71% more ownership
Funds ownership: 31.87% → 34.58% (+2.7%)
9% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 11
0% more funds holding
Funds holding: 36 → 36 (0)
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
PFG Investments
Woodbury,
New York
|
+$2M |
| 2 |
SCM
Saba Capital Management
New York
|
+$1.6M |
| 3 |
LPL Financial
San Diego,
California
|
+$337K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$251K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$94.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.87M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$433K |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
-$165K |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
-$155K |
| 5 |
BCA
Bay Colony Advisors
Concord,
Massachusetts
|
-$117K |
FGB Hedge Fund Activity: Q1 2024 in Review
36 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in First Trust Specialty Finance and Financial Opportunities Fund (FGB) for Q1 2024, worth a combined $18.7M — up 14% from $16.4M a quarter earlier.
Fund positioning in FGB was balanced in Q1 2024: 8 funds opened new positions, 8 closed out, 12 added to existing stakes and 11 trimmed.
The largest buyer was PFG Investments, opening a new position worth an estimated $2M. The largest seller was Morgan Stanley, cutting an estimated $1.87M.
- 36 institutional investors held First Trust Specialty Finance and Financial Opportunities Fund (FGB) as of Q1 2024, unchanged from Q4 2023.
- Funds reported $18.7M of First Trust Specialty Finance and Financial Opportunities Fund stock for Q1 2024, up 14% quarter-over-quarter.
- 8 funds opened new First Trust Specialty Finance and Financial Opportunities Fund positions in Q1 2024 and 8 closed out, a net change of 0 holders.
- The largest First Trust Specialty Finance and Financial Opportunities Fund buyer in Q1 2024 was PFG Investments, an estimated $2M added.
- The largest First Trust Specialty Finance and Financial Opportunities Fund seller in Q1 2024 was Morgan Stanley, an estimated $1.87M sold.
Based on aggregated 13F filings for Q1 2024.