First Trust Specialty Finance and Financial Opportunities Fund
FGB was delisted on the 27th of June, 2025.
31 hedge funds and large institutions have $17.8M invested in First Trust Specialty Finance and Financial Opportunities Fund in 2024 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 8 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 7
5% less capital invested
Capital invested by funds: $18.7M → $17.8M (-$935K)
2.75% less ownership
Funds ownership: 34.58% → 31.83% (-2.7%)
14% less funds holding
Funds holding: 36 → 31 (-5)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$1.78M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$610K |
| 3 |
AFG
Atomi Financial Group
New York
|
+$361K |
| 4 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
+$299K |
| 5 |
LPL Financial
San Diego,
California
|
+$276K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
PFG Investments
Woodbury,
New York
|
-$2.09M |
| 2 |
CPRC
Consolidated Portfolio Review Corp
Woodbury,
New York
|
-$1.31M |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
-$774K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$627K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$118K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WS
26
Wedbush Securities
Los Angeles,
California
| $45K | +$3.77K | +1,000 | +10% |
|
|
BAM
27
Belpointe Asset Management
Reno,
Nevada
| $44.9K | +$43.6K | +11,553 | New |
|
|
EH
28
Equitable Holdings
New York
| $38.9K | – | – | – |
|
|
NS
29
NBC Securities
Birmingham,
Alabama
| $24K | – | – | – |
|
|
IA
30
IFP Advisors
Tampa,
Florida
| $23.2K | -$1.76K | -467 | -7% |
|
31
US Bancorp
Minneapolis,
Minnesota
| $11.3K | – | – | – |
|
|
PI
32
PFG Investments
Woodbury,
New York
| – | -$2.09M | -554,102 | Closed |
|
|
MC
33
Matisse Capital
Portland,
Oregon
| – | -$774K | -205,217 | Closed |
|
|
LCM
34
Landscape Capital Management
Englewood,
New Jersey
| – | -$118K | -31,391 | Closed |
|
|
VF
35
Virtu Financial
New York
| – | -$52K | -13,892 | Closed |
|
|
BCA
36
Bay Colony Advisors
Concord,
Massachusetts
| – | -$46.3K | -12,281 | Closed |
|
|
HIC
37
Hartline Investment Corp
Winnetka,
Illinois
| – | -$46.3K | -12,281 | Closed |
|
|
LMKC
38
L.M. Kohn & Company
Cincinnati,
Ohio
| – | -$44.5K | -11,800 | Closed |
|
39
Fidelity Investments
Boston,
Massachusetts
| – | -$4 | -1 | Closed |
|
FGB Hedge Fund Activity: Q2 2024 in Review
31 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in First Trust Specialty Finance and Financial Opportunities Fund (FGB) for Q2 2024, worth a combined $17.8M — down 5% from $18.7M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FGB and 4 opened new positions — a net loss of 4 holders — while 7 trimmed existing stakes and 11 added.
The largest buyer was Saba Capital Management, adding an estimated $1.78M. The largest seller was PFG Investments, exiting entirely with an estimated $2.09M sold.
- 31 institutional investors held First Trust Specialty Finance and Financial Opportunities Fund (FGB) as of Q2 2024, down from 36 in Q1 2024.
- Funds reported $17.8M of First Trust Specialty Finance and Financial Opportunities Fund stock for Q2 2024, down 5% quarter-over-quarter.
- 4 funds opened new First Trust Specialty Finance and Financial Opportunities Fund positions in Q2 2024 and 8 closed out, a net change of -4 holders.
- The largest First Trust Specialty Finance and Financial Opportunities Fund buyer in Q2 2024 was Saba Capital Management, an estimated $1.78M added.
- The largest First Trust Specialty Finance and Financial Opportunities Fund seller in Q2 2024 was PFG Investments, an estimated $2.09M sold.
Based on aggregated 13F filings for Q2 2024.