First Trust Specialty Finance and Financial Opportunities Fund
FGB was delisted on the 27th of June, 2025.
38 hedge funds and large institutions have $19.5M invested in First Trust Specialty Finance and Financial Opportunities Fund in 2024 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
23% more funds holding
Funds holding: 31 → 38 (+7)
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
10% more capital invested
Capital invested by funds: $17.8M → $19.5M (+$1.69M)
1.5% more ownership
Funds ownership: 31.83% → 33.33% (+1.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.13M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$721K |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
+$710K |
| 4 |
GLA
Good Life Advisors
Reading,
Pennsylvania
|
+$215K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$112K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$1.43M |
| 2 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
-$313K |
| 3 |
CPRC
Consolidated Portfolio Review Corp
Woodbury,
New York
|
-$291K |
| 4 |
LPL Financial
San Diego,
California
|
-$180K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$174K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KAS
26
KPP Advisory Services
Louisville,
Kentucky
| $54.9K | – | – | – |
|
27
Cetera Investment Advisers
Schaumburg,
Illinois
| $54.1K | – | – | – |
|
|
CL
28
CSS LLC
Chicago,
Illinois
| $51.7K | +$50.2K | +12,697 | New |
|
|
LMKC
29
L.M. Kohn & Company
Cincinnati,
Ohio
| $48K | +$46.7K | +11,800 | New |
|
30
Jane Street
New York
| $47.6K | +$46.2K | +11,687 | New |
|
|
BAM
31
Belpointe Asset Management
Reno,
Nevada
| $47.4K | +$404 | +102 | +0.9% |
|
|
WS
32
Wedbush Securities
Los Angeles,
California
| $47K | – | – | – |
|
|
EH
33
Equitable Holdings
New York
| $40.7K | – | – | – |
|
|
IA
34
IFP Advisors
Tampa,
Florida
| $27.8K | +$3.38K | +855 | +14% |
|
|
NS
35
NBC Securities
Birmingham,
Alabama
| $25K | – | – | – |
|
36
US Bancorp
Minneapolis,
Minnesota
| $11.8K | – | – | – |
|
37
Bank of America
Charlotte,
North Carolina
| $7.49K | +$7.28K | +1,840 | New |
|
38
UBS Group
Zurich,
Switzerland
| $2.96K | +$2.88K | +728 | New |
|
|
AW
39
Atlas Wealth
Cincinnati,
Ohio
| – | -$313K | -79,231 | Closed |
|
FGB Hedge Fund Activity: Q3 2024 in Review
38 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in First Trust Specialty Finance and Financial Opportunities Fund (FGB) for Q3 2024, worth a combined $19.5M — up 9.5% from $17.8M 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 Sit Investment Associates, opening a new position worth an estimated $1.13M. The largest seller was Saba Capital Management, cutting an estimated $1.43M.
- 38 institutional investors held First Trust Specialty Finance and Financial Opportunities Fund (FGB) as of Q3 2024, up from 31 in Q2 2024.
- Funds reported $19.5M of First Trust Specialty Finance and Financial Opportunities Fund stock for Q3 2024, up 9.5% quarter-over-quarter.
- 8 funds opened new First Trust Specialty Finance and Financial Opportunities Fund positions in Q3 2024 and 1 closed out, a net change of +7 holders.
- The largest First Trust Specialty Finance and Financial Opportunities Fund buyer in Q3 2024 was Sit Investment Associates, an estimated $1.13M added.
- The largest First Trust Specialty Finance and Financial Opportunities Fund seller in Q3 2024 was Saba Capital Management, an estimated $1.43M sold.
Based on aggregated 13F filings for Q3 2024.