First Trust Specialty Finance and Financial Opportunities Fund
FGB was delisted on the 27th of June, 2025.
40 hedge funds and large institutions have $22.9M invested in First Trust Specialty Finance and Financial Opportunities Fund in 2025 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 8 closing their positions.
0% more capital invested
Capital invested by funds: $22.8M → $22.9M (+$108K)
0% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 13
0.54% less ownership
Funds ownership: 37.75% → 37.2% (-0.54%)
5% less funds holding
Funds holding: 42 → 40 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$585K |
| 2 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$415K |
| 3 |
NS
NBC Securities
Birmingham,
Alabama
|
+$314K |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
+$287K |
| 5 |
Morgan Stanley
New York
|
+$217K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AGM
Alpine Global Management
New York
|
-$671K |
| 2 |
FHA
Flagship Harbor Advisors
Boston,
Massachusetts
|
-$439K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$369K |
| 4 |
CC
CF Capital
Cohasset,
Massachusetts
|
-$360K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$131K |
FGB Hedge Fund Activity: Q1 2025 in Review
40 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in First Trust Specialty Finance and Financial Opportunities Fund (FGB) for Q1 2025, worth a combined $22.9M — up 0.47% from $22.8M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FGB and 6 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 13 added.
The largest buyer was Sit Investment Associates, adding an estimated $585K. The largest seller was Alpine Global Management, exiting entirely with an estimated $671K sold.
- 40 institutional investors held First Trust Specialty Finance and Financial Opportunities Fund (FGB) as of Q1 2025, down from 42 in Q4 2024.
- Funds reported $22.9M of First Trust Specialty Finance and Financial Opportunities Fund stock for Q1 2025, up 0.47% quarter-over-quarter.
- 6 funds opened new First Trust Specialty Finance and Financial Opportunities Fund positions in Q1 2025 and 8 closed out, a net change of -2 holders.
- The largest First Trust Specialty Finance and Financial Opportunities Fund buyer in Q1 2025 was Sit Investment Associates, an estimated $585K added.
- The largest First Trust Specialty Finance and Financial Opportunities Fund seller in Q1 2025 was Alpine Global Management, an estimated $671K sold.
Based on aggregated 13F filings for Q1 2025.