First Trust Specialty Finance and Financial Opportunities Fund
FGB was delisted on the 27th of June, 2025.
21 hedge funds and large institutions have $4.65M invested in First Trust Specialty Finance and Financial Opportunities Fund in 2020 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 7 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
17% more funds holding
Funds holding: 18 → 21 (+3)
1.69% more ownership
Funds ownership: 12.47% → 14.16% (+1.7%)
20% less capital invested
Capital invested by funds: $5.83M → $4.65M (-$1.18M)
29% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$459K |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$196K |
| 3 |
Morgan Stanley
New York
|
+$174K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$123K |
| 5 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
+$98.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FHA
Flagship Harbor Advisors
Boston,
Massachusetts
|
-$169K |
| 2 |
QCIG
Quad-Cities Investment Group
Davenport,
Iowa
|
-$149K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$69.3K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$38.9K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$33.7K |
FGB Hedge Fund Activity: Q3 2020 in Review
21 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in First Trust Specialty Finance and Financial Opportunities Fund (FGB) for Q3 2020, worth a combined $4.65M — down 20% from $5.83M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FGB positions and 2 closed out — a net gain of 3 holders — while 5 added to existing stakes and 7 trimmed.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $459K. The largest seller was Flagship Harbor Advisors, cutting an estimated $169K.
- 21 institutional investors held First Trust Specialty Finance and Financial Opportunities Fund (FGB) as of Q3 2020, up from 18 in Q2 2020.
- Funds reported $4.65M of First Trust Specialty Finance and Financial Opportunities Fund stock for Q3 2020, down 20% quarter-over-quarter.
- 5 funds opened new First Trust Specialty Finance and Financial Opportunities Fund positions in Q3 2020 and 2 closed out, a net change of +3 holders.
- The largest First Trust Specialty Finance and Financial Opportunities Fund buyer in Q3 2020 was Wolverine Asset Management, an estimated $459K added.
- The largest First Trust Specialty Finance and Financial Opportunities Fund seller in Q3 2020 was Flagship Harbor Advisors, an estimated $169K sold.
Based on aggregated 13F filings for Q3 2020.