First Trust Specialty Finance and Financial Opportunities Fund
FGB was delisted on the 27th of June, 2025.
36 hedge funds and large institutions have $14.5M invested in First Trust Specialty Finance and Financial Opportunities Fund in 2023 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 13 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
22% more capital invested
Capital invested by funds: $11.9M → $14.5M (+$2.6M)
9% more funds holding
Funds holding: 33 → 36 (+3)
3.61% more ownership
Funds ownership: 24.51% → 28.12% (+3.6%)
23% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$1.59M |
| 2 |
SCM
Saba Capital Management
New York
|
+$640K |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$258K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$125K |
| 5 |
AC
Almitas Capital
Santa Monica,
California
|
+$111K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$512K |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$164K |
| 3 |
CPRC
Consolidated Portfolio Review Corp
Woodbury,
New York
|
-$129K |
| 4 |
SFC
SYM Financial Corp
Winona Lake,
Indiana
|
-$120K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$107K |
FGB Hedge Fund Activity: Q4 2023 in Review
36 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in First Trust Specialty Finance and Financial Opportunities Fund (FGB) for Q4 2023, worth a combined $14.5M — up 22% from $11.9M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FGB positions and 4 closed out — a net gain of 3 holders — while 10 added to existing stakes and 13 trimmed.
The largest buyer was LPL Financial, adding an estimated $1.59M. The largest seller was Shaker Financial Services, cutting an estimated $512K.
- 36 institutional investors held First Trust Specialty Finance and Financial Opportunities Fund (FGB) as of Q4 2023, up from 33 in Q3 2023.
- Funds reported $14.5M of First Trust Specialty Finance and Financial Opportunities Fund stock for Q4 2023, up 22% quarter-over-quarter.
- 7 funds opened new First Trust Specialty Finance and Financial Opportunities Fund positions in Q4 2023 and 4 closed out, a net change of +3 holders.
- The largest First Trust Specialty Finance and Financial Opportunities Fund buyer in Q4 2023 was LPL Financial, an estimated $1.59M added.
- The largest First Trust Specialty Finance and Financial Opportunities Fund seller in Q4 2023 was Shaker Financial Services, an estimated $512K sold.
Based on aggregated 13F filings for Q4 2023.