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FGB

First Trust Specialty Finance and Financial Opportunities Fund
FGB

Delisted

FGB was delisted on the 27th of June, 2025.

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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
31
Holders Change
-5
Holders Change %
-13.89%
% of All Funds
0.45%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
11
Reduced
7
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$1.78M
2
RCM
Rivernorth Capital Management
Florida
+$610K
3
AFG
Atomi Financial Group
New York
+$361K
4
AW
Atlas Wealth
Ohio
+$299K
5
LPL Financial
LPL Financial
California
+$276K

Top Sellers

Rank Fund Capital Flow
1
PI
PFG Investments
New York
-$2.09M
2
CPRC
Consolidated Portfolio Review Corp
New York
-$1.31M
3
MC
Matisse Capital
Oregon
-$774K
4
PAG
Private Advisor Group
New Jersey
-$627K
5
LCM
Landscape Capital Management
New Jersey
-$118K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
1
LPL Financial
California
$4.33M +$276K +73,102 +7%
SCM
2
Saba Capital Management
New York
$4.31M +$1.78M +470,628 +74%
Morgan Stanley
3
Morgan Stanley
New York
$2.21M +$35.4K +9,380 +2%
CPRC
4
Consolidated Portfolio Review Corp
New York
$848K -$1.31M -348,044 -61%
RCM
5
Rivernorth Capital Management
Florida
$822K +$610K +161,667 +326%
Commonwealth Equity Services
6
Commonwealth Equity Services
Massachusetts
$674K +$55.5K +14,718 +9%
PAG
7
Private Advisor Group
New Jersey
$665K -$627K -166,117 -49%
AGM
8
Alpine Global Management
New York
$622K +$226K +60,000 +60%
FHA
9
Flagship Harbor Advisors
Massachusetts
$466K +$16.1K +4,275 +4%
RJFSA
10
Raymond James Financial Services Advisors
Florida
$437K -$12.5K -3,312 -3%
AFG
11
Atomi Financial Group
New York
$372K +$361K +95,590 New
AW
12
Atlas Wealth
Ohio
$313K +$299K +79,231 New
GLA
13
Good Life Advisors
Pennsylvania
$205K +$2.73K +725 +1%
Osaic Holdings
14
Osaic Holdings
Arizona
$205K -$108K -28,643 -35%
Wells Fargo
15
Wells Fargo
California
$191K -$4 -1 -0%
NAS
16
NWF Advisory Services
California
$175K – – –
SFC
17
SYM Financial Corp
Indiana
$163K – – –
Susquehanna International Group
18
Susquehanna International Group
Pennsylvania
$138K +$35K +9,268 +35%
CAG
19
Csenge Advisory Group
Florida
$119K -$4.36K -1,155 -4%
MCM
20
Mendel Capital Management
Arkansas
$77.6K – – –
ASN
21
Advisory Services Network
Georgia
$68K – – –
KAS
22
KPP Advisory Services
Kentucky
$52.5K – – –
SFS
23
Shaker Financial Services
Virginia
$51.8K +$50.2K +13,304 New
Cetera Investment Advisers
24
Cetera Investment Advisers
Illinois
$51.7K – – –
BBPWM
25
Blue Bell Private Wealth Management
Pennsylvania
$45.3K +$9.69K +2,568 +28%
1
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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.