First Trust Specialty Finance and Financial Opportunities Fund
FGB was delisted on the 27th of June, 2025.
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$1.78M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$610K |
| 3 |
AFG
Atomi Financial Group
New York
|
+$361K |
| 4 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
+$299K |
| 5 |
LPL Financial
San Diego,
California
|
+$276K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
PFG Investments
Woodbury,
New York
|
-$2.09M |
| 2 |
CPRC
Consolidated Portfolio Review Corp
Woodbury,
New York
|
-$1.31M |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
-$774K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$627K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$118K |
FGB Hedge Fund Activity: Q2 2024 in Review
31 of the 6,935 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.