First Trust Specialty Finance and Financial Opportunities Fund
FGB was delisted on the 27th of June, 2025.
41 hedge funds and large institutions have $22.2M invested in First Trust Specialty Finance and Financial Opportunities Fund in 2024 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 7 closing their positions.
57% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 7
14% more capital invested
Capital invested by funds: $19.5M → $22.2M (+$2.67M)
8% more funds holding
Funds holding: 38 → 41 (+3)
3.31% more ownership
Funds ownership: 33.33% → 36.64% (+3.3%)
9% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.04M |
| 2 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$220K |
| 3 |
Morgan Stanley
New York
|
+$196K |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
+$190K |
| 5 |
AC
Almitas Capital
Santa Monica,
California
|
+$141K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AGM
Alpine Global Management
New York
|
-$649K |
| 2 |
CPRC
Consolidated Portfolio Review Corp
Woodbury,
New York
|
-$588K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$548K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$443K |
| 5 |
GLA
Good Life Advisors
Reading,
Pennsylvania
|
-$269K |
FGB Hedge Fund Activity: Q4 2024 in Review
41 of the 7,607 institutional investors tracked by Wall St. Rank reported a position in First Trust Specialty Finance and Financial Opportunities Fund (FGB) for Q4 2024, worth a combined $22.2M — up 14% from $19.5M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FGB positions and 7 closed out — a net gain of 4 holders — while 12 added to existing stakes and 11 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $3.04M. The largest seller was Alpine Global Management, exiting entirely with an estimated $649K sold.
- 41 institutional investors held First Trust Specialty Finance and Financial Opportunities Fund (FGB) as of Q4 2024, up from 38 in Q3 2024.
- Funds reported $22.2M of First Trust Specialty Finance and Financial Opportunities Fund stock for Q4 2024, up 14% quarter-over-quarter.
- 11 funds opened new First Trust Specialty Finance and Financial Opportunities Fund positions in Q4 2024 and 7 closed out, a net change of +4 holders.
- The largest First Trust Specialty Finance and Financial Opportunities Fund buyer in Q4 2024 was Sit Investment Associates, an estimated $3.04M added.
- The largest First Trust Specialty Finance and Financial Opportunities Fund seller in Q4 2024 was Alpine Global Management, an estimated $649K sold.
Based on aggregated 13F filings for Q4 2024.