FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
FPL was delisted on the 3rd of May, 2024.
53 hedge funds and large institutions have $257M invested in FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND in 2022 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 0 closing their positions.
736% more capital invested
Capital invested by funds: $30.8M → $257M (+$227M)
50% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 12
23% more funds holding
Funds holding: 43 → 53 (+10)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$2.32M |
| 2 |
Morgan Stanley
New York
|
+$341K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$220K |
| 4 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$201K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$193K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$774K |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$290K |
| 3 |
Cohen & Steers
New York
|
-$252K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$194K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$114K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BAM
51
Belpointe Asset Management
Reno,
Nevada
| $6.05K | +$5.95K | +1,000 | New |
|
52
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $2.72K | – | – | – |
|
|
53
Bank of America
Charlotte,
North Carolina
| $1.86K | -$194K | -32,550 | -99% |
|
FPL Hedge Fund Activity: Q4 2022 in Review
53 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND (FPL) for Q4 2022, worth a combined $257M — up 736% from $30.8M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FPL positions and 0 closed out — a net gain of 10 holders — while 18 added to existing stakes and 12 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $2.32M. The largest seller was LPL Financial, cutting an estimated $774K.
- 53 institutional investors held FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND (FPL) as of Q4 2022, up from 43 in Q3 2022.
- Funds reported $257M of FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND stock for Q4 2022, up 736% quarter-over-quarter.
- 10 funds opened new FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND positions in Q4 2022 and 0 closed out, a net change of +10 holders.
- The largest FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND buyer in Q4 2022 was Saba Capital Management, an estimated $2.32M added.
- The largest FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND seller in Q4 2022 was LPL Financial, an estimated $774K sold.
Based on aggregated 13F filings for Q4 2022.