FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
FPL was delisted on the 3rd of May, 2024.
50 hedge funds and large institutions have $36.5M invested in FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND in 2023 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 15 reducing their positions, and 9 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 15
6% less funds holding
Funds holding: 53 → 50 (-3)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
86% less capital invested
Capital invested by funds: $257M → $36.5M (-$221M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$1.05M |
| 2 |
LPL Financial
San Diego,
California
|
+$670K |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$579K |
| 4 |
SIA
Schechter Investment Advisors
Birmingham,
Michigan
|
+$300K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$281K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$235K |
| 2 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
-$189K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$185K |
| 4 |
AC
Almitas Capital
Santa Monica,
California
|
-$175K |
| 5 |
Walleye Capital
New York
|
-$173K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACM
51
Arlington Capital Management
Arlington Heights,
Illinois
| – | -$189K | -31,192 | Closed |
|
|
AC
52
Almitas Capital
Santa Monica,
California
| – | -$175K | -28,890 | Closed |
|
|
53
Walleye Capital
New York
| – | -$173K | -28,622 | Closed |
|
|
CA
54
Cornerstone Advisors
Asheville,
North Carolina
| – | -$161K | -26,552 | Closed |
|
|
DWM
55
Destination Wealth Management
Walnut Creek,
California
| – | -$70.7K | -11,683 | Closed |
|
|
IA
56
IFP Advisors
Tampa,
Florida
| – | -$41K | -3,920 | Closed |
|
|
MCC
57
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$19.2K | -3,167 | Closed |
|
|
ZIG
58
Zullo Investment Group
Scranton,
Pennsylvania
| – | -$6.05K | -1,000 | Closed |
|
59
Bank of America
Charlotte,
North Carolina
| – | -$1.86K | -307 | Closed |
|
FPL Hedge Fund Activity: Q1 2023 in Review
50 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND (FPL) for Q1 2023, worth a combined $36.5M — down 86% from $257M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FPL and 7 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 15 added.
The largest buyer was Saba Capital Management, adding an estimated $1.05M. The largest seller was Cohen & Steers, cutting an estimated $235K.
- 50 institutional investors held FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND (FPL) as of Q1 2023, down from 53 in Q4 2022.
- Funds reported $36.5M of FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND stock for Q1 2023, down 86% quarter-over-quarter.
- 7 funds opened new FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND positions in Q1 2023 and 9 closed out, a net change of -2 holders.
- The largest FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND buyer in Q1 2023 was Saba Capital Management, an estimated $1.05M added.
- The largest FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND seller in Q1 2023 was Cohen & Steers, an estimated $235K sold.
Based on aggregated 13F filings for Q1 2023.