FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
FPL was delisted on the 3rd of May, 2024.
47 hedge funds and large institutions have $40.5M invested in FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND in 2023 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 5 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 11
11% more capital invested
Capital invested by funds: $36.5M → $40.5M (+$4M)
6% less funds holding
Funds holding: 50 → 47 (-3)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$1.99M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$363K |
| 3 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$274K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$181K |
| 5 |
Lido Advisors
Los Angeles,
California
|
+$119K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$561K |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$259K |
| 3 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$222K |
| 4 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$154K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$138K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BAM
51
Belpointe Asset Management
Reno,
Nevada
| – | -$5.98K | -1,000 | Closed |
|
52
AssetMark Inc
Concord,
California
| – | -$2.09K | -350 | Closed |
|
FPL Hedge Fund Activity: Q2 2023 in Review
47 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND (FPL) for Q2 2023, worth a combined $40.5M — up 11% from $36.5M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FPL and 3 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 17 added.
The largest buyer was Saba Capital Management, adding an estimated $1.99M. The largest seller was LPL Financial, cutting an estimated $561K.
- 47 institutional investors held FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND (FPL) as of Q2 2023, down from 50 in Q1 2023.
- Funds reported $40.5M of FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND stock for Q2 2023, up 11% quarter-over-quarter.
- 3 funds opened new FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND positions in Q2 2023 and 5 closed out, a net change of -2 holders.
- The largest FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND buyer in Q2 2023 was Saba Capital Management, an estimated $1.99M added.
- The largest FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND seller in Q2 2023 was LPL Financial, an estimated $561K sold.
Based on aggregated 13F filings for Q2 2023.