FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
FPL was delisted on the 3rd of May, 2024.
55 hedge funds and large institutions have $50.2M invested in FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND in 2023 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 17 increasing their positions, 16 reducing their positions, and 2 closing their positions.
400% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 2
24% more capital invested
Capital invested by funds: $40.5M → $50.2M (+$9.73M)
17% more funds holding
Funds holding: 47 → 55 (+8)
6% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$6.73M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$494K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$463K |
| 4 |
AFG
Atomi Financial Group
New York
|
+$301K |
| 5 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$287K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
CoreCap Advisors
Southfield,
Michigan
|
-$372K |
| 2 |
Morgan Stanley
New York
|
-$180K |
| 3 |
QC
Quantedge Capital
Singapore
|
-$167K |
| 4 |
LPL Financial
San Diego,
California
|
-$122K |
| 5 |
Lido Advisors
Los Angeles,
California
|
-$120K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AF
51
Allworth Financial
Folsom,
California
| $9.63K | +$176 | +28 | +2% |
|
|
HCM
52
Highlander Capital Management
Short Hills,
New Jersey
| $3K | +$3.14K | +500 | New |
|
53
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $2.82K | – | – | – |
|
|
GRP
54
Global Retirement Partners
San Rafael,
California
| $716 | +$754 | +120 | New |
|
55
JP Morgan Chase
New York
| $526 | +$528 | +84 | New |
|
|
56
Lido Advisors
Los Angeles,
California
| – | -$120K | -20,000 | Closed |
|
|
TNB
57
Thomasville National Bank
Thomasville,
Georgia
| – | -$60.2K | -10,000 | Closed |
|
FPL Hedge Fund Activity: Q3 2023 in Review
55 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND (FPL) for Q3 2023, worth a combined $50.2M — up 24% from $40.5M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FPL positions and 2 closed out — a net gain of 8 holders — while 17 added to existing stakes and 16 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $6.73M. The largest seller was CoreCap Advisors, cutting an estimated $372K.
- 55 institutional investors held FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND (FPL) as of Q3 2023, up from 47 in Q2 2023.
- Funds reported $50.2M of FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND stock for Q3 2023, up 24% quarter-over-quarter.
- 10 funds opened new FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND positions in Q3 2023 and 2 closed out, a net change of +8 holders.
- The largest FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND buyer in Q3 2023 was Saba Capital Management, an estimated $6.73M added.
- The largest FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND seller in Q3 2023 was CoreCap Advisors, an estimated $372K sold.
Based on aggregated 13F filings for Q3 2023.