FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
FPL was delisted on the 3rd of May, 2024.
2 hedge funds and large institutions have $440K invested in FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND in 2024 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 0 increasing their positions, 1 reducing their positions, and 59 closing their positions.
97% less funds holding
Funds holding: 61 → 2 (-59)
98% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 59
99% less capital invested
Capital invested by funds: $70M → $440K (-$69.6M)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 1
Top Buyers
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$15.1M |
| 2 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
-$9.06M |
| 3 |
Morgan Stanley
New York
|
-$8.28M |
| 4 |
Goldman Sachs
New York
|
-$7.03M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$5.14M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NS
51
NBC Securities
Birmingham,
Alabama
| – | -$37K | -4,911 | Closed |
|
|
DFA
52
DHJJ Financial Advisors
Naperville,
Illinois
| – | -$18K | -2,350 | Closed |
|
|
SPIA
53
Steward Partners Investment Advisory
New York
| – | -$17.6K | -2,300 | Closed |
|
|
BFEC
54
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$16K | -2,100 | Closed |
|
|
CMA
55
Cedar Mountain Advisors
Lake Oswego,
Oregon
| – | -$12.9K | -1,689 | Closed |
|
|
AF
56
Allworth Financial
Folsom,
California
| – | -$12.2K | -1,590 | Closed |
|
57
Bank of America
Charlotte,
North Carolina
| – | -$5.71K | -746 | Closed |
|
|
NA
58
NewEdge Advisors
New Orleans,
Louisiana
| – | -$4.34K | -566 | Closed |
|
59
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$3.45K | -450 | Closed |
|
|
PS
60
Principal Securities
Des Moines,
Iowa
| – | -$3.19K | -417 | Closed |
|
|
GRP
61
Global Retirement Partners
San Rafael,
California
| – | -$919 | -120 | Closed |
|
FPL Hedge Fund Activity: Q2 2024 in Review
2 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND (FPL) for Q2 2024, worth a combined $440K — down 99% from $70M a quarter earlier.
Sellers outnumbered buyers: 59 funds closed out of FPL and 1 opened new positions — a net loss of 58 holders — while 1 trimmed existing stakes and 0 added.
The largest seller was Saba Capital Management, exiting entirely with an estimated $15.1M sold.
- 2 institutional investors held FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND (FPL) as of Q2 2024, down from 61 in Q1 2024.
- Funds reported $440K of FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND stock for Q2 2024, down 99% quarter-over-quarter.
- 1 fund opened new FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND positions in Q2 2024 and 59 closed out, a net change of -58 holders.
- The largest FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND seller in Q2 2024 was Saba Capital Management, an estimated $15.1M sold.
Based on aggregated 13F filings for Q2 2024.