FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
FPL was delisted on the 3rd of May, 2024.
61 hedge funds and large institutions have $70M invested in FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND in 2024 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 21 reducing their positions, and 5 closing their positions.
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
7% more capital invested
Capital invested by funds: $65.7M → $70M (+$4.36M)
2% less funds holding
Funds holding: 62 → 61 (-1)
19% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 21
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$4.16M |
| 2 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$2.04M |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$1.07M |
| 4 |
QL
Quarry LP
New York
|
+$662K |
| 5 |
AC
Almitas Capital
Santa Monica,
California
|
+$650K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$7.81M |
| 2 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
-$3.52M |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$507K |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$381K |
| 5 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$369K |
FPL Hedge Fund Activity: Q1 2024 in Review
61 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND (FPL) for Q1 2024, worth a combined $70M — up 6.6% from $65.7M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FPL positions and 5 closed out — a net gain of 1 holder — while 17 added to existing stakes and 21 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $4.16M. The largest seller was Morgan Stanley, cutting an estimated $7.81M.
- 61 institutional investors held FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND (FPL) as of Q1 2024, down from 62 in Q4 2023.
- Funds reported $70M of FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND stock for Q1 2024, up 6.6% quarter-over-quarter.
- 6 funds opened new FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND positions in Q1 2024 and 5 closed out, a net change of +1 holder.
- The largest FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND buyer in Q1 2024 was Goldman Sachs, an estimated $4.16M added.
- The largest FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND seller in Q1 2024 was Morgan Stanley, an estimated $7.81M sold.
Based on aggregated 13F filings for Q1 2024.