First Trust Specialty Finance & Financial Opportunities Fund
Printed from CEF Radar (cefradar.com). Source: public filings at the U.S. Securities and Exchange Commission. Last checked: Nov 2, 2026, 1:39 a.m. New York time.
First Trust Specialty Finance & Financial Opportunities Fund is a company, not a closed-end fund. We still track it - notices about it are below - but most of this site is about funds.
Is anyone targeting this fund?
Yes - one large investor holds a stake, but it has not asked for changes.
- Sit Investment owns 7% as a passive investor. On file since Jan 3, 2025.
What this means for you
One large investor owns more than 5% of this company but has told the regulator it is not seeking changes. That is common for banks, brokers and index funds that hold shares for their clients.
Nothing is required of you. If an investor changes its mind, it must file a new notice within days, and it will show up here.
What happened, and when
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Jan 3, 2025
Sit Investment now owns 7%, as a passive investor.
Original document → -
Oct 15, 2024
Saba sold down below 5% and stopped reporting.
Original document → -
Oct 1, 2024
Saba cut its stake to 5.2% (from 6.6%). It has said it may push for changes.
Original document → -
Sept 23, 2024
Saba cut its stake to 6.6% (from 7.6%). It has said it may push for changes.
Original document → -
May 14, 2024
Saba raised its stake to 7.6% (from 5.2%). It has said it may push for changes.
Original document →
Show all 6 events
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April 29, 2024
Saba now owns 5.2%. It has said it may push for changes.
Original document →
Details: all notices, events and fund facts
| Date | Investor | Stake | Type of notice |
|---|---|---|---|
| Jan 3, 2025 | Sit Investment | 7% | Passive investor |
| Oct 15, 2024 | Saba | 4.9% | Sold down below 5% |
| Oct 1, 2024 | Saba | 5.2% | Updated notice |
| Sept 23, 2024 | Saba | 6.6% | Updated notice |
| May 14, 2024 | Saba | 7.6% | Updated notice |
| April 29, 2024 | Saba | 5.2% | May push for changes |
No announcements from the fund on file. Most funds announce their payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here.
- Run by
- not filed yet
- Fund family
- not filed yet
- Exchange
- not listed
See this fund's page at the SEC →
Email me when something new is filed for First Trust Specialty Finance & Financial Opportunities Fund
Free. One email when a large investor files a notice, or when the fund announces a buy-back, a vote or a closing - usually within a day. No password. Most funds announce payout changes on their own website, where we do not look.