Abacus Global Management
ABX
12 hedge funds and large institutions have $19.8M invested in Abacus Global Management in 2023 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 0 increasing their positions, 4 reducing their positions, and 22 closing their positions.
19.37% less ownership
Funds ownership: 24.96% → 5.59% (-19%)
63% less funds holding
Funds holding: 32 → 12 (-20)
77% less capital invested
Capital invested by funds: $87.5M → $19.8M (-$67.7M)
91% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 22
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$172K |
| 2 |
CCM
CAAS Capital Management
New York
|
+$139K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
-$23.9M |
| 2 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$10.2M |
| 3 |
MC
Meteora Capital
Boca Raton,
Florida
|
-$4.75M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$4M |
| 5 |
Goldman Sachs
New York
|
-$3.43M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of America
Charlotte,
North Carolina
| – | -$1.03M | -100,886 | Closed |
|
|
BFM
27
Boothbay Fund Management
New York
| – | -$947K | -93,204 | Closed |
|
|
LCS
28
Levin Capital Strategies
New York
| – | -$891K | -87,678 | Closed |
|
|
BMCM
29
Black Maple Capital Management
Milwaukee,
Wisconsin
| – | -$819K | -80,567 | Closed |
|
|
DFCM
30
Dark Forest Capital Management
San Juan,
Puerto Rico
| – | -$494K | -48,650 | Closed |
|
|
CS
31
Clear Street
New York
| – | -$402K | -39,599 | Closed |
|
|
WAM
32
Warberg Asset Management
Winnetka,
Illinois
| – | -$222K | -21,809 | Closed |
|
33
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$217K | -21,385 | Closed |
|
ABX Hedge Fund Activity: Q1 2023 in Review
12 of the 6,278 institutional investors tracked by Wall St. Rank reported a position in Abacus Global Management (ABX) for Q1 2023, worth a combined $19.8M — down 77% from $87.5M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of ABX and 2 opened new positions — a net loss of 20 holders — while 4 trimmed existing stakes and 0 added.
The largest buyer was Virtu Financial, opening a new position worth an estimated $172K. The largest seller was Adage Capital Partners, exiting entirely with an estimated $23.9M sold.
- 12 institutional investors held Abacus Global Management (ABX) as of Q1 2023, down from 32 in Q4 2022.
- Funds reported $19.8M of Abacus Global Management stock for Q1 2023, down 77% quarter-over-quarter.
- 2 funds opened new Abacus Global Management positions in Q1 2023 and 22 closed out, a net change of -20 holders.
- The largest Abacus Global Management buyer in Q1 2023 was Virtu Financial, an estimated $172K added.
- The largest Abacus Global Management seller in Q1 2023 was Adage Capital Partners, an estimated $23.9M sold.
Based on aggregated 13F filings for Q1 2023.