abrdn Focused U.S. Small Cap Active ETF
AFSC
9 hedge funds and large institutions have $29.5M invested in abrdn Focused U.S. Small Cap Active ETF in 2025 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 0 increasing their positions, 5 reducing their positions, and 3 closing their positions.
10% less funds holding
Funds holding: 10 → 9 (-1)
11.11% less ownership
Funds ownership: 90.45% → 79.34% (-11%)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
60% less capital invested
Capital invested by funds: $73M → $29.5M (-$43.6M)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$298K |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$211K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$15.6M |
| 2 |
JP Morgan Chase
New York
|
-$11.4M |
| 3 |
MSU
Mizuho Securities USA
New York
|
-$7.44M |
| 4 |
Goldman Sachs
New York
|
-$5.88M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$3.41M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Goldman Sachs
New York
| $17.2M | -$5.88M | -200,000 | -26% |
|
|
MSU
2
Mizuho Securities USA
New York
| $7.52M | -$7.44M | -253,116 | -50% |
|
|
3
Wells Fargo
San Francisco,
California
| $3.41M | -$3.41M | -115,930 | -50% |
|
|
GS
4
GTS Securities
New York
| $738K | -$2.41M | -82,080 | -77% |
|
|
5
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| $304K | +$298K | +10,146 | New |
|
|
6
Citadel Advisors
Miami,
Florida
| $215K | +$211K | +7,174 | New |
|
7
Morgan Stanley
New York
| $22.2K | -$1.94K | -66 | -8% |
|
|
PP
8
PFS Partners
Mine Hill,
New Jersey
| $17.7K | – | – | – |
|
|
HI
9
Harbour Investments
Madison,
Wisconsin
| $17.4K | – | – | – |
|
|
10
Citigroup
New York
| – | -$15.6M | -550,000 | Closed |
|
|
11
JP Morgan Chase
New York
| – | -$11.4M | -400,000 | Closed |
|
12
Osaic Holdings
Scottsdale,
Arizona
| – | -$28.9K | -1,017 | Closed |
|
AFSC Hedge Fund Activity: Q3 2025 in Review
9 of the 7,624 institutional investors tracked by Wall St. Rank reported a position in abrdn Focused U.S. Small Cap Active ETF (AFSC) for Q3 2025, worth a combined $29.5M — down 60% from $73M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of AFSC and 2 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 0 added.
The largest buyer was Janney Montgomery Scott, opening a new position worth an estimated $298K. The largest seller was Citigroup, exiting entirely with an estimated $15.6M sold.
- 9 institutional investors held abrdn Focused U.S. Small Cap Active ETF (AFSC) as of Q3 2025, down from 10 in Q2 2025.
- Funds reported $29.5M of abrdn Focused U.S. Small Cap Active ETF stock for Q3 2025, down 60% quarter-over-quarter.
- 2 funds opened new abrdn Focused U.S. Small Cap Active ETF positions in Q3 2025 and 3 closed out, a net change of -1 holder.
- The largest abrdn Focused U.S. Small Cap Active ETF buyer in Q3 2025 was Janney Montgomery Scott, an estimated $298K added.
- The largest abrdn Focused U.S. Small Cap Active ETF seller in Q3 2025 was Citigroup, an estimated $15.6M sold.
Based on aggregated 13F filings for Q3 2025.