abrdn Global Dynamic Dividend Fund
AGD
20 hedge funds and large institutions have $21M invested in abrdn Global Dynamic Dividend Fund in 2014 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 11 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
8.21% more ownership
Funds ownership: 8.43% → 16.64% (+8.2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
13% less capital invested
Capital invested by funds: $24.2M → $21M (-$3.21M)
29% less funds holding
Funds holding: 28 → 20 (-8)
73% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$394K |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$296K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$220K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$216K |
| 5 |
Morgan Stanley
New York
|
+$112K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$320K |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
-$295K |
| 3 |
SG Americas Securities
New York
|
-$199K |
| 4 |
WS
Wedbush Securities
Los Angeles,
California
|
-$169K |
| 5 |
KFS
KMS Financial Services
Seattle,
Washington
|
-$107K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$91K | -8,932 | Closed |
|
|
SFS
27
Shaker Financial Services
Arlington,
Virginia
| – | -$70K | -8,331 | Closed |
|
|
VKH
28
Virtu KCG Holdings
New York
| – | -$73K | -7,170 | Closed |
|
|
SCM
29
Saba Capital Management
New York
| – | -$69K | -6,800 | Closed |
|
|
CAN
30
Cetera Advisor Networks
El Segundo,
California
| – | -$59K | -5,750 | Closed |
|
31
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$4K | -369 | Closed |
|
AGD Hedge Fund Activity: Q1 2014 in Review
20 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in abrdn Global Dynamic Dividend Fund (AGD) for Q1 2014, worth a combined $21M — down 13% from $24.2M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of AGD and 3 opened new positions — a net loss of 8 holders — while 6 trimmed existing stakes and 9 added.
The largest buyer was 1607 Capital Partners, opening a new position worth an estimated $394K. The largest seller was Advisors Asset Management, exiting entirely with an estimated $320K sold.
- 20 institutional investors held abrdn Global Dynamic Dividend Fund (AGD) as of Q1 2014, down from 28 in Q4 2013.
- Funds reported $21M of abrdn Global Dynamic Dividend Fund stock for Q1 2014, down 13% quarter-over-quarter.
- 3 funds opened new abrdn Global Dynamic Dividend Fund positions in Q1 2014 and 11 closed out, a net change of -8 holders.
- The largest abrdn Global Dynamic Dividend Fund buyer in Q1 2014 was 1607 Capital Partners, an estimated $394K added.
- The largest abrdn Global Dynamic Dividend Fund seller in Q1 2014 was Advisors Asset Management, an estimated $320K sold.
Based on aggregated 13F filings for Q1 2014.