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AGD

abrdn Global Dynamic Dividend Fund
AGD

51 hedge funds and large institutions have $26M invested in abrdn Global Dynamic Dividend Fund in 2020 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 15 increasing their positions, 12 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 9

25% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 12

11% more funds holding

Funds holding: 46 → 51 (+5)

0.36% more ownership

Funds ownership: 27.82% → 28.18% (+0.36%)

28% less capital invested

Capital invested by funds: $36.3M → $26M (-$10.3M)

Holders
51
Holders Change
+5
Holders Change %
+10.87%
% of All Funds
1.12%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
16
Increased
15
Reduced
12
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$1.2M
2
SIA
Sit Investment Associates
Minnesota
+$995K
3
AWS
AJ Wealth Strategies
New York
+$861K
4
WAM
Wolverine Asset Management
Illinois
+$691K
5
BBPWM
Blue Bell Private Wealth Management
Pennsylvania
+$606K

Top Sellers

Rank Fund Capital Flow
1
CA
Cornerstone Advisors
North Carolina
-$2.47M
2
TJHA
Thomas J. Herzfeld Advisors
Florida
-$1.36M
3
SFS
Shaker Financial Services
Virginia
-$787K
4
RJA
Raymond James & Associates
Florida
-$754K
5
Morgan Stanley
Morgan Stanley
New York
-$296K
Name Holding Trade Value Shares
Change 		Change in
Stake
RCM
26
Rivernorth Capital Management
Florida
$265K +$341K +36,137 New
CL
27
CSS LLC
Illinois
$246K -$18.9K -2,000 -6%
CRC
28
Curi RMB Capital
Illinois
$227K +$118K +12,519 +68%
Goldman Sachs
29
Goldman Sachs
New York
$211K +$272K +28,772 New
KWM
30
Kingsview Wealth Management
Oregon
$206K +$265K +28,079 New
Walleye Trading
31
Walleye Trading
New York
$186K +$17.9K +1,900 +8%
CCFM
32
Clear Creek Financial Management
Washington
$141K +$2.4K +254 +1%
Rockefeller Capital Management
33
Rockefeller Capital Management
New York
$136K +$175K +18,500 New
MAFM
34
Mid Atlantic Financial Management
Pennsylvania
$132K +$169K +17,920 New
SF
35
Synovus Financial
Georgia
$116K +$149K +15,765 New
Lido Advisors
36
Lido Advisors
California
$110K +$47.2K +5,000 +50%
LPL Financial
37
LPL Financial
California
$99K +$30K +3,179 +31%
Commonwealth Equity Services
38
Commonwealth Equity Services
Massachusetts
$94K +$2.42K +256 +2%
1W
39
1776 Wealth
Georgia
$79K +$42.5K +4,500 +100%
ICMP
40
Integrated Capital Management (Pennsylvania)
Pennsylvania
$74K +$95.8K +10,138 New
SW
41
SkyOak Wealth
Michigan
$73K – – –
PNC Financial Services Group
42
PNC Financial Services Group
Pennsylvania
$48K – – –
Northwestern Mutual Wealth Management
43
Northwestern Mutual Wealth Management
Wisconsin
$23K – – –
ASN
44
Advisory Services Network
Georgia
$22K +$13.1K +1,385 +85%
AIC
45
Ameritas Investment Company
Nebraska
$7K +$9.03K +956 New
Citigroup
46
Citigroup
New York
$4K +$28 +3 +0.6%
SPIA
47
Steward Partners Investment Advisory
New York
$3K – – –
CA
48
Cornerstone Advisors
North Carolina
– -$2.47M -237,474 Closed
AA
49
AQR Arbitrage
Connecticut
– -$139K -13,342 Closed
Geode Capital Management
50
Geode Capital Management
Massachusetts
– -$129K -12,485 Closed
1
2
3

AGD Hedge Fund Activity: Q1 2020 in Review

51 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in abrdn Global Dynamic Dividend Fund (AGD) for Q1 2020, worth a combined $26M — down 28% from $36.3M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new AGD positions and 9 closed out — a net gain of 7 holders — while 15 added to existing stakes and 12 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $1.2M. The largest seller was Cornerstone Advisors, exiting entirely with an estimated $2.47M sold.

  • 51 institutional investors held abrdn Global Dynamic Dividend Fund (AGD) as of Q1 2020, up from 46 in Q4 2019.
  • Funds reported $26M of abrdn Global Dynamic Dividend Fund stock for Q1 2020, down 28% quarter-over-quarter.
  • 16 funds opened new abrdn Global Dynamic Dividend Fund positions in Q1 2020 and 9 closed out, a net change of +7 holders.
  • The largest abrdn Global Dynamic Dividend Fund buyer in Q1 2020 was Karpus Investment Management, an estimated $1.2M added.
  • The largest abrdn Global Dynamic Dividend Fund seller in Q1 2020 was Cornerstone Advisors, an estimated $2.47M sold.

Based on aggregated 13F filings for Q1 2020.