abrdn Asia-Pacific Income Fund
FAX
142 hedge funds and large institutions have $282M invested in abrdn Asia-Pacific Income Fund in 2013 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 42 increasing their positions, 55 reducing their positions, and 18 closing their positions.
17% more capital invested
Capital invested by funds: $242M → $282M (+$40M)
0.47% more ownership
Funds ownership: 2.45% → 2.93% (+0.47%)
2% less funds holding
Funds holding: 145 → 142 (-3)
11% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 18
24% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 55
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SNC
Stifel Nicolaus & Co
St Louis,
Missouri
|
+$20.4M |
| 2 |
SCM
Saba Capital Management
New York
|
+$11.6M |
| 3 |
OA
Oxbow Advisors
Austin,
Texas
|
+$11.3M |
| 4 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$5.85M |
| 5 |
BFA
Beaumont Financial Advisors
Needham,
Massachusetts
|
+$4.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ODCM
Old Dominion Capital Management
Charlottesville,
Virginia
|
-$5.24M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$4.71M |
| 3 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$2.5M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$2.49M |
| 5 |
BA
Bennicas & Associates
Portola Valley,
California
|
-$2.14M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
UB
151
UMB Bank
Kansas City,
Missouri
| – | -$111 | -2,992 | Closed |
|
|
CL
152
Croft-Leominster
Baltimore,
Maryland
| – | -$86K | -2,317 | Closed |
|
|
CA
153
Cornerstone Advisors
Asheville,
North Carolina
| – | -$83K | -2,225 | Closed |
|
|
SAM
154
Summit Asset Management
Memphis,
Tennessee
| – | -$68K | -1,824 | Closed |
|
155
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$24K | -667 | Closed |
|
|
LWCFA
156
Loring Wolcott & Coolidge Fiduciary Advisors
Boston,
Massachusetts
| – | -$10K | -267 | Closed |
|
|
EWM
157
Edge Wealth Management
New York
| – | -$7K | -179 | Closed |
|
158
First Manhattan
New York
| – | -$6K | -167 | Closed |
|
159
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$6K | -167 | Closed |
|
|
DBT
160
Dubuque Bank & Trust
Dubuque,
Iowa
| – | -$6K | -157 | Closed |
|
|
CW
161
Cobiz Wealth
Denver,
Colorado
| – | -$3K | -83 | Closed |
|
FAX Hedge Fund Activity: Q3 2013 in Review
142 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in abrdn Asia-Pacific Income Fund (FAX) for Q3 2013, worth a combined $282M — up 17% from $242M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of FAX and 16 opened new positions — a net loss of 2 holders — while 55 trimmed existing stakes and 42 added.
The largest buyer was Stifel Nicolaus & Co, adding an estimated $20.4M. The largest seller was Old Dominion Capital Management, exiting entirely with an estimated $5.24M sold.
- 142 institutional investors held abrdn Asia-Pacific Income Fund (FAX) as of Q3 2013, down from 145 in Q2 2013.
- Funds reported $282M of abrdn Asia-Pacific Income Fund stock for Q3 2013, up 17% quarter-over-quarter.
- 16 funds opened new abrdn Asia-Pacific Income Fund positions in Q3 2013 and 18 closed out, a net change of -2 holders.
- The largest abrdn Asia-Pacific Income Fund buyer in Q3 2013 was Stifel Nicolaus & Co, an estimated $20.4M added.
- The largest abrdn Asia-Pacific Income Fund seller in Q3 2013 was Old Dominion Capital Management, an estimated $5.24M sold.
Based on aggregated 13F filings for Q3 2013.