abrdn Asia-Pacific Income Fund
FAX
148 hedge funds and large institutions have $351M invested in abrdn Asia-Pacific Income Fund in 2016 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 51 increasing their positions, 37 reducing their positions, and 13 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 37
8% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 13
2% more capital invested
Capital invested by funds: $345M → $351M (+$6.62M)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
0.01% less ownership
Funds ownership: 4.46% → 4.45% (-0.01%)
1% less funds holding
Funds holding: 149 → 148 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$3.58M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$2.78M |
| 3 |
TAM
Trust Asset Management
Houston,
Texas
|
+$2.44M |
| 4 |
PMLI
Penn Mutual Life Insurance
Horsham,
Pennsylvania
|
+$1.97M |
| 5 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
+$1.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.12M |
| 2 |
Citigroup
New York
|
-$1.85M |
| 3 |
SCM
Saba Capital Management
New York
|
-$1.73M |
| 4 |
ADBIC
A.D. Beadell Investment Counsel
Mequon,
Wisconsin
|
-$1.31M |
| 5 |
OA
Oxbow Advisors
Austin,
Texas
|
-$1.23M |
FAX Hedge Fund Activity: Q3 2016 in Review
148 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in abrdn Asia-Pacific Income Fund (FAX) for Q3 2016, worth a combined $351M — up 1.9% from $345M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new FAX positions and 13 closed out — a net gain of 1 holder — while 51 added to existing stakes and 37 trimmed.
The largest buyer was Janney Montgomery Scott, opening a new position worth an estimated $3.58M. The largest seller was Rivernorth Capital Management, cutting an estimated $6.12M.
- 148 institutional investors held abrdn Asia-Pacific Income Fund (FAX) as of Q3 2016, down from 149 in Q2 2016.
- Funds reported $351M of abrdn Asia-Pacific Income Fund stock for Q3 2016, up 1.9% quarter-over-quarter.
- 14 funds opened new abrdn Asia-Pacific Income Fund positions in Q3 2016 and 13 closed out, a net change of +1 holder.
- The largest abrdn Asia-Pacific Income Fund buyer in Q3 2016 was Janney Montgomery Scott, an estimated $3.58M added.
- The largest abrdn Asia-Pacific Income Fund seller in Q3 2016 was Rivernorth Capital Management, an estimated $6.12M sold.
Based on aggregated 13F filings for Q3 2016.