abrdn Asia-Pacific Income Fund
FAX
139 hedge funds and large institutions have $333M invested in abrdn Asia-Pacific Income Fund in 2016 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 38 increasing their positions, 42 reducing their positions, and 22 closing their positions.
0.16% more ownership
Funds ownership: 4.45% → 4.61% (+0.16%)
10% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 42
5% less capital invested
Capital invested by funds: $351M → $333M (-$18.6M)
6% less funds holding
Funds holding: 148 → 139 (-9)
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
32% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
+$26M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$7.46M |
| 3 |
LCM
Laurion Capital Management
New York
|
+$3.88M |
| 4 |
TAM
Trust Asset Management
Houston,
Texas
|
+$1.52M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$917K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$8.12M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$5.43M |
| 3 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
-$4.92M |
| 4 |
MWM
Merriman Wealth Management
Seattle,
Washington
|
-$2.56M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.17M |
FAX Hedge Fund Activity: Q4 2016 in Review
139 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in abrdn Asia-Pacific Income Fund (FAX) for Q4 2016, worth a combined $333M — down 5.3% from $351M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of FAX and 15 opened new positions — a net loss of 7 holders — while 42 trimmed existing stakes and 38 added.
The largest buyer was McGowan Group Asset Management, adding an estimated $26M. The largest seller was Saba Capital Management, cutting an estimated $8.12M.
- 139 institutional investors held abrdn Asia-Pacific Income Fund (FAX) as of Q4 2016, down from 148 in Q3 2016.
- Funds reported $333M of abrdn Asia-Pacific Income Fund stock for Q4 2016, down 5.3% quarter-over-quarter.
- 15 funds opened new abrdn Asia-Pacific Income Fund positions in Q4 2016 and 22 closed out, a net change of -7 holders.
- The largest abrdn Asia-Pacific Income Fund buyer in Q4 2016 was McGowan Group Asset Management, an estimated $26M added.
- The largest abrdn Asia-Pacific Income Fund seller in Q4 2016 was Saba Capital Management, an estimated $8.12M sold.
Based on aggregated 13F filings for Q4 2016.