abrdn Asia-Pacific Income Fund
FAX
135 hedge funds and large institutions have $301M invested in abrdn Asia-Pacific Income Fund in 2017 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 45 increasing their positions, 33 reducing their positions, and 12 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 33
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
0.23% less ownership
Funds ownership: 4.05% → 3.81% (-0.23%)
2% less funds holding
Funds holding: 138 → 135 (-3)
5% less capital invested
Capital invested by funds: $318M → $301M (-$16.8M)
17% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
+$1.13M |
| 2 |
Morgan Stanley
New York
|
+$809K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$660K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$433K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$397K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$9.58M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.46M |
| 3 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$2.43M |
| 4 |
Citigroup
New York
|
-$1.8M |
| 5 |
LPL Financial
San Diego,
California
|
-$1.33M |
FAX Hedge Fund Activity: Q2 2017 in Review
135 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in abrdn Asia-Pacific Income Fund (FAX) for Q2 2017, worth a combined $301M — down 5.3% from $318M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of FAX and 10 opened new positions — a net loss of 2 holders — while 33 trimmed existing stakes and 45 added.
The largest buyer was McGowan Group Asset Management, adding an estimated $1.13M. The largest seller was 1607 Capital Partners, cutting an estimated $9.58M.
- 135 institutional investors held abrdn Asia-Pacific Income Fund (FAX) as of Q2 2017, down from 138 in Q1 2017.
- Funds reported $301M of abrdn Asia-Pacific Income Fund stock for Q2 2017, down 5.3% quarter-over-quarter.
- 10 funds opened new abrdn Asia-Pacific Income Fund positions in Q2 2017 and 12 closed out, a net change of -2 holders.
- The largest abrdn Asia-Pacific Income Fund buyer in Q2 2017 was McGowan Group Asset Management, an estimated $1.13M added.
- The largest abrdn Asia-Pacific Income Fund seller in Q2 2017 was 1607 Capital Partners, an estimated $9.58M sold.
Based on aggregated 13F filings for Q2 2017.