abrdn Asia-Pacific Income Fund
FAX
149 hedge funds and large institutions have $244M invested in abrdn Asia-Pacific Income Fund in 2020 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 51 increasing their positions, 38 reducing their positions, and 26 closing their positions.
34% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 38
17% more capital invested
Capital invested by funds: $209M → $244M (+$34.9M)
0.07% more ownership
Funds ownership: 4.16% → 4.22% (+0.07%)
9% less funds holding
Funds holding: 163 → 149 (-14)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
50% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$6.76M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$4.79M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.99M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$1.92M |
| 5 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$1.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PMAM
Penn Mutual Asset Management
Conshohocken,
Pennsylvania
|
-$4.62M |
| 2 |
OA
Oxbow Advisors
Austin,
Texas
|
-$3.93M |
| 3 |
Morgan Stanley
New York
|
-$3.61M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.42M |
| 5 |
Goldman Sachs
New York
|
-$1.38M |
FAX Hedge Fund Activity: Q2 2020 in Review
149 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in abrdn Asia-Pacific Income Fund (FAX) for Q2 2020, worth a combined $244M — up 17% from $209M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of FAX and 13 opened new positions — a net loss of 13 holders — while 38 trimmed existing stakes and 51 added.
The largest buyer was BlackRock, opening a new position worth an estimated $6.76M. The largest seller was Penn Mutual Asset Management, cutting an estimated $4.62M.
- 149 institutional investors held abrdn Asia-Pacific Income Fund (FAX) as of Q2 2020, down from 163 in Q1 2020.
- Funds reported $244M of abrdn Asia-Pacific Income Fund stock for Q2 2020, up 17% quarter-over-quarter.
- 13 funds opened new abrdn Asia-Pacific Income Fund positions in Q2 2020 and 26 closed out, a net change of -13 holders.
- The largest abrdn Asia-Pacific Income Fund buyer in Q2 2020 was BlackRock, an estimated $6.76M added.
- The largest abrdn Asia-Pacific Income Fund seller in Q2 2020 was Penn Mutual Asset Management, an estimated $4.62M sold.
Based on aggregated 13F filings for Q2 2020.