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IFN

Aberdeen India Fund
IFN

74 hedge funds and large institutions have $216M invested in Aberdeen India Fund in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 21 increasing their positions, 21 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

16% more capital invested

Capital invested by funds: $186M → $216M (+$29.2M)

5.33% more ownership

Funds ownership: 25.56% → 30.89% (+5.3%)

4% more funds holding

Funds holding: 71 → 74 (+3)

0% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 21

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

84% less call options, than puts

Call options by funds: $118K | Put options by funds: $720K

Holders
74
Holders Change
+3
Holders Change %
+4.23%
% of All Funds
2.15%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
12
Increased
21
Reduced
21
Closed
7
Calls
$118K
Puts
$720K
Net Calls
-$602K
Net Calls Change
+$482K

Top Buyers

1
COLIM
City of London Investment Management
United Kingdom
+$24.1M
2
HT
HAP Trading
New York
+$4.92M
3
GFM
Gramercy Funds Management
Connecticut
+$1.25M
4
WAM
Weiss Asset Management
Massachusetts
+$1.21M
5
KIM
Karpus Investment Management
New York
+$692K

Top Sellers

1
CA
Cornerstone Advisors
North Carolina
-$3.44M
2
CS
Credit Suisse
Switzerland
-$2.47M
3
JP Morgan Chase
JP Morgan Chase
New York
-$1.7M
4
OC
Oppenheimer & Co
New York
-$879K
5
WAM
Wolverine Asset Management
Illinois
-$741K
Name Holding Trade Value Shares
Change 		Change in
Stake
COLIM
1
City of London Investment Management
United Kingdom
$92.1M +$24.1M +1,185,492 +35%
Lazard Asset Management
2
Lazard Asset Management
New York
$25.3M +$92.2K +4,536 +0.4%
Susquehanna International Group
3
Susquehanna International Group
Pennsylvania
$13.8M – – –
Wells Fargo
4
Wells Fargo
California
$13.3M -$10.4K -511 -0.1%
1CP
5
1607 Capital Partners
Virginia
$11.6M +$28.4K +1,400 +0.2%
HT
6
HAP Trading
New York
$7.36M +$4.92M +241,955 +192%
VCAM
7
Valentine Capital Asset Management
California
$5.57M +$237K +11,643 +4%
BI
8
Bulldog Investors
New Jersey
$4.72M +$70.1K +3,449 +1%
LBA
9
Letko, Brosseau & Associates
Quebec, Canada
$4.54M -$21K -1,032 -0.5%
KIM
10
Karpus Investment Management
New York
$4.02M +$692K +34,071 +20%
Morgan Stanley
11
Morgan Stanley
New York
$3.17M -$157K -7,748 -5%
YCM
12
Yakira Capital Management
Connecticut
$3.03M +$3.08M +151,380 New
CA
13
Cornerstone Advisors
North Carolina
$2.1M -$3.44M -169,423 -62%
DR
14
Davis Rea
Ontario, Canada
$2.04M +$327K +16,090 +19%
Commonwealth Equity Services
15
Commonwealth Equity Services
Massachusetts
$1.83M -$67.7K -3,333 -4%
BNP Paribas Financial Markets
16
BNP Paribas Financial Markets
France
$1.75M +$134K +6,614 +8%
TC
17
TFS Capital
Pennsylvania
$1.6M -$502K -24,718 -24%
U
18
UBS
Switzerland
$1.49M +$154K +7,554 +11%
DADC
19
D.A. Davidson & Co
Montana
$1.26M -$41.4K -2,037 -3%
GFM
20
Gramercy Funds Management
Connecticut
$1.23M +$1.25M +61,400 New
CA
21
Commerzbank Aktiengesellschaft
Germany
$1.21M -$582K -28,619 -31%
WAM
22
Weiss Asset Management
Massachusetts
$1.19M +$1.21M +59,654 New
LPL Financial
23
LPL Financial
California
$1.16M -$73.9K -3,636 -6%
AG
24
Ashmore Group
United Kingdom
$983K +$435K +21,425 +77%
SO
25
STRS Ohio
Ohio
$962K – – –
1
2 3 4

IFN Hedge Fund Activity: Q4 2013 in Review

74 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Aberdeen India Fund (IFN) for Q4 2013, worth a combined $216M — up 16% from $186M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new IFN positions and 7 closed out — a net gain of 5 holders — while 21 added to existing stakes and 21 trimmed.

The largest buyer was City of London Investment Management, adding an estimated $24.1M. The largest seller was Cornerstone Advisors, cutting an estimated $3.44M.

  • 74 institutional investors held Aberdeen India Fund (IFN) as of Q4 2013, up from 71 in Q3 2013.
  • Funds reported $216M of Aberdeen India Fund stock for Q4 2013, up 16% quarter-over-quarter.
  • 12 funds opened new Aberdeen India Fund positions in Q4 2013 and 7 closed out, a net change of +5 holders.
  • The largest Aberdeen India Fund buyer in Q4 2013 was City of London Investment Management, an estimated $24.1M added.
  • The largest Aberdeen India Fund seller in Q4 2013 was Cornerstone Advisors, an estimated $3.44M sold.

Based on aggregated 13F filings for Q4 2013.