abrdn Healthcare Opportunities Fund
THQ
68 hedge funds and large institutions have $149M invested in abrdn Healthcare Opportunities Fund in 2020 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 30 increasing their positions, 19 reducing their positions, and 18 closing their positions.
58% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 19
25% more capital invested
Capital invested by funds: $118M → $149M (+$30.1M)
1.6% more ownership
Funds ownership: 18.61% → 20.21% (+1.6%)
14% less funds holding
Funds holding: 79 → 68 (-11)
61% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$14.8M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$2.23M |
| 3 |
Morgan Stanley
New York
|
+$1.96M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$1.9M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$856K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$4.5M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.64M |
| 3 |
MGWM
Marks Group Wealth Management
Minnetonka,
Minnesota
|
-$1.58M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$985K |
| 5 |
Goldman Sachs
New York
|
-$974K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Invesco
Atlanta,
Georgia
| – | -$361K | -23,477 | Closed |
|
|
DP
77
Denver PWM
Denver,
Colorado
| – | -$256K | -17,340 | Closed |
|
|
CCP
78
Clough Capital Partners
Boston,
Massachusetts
| – | -$195K | -12,700 | Closed |
|
|
MC
79
Matisse Capital
Portland,
Oregon
| – | -$170K | -11,100 | Closed |
|
|
MAFM
80
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
| – | -$160K | -10,400 | Closed |
|
|
NFG
81
Next Financial Group
Houston,
Texas
| – | -$29K | -1,900 | Closed |
|
82
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$23K | -1,500 | Closed |
|
|
WT
83
Washington Trust
Westerly,
Rhode Island
| – | -$18K | -1,151 | Closed |
|
|
SF
84
Synovus Financial
Columbus,
Georgia
| – | -$15K | -1,000 | Closed |
|
85
JP Morgan Chase
New York
| – | -$2K | -129 | Closed |
|
THQ Hedge Fund Activity: Q2 2020 in Review
68 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in abrdn Healthcare Opportunities Fund (THQ) for Q2 2020, worth a combined $149M — up 25% from $118M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of THQ and 7 opened new positions — a net loss of 11 holders — while 19 trimmed existing stakes and 30 added.
The largest buyer was Raymond James Financial Services Advisors, opening a new position worth an estimated $14.8M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $4.5M sold.
- 68 institutional investors held abrdn Healthcare Opportunities Fund (THQ) as of Q2 2020, down from 79 in Q1 2020.
- Funds reported $149M of abrdn Healthcare Opportunities Fund stock for Q2 2020, up 25% quarter-over-quarter.
- 7 funds opened new abrdn Healthcare Opportunities Fund positions in Q2 2020 and 18 closed out, a net change of -11 holders.
- The largest abrdn Healthcare Opportunities Fund buyer in Q2 2020 was Raymond James Financial Services Advisors, an estimated $14.8M added.
- The largest abrdn Healthcare Opportunities Fund seller in Q2 2020 was Karpus Investment Management, an estimated $4.5M sold.
Based on aggregated 13F filings for Q2 2020.