ABRDN LIFE SCIENCES INVESTOR HQL
SH BEN INT · Closed-End Fund · CUSIP 87911K100
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $12.69.
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 64 |
| Q4 2022 | 82 |
| Q1 2023 | 80 |
| Q2 2023 | 80 |
| Q3 2023 | 81 |
| Q4 2023 | 80 |
| Q1 2024 | 80 |
| Q2 2024 | 77 |
| Q3 2024 | 76 |
| Q4 2024 | 75 |
| Q1 2025 | 85 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 41 | 27 |
| Q3 2023 | 43 | 32 |
| Q4 2023 | 40 | 33 |
| Q1 2024 | 44 | 35 |
| Q2 2024 | 38 | 36 |
| Q3 2024 | 28 | 40 |
| Q4 2024 | 27 | 33 |
| Q1 2025 | 50 | 25 |
Biggest buyers
| MORGAN STANLEY | Added | +152.8k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Added | +122.9k |
| FLAGSHIP HARBOR ADVISORS, LLC | Added | +90.4k |
| RAYMOND JAMES FINANCIAL INC | Added | +74.1k |
| Formidable Asset Management, LLC | New | +64.0k |
| LPL Financial LLC | Added | +41.3k |
| Allspring Global Investments Holdings, LLC | Added | +27.4k |
| NEEDHAM INVESTMENT MANAGEMENT LLC | Added | +25.9k |
| ROYAL BANK OF CANADA | Added | +25.5k |
| Shaker Financial Services, LLC | New | +23.4k |
Biggest sellers
| SIT INVESTMENT ASSOCIATES INC | Sold out | -417.1k |
| Saba Capital Management, L.P. | Reduced | -241.6k |
| ABSOLUTE INVESTMENT ADVISERS, LLC | Reduced | -207.1k |
| AQR Arbitrage LLC | Reduced | -106.2k |
| Janney Montgomery Scott LLC | Sold out | -91.4k |
| Penserra Capital Management LLC | Reduced | -80.7k |
| Quarry LP | Reduced | -73.7k |
| 1607 Capital Partners, LLC | Reduced | -66.2k |
| CLOUGH CAPITAL PARTNERS L P | Sold out | -38.5k |
| UBS Group AG | Reduced | -30.8k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| FIRST TRUST PORTFOLIOS LP 13G · institution +1.2 pts · filed 2026-10-14 | 11.3% |
Fell to 5% or below in the last year: Saba Capital Management, L.P. (5.0%, 2026-02-23)
Insider purchases and sales in Q1 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 1 | $277.2k | 0 | — | — |
| Q4 2023 | 1 | $13.6k | 0 | — | — |
| Q1 2024 | 1 | $13.8k | 0 | — | — |
| Q2 2024 | 1 | $5.3k | 0 | — | — |
| Q3 2024 | 2 | $25.5k | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-03-31 | Saba Capital Management, L.P. +1 10% owner | Sold | $611.7k48.6k shares |
| 2025-03-28 | Saba Capital Management, L.P. +1 10% owner | Sold | $46.6k3.6k shares |
| 2025-03-27 | Saba Capital Management, L.P. +1 10% owner | Sold | $428.3k32.9k shares |
| 2025-03-24 | Saba Capital Management, L.P. +1 10% owner | Sold | $30.8k2.3k shares |
| 2025-02-26 | Saba Capital Management, L.P. +1 10% owner | Sold | $2.7k200 shares |
| 2025-02-13 | Saba Capital Management, L.P. +1 10% owner | Sold | $1.4k100 shares |
| 2025-02-12 | Saba Capital Management, L.P. +1 10% owner | Sold | $502.4k36.5k shares |
| 2025-02-11 | Saba Capital Management, L.P. +1 10% owner | Sold | $272.0k19.8k shares |
| 2025-02-10 | Saba Capital Management, L.P. +1 10% owner | Sold | $599.7k43.0k shares |
| 2025-02-04 | Saba Capital Management, L.P. +1 10% owner | Sold | $57.1k4.1k shares |
| 2025-02-03 | Saba Capital Management, L.P. +1 10% owner | Sold | $25.9k1.8k shares |
| 2025-01-31 | Saba Capital Management, L.P. +1 10% owner | Sold | $216.1k15.1k shares |
| 2025-01-30 | Saba Capital Management, L.P. +1 10% owner | Sold | $309.2k21.8k shares |
| 2025-01-29 | Saba Capital Management, L.P. +1 10% owner | Sold | $164.8k11.7k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| Saba Capital Management, L.P. 1.11% of their portfolio | 3.2m $40.5m | Reduced -241.6k |
| Penserra Capital Management LLC 0.17% of their portfolio | 746.9k $9.5m | Reduced -80.7k |
| MORGAN STANLEY 0.00% of their portfolio | 518.5k $6.6m | Added +152.8k |
| Karpus Management, Inc. 0.19% of their portfolio | 467.7k $5.9m | Reduced -21.9k |
| NEEDHAM INVESTMENT MANAGEMENT LLC 0.45% of their portfolio | 378.7k $4.8m | Added +25.9k |
| FLAGSHIP HARBOR ADVISORS, LLC 0.23% of their portfolio | 340.9k $4.3m | Added +90.4k |
| LPL Financial LLC 0.00% of their portfolio | 328.4k $4.2m | Added +41.3k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 312.5k $4.0m | Added +74.1k |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 193.5k $2.5m | Added +27.4k |
| ABSOLUTE INVESTMENT ADVISERS, LLC 0.36% of their portfolio | 192.4k $2.4m | Reduced -207.1k |
| 1607 Capital Partners, LLC 0.18% of their portfolio | 181.0k $2.3m | Reduced -66.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 180.1k $2.3m | Reduced -5.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 168.3k $2.1m | Added +14.9k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.11% of their portfolio | 162.7k $2.1m | Added +122.9k |
| Advisors Asset Management, Inc. 0.04% of their portfolio | 158.7k $2.0m | Added +2.9k |
| 180 WEALTH ADVISORS, LLC 0.28% of their portfolio | 136.1k $1.7m | Added +1.2k |
| WOLVERINE ASSET MANAGEMENT LLC 0.03% of their portfolio | 125.5k $1.6m | Added +4.1k |
| AQR Arbitrage LLC 0.03% of their portfolio | 82.2k $1.0m | Reduced -106.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 73.5k $934.0k | Added +25.5k |
| Quarry LP 0.23% of their portfolio | 71.5k $906.8k | Reduced -73.7k |
| UHLMANN PRICE SECURITIES, LLC 0.66% of their portfolio | 70.9k $900.3k | Added +3.7k |
| Formidable Asset Management, LLC 0.14% of their portfolio | 64.0k $811.9k | New |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.15% of their portfolio | 63.6k $806.7k | Added +1.4k |
| UBS Group AG 0.00% of their portfolio | 37.4k $474.7k | Reduced -30.8k |
| Kingsview Wealth Management, LLC 0.01% of their portfolio | 35.7k $453.6k | Added +1.1k |
| NewEdge Advisors, LLC 0.00% of their portfolio | 32.5k $412.4k | Added +9.8k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 29.1k $370.0k | Reduced -997 |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 28.7k $364.4k | Added +9.1k |
| GUGGENHEIM CAPITAL LLC 0.00% of their portfolio | 28.4k $359.8k | Added +12.3k |
| READYSTATE ASSET MANAGEMENT LP 0.02% of their portfolio | 25.9k $328.4k | Reduced -12.7k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.03% of their portfolio | 25.3k $321.5k | Added +13.6k |
| WNY Asset Management, LLC 0.04% of their portfolio | 24.1k $306.3k | Added +3.0k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 23.7k $300.3k | Added +9.0k |
| Shaker Financial Services, LLC 0.12% of their portfolio | 23.4k $297.3k | New |
| Private Advisor Group, LLC 0.00% of their portfolio | 23.1k $292.8k | Added +1.1k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 22.6k $286.4k | Reduced -5.8k |
| KPP Advisory Services LLC 0.05% of their portfolio | 21.9k $277.6k | Added +362 |
| Samalin Investment Counsel, LLC 0.11% of their portfolio | 20.4k $259.1k | New |
| Atlantic Union Bankshares Corp 0.02% of their portfolio | 19.8k $251.6k | Reduced -4.3k |
| STEPHENS INC /AR/ 0.00% of their portfolio | 19.3k $245.4k | Added +6.9k |
| Invesco Ltd. 0.00% of their portfolio | 17.1k $217.5k | Reduced -6.1k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 16.6k $211.2k | Added +3.3k |
| Stratos Wealth Partners, LTD. 0.00% of their portfolio | 14.2k $179.9k | Added +971 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 13.7k $173.9k | Unchanged |
| Kapstone Financial Advisors LLC 0.10% of their portfolio | 13.6k $172.5k | Added +471 |
| INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio | 13.5k $171.0k | Added +322 |
| Live Oak Private Wealth LLC 0.03% of their portfolio | 13.2k $167.8k | Unchanged |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 13.2k $167.6k | Added +8.3k |
| WEDBUSH SECURITIES INC 0.01% of their portfolio | 11.8k $149.0k | New |
| KINGSWOOD WEALTH ADVISORS, LLC 0.01% of their portfolio | 11.7k $148.7k | Reduced -490 |
| Quantedge Capital Pte Ltd 0.05% of their portfolio | 11.5k $146.2k | New |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.01% of their portfolio | 11.2k $142.1k | Reduced -500 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 11.1k $140.3k | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 10.7k $135.2k | New |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 10.5k $134.0k | New |
| Wealthcare Advisory Partners LLC 0.00% of their portfolio | 10.3k $130.7k | New |
| Parallel Advisors, LLC 0.00% of their portfolio | 4.8k $61.3k | Reduced -1.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 4.5k $57.1k | Reduced -863 |
| COMERICA BANK 0.00% of their portfolio | 4.2k $52.7k | Added +151 |
| CAROLINAS WEALTH CONSULTING LLC 0.01% of their portfolio | 3.5k $44.0k | Unchanged |
| CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio | 2.8k $35.7k | Unchanged |
| BankPlus Trust Department 0.01% of their portfolio | 2.1k $27.1k | Unchanged |
| Future Financial Wealth Managment LLC 0.02% of their portfolio | 2.0k $25.4k | Unchanged |
| Costello Asset Management, INC 0.01% of their portfolio | 1.7k $21.0k | New |
| Geneos Wealth Management Inc. 0.00% of their portfolio | 1.6k $20.8k | New |
| Nexus Investment Management ULC 0.00% of their portfolio | 1.5k $27.2k | New |
| VSM Wealth Advisory, LLC 0.01% of their portfolio | 1.5k $18.7k | Added +101 |
| Wilmington Savings Fund Society, FSB 0.00% of their portfolio | 1.2k $15.2k | Unchanged |
| BESSEMER GROUP INC 0.00% of their portfolio | 937 $12.0k | Unchanged |
| CoreCap Advisors, LLC 0.00% of their portfolio | 884 $11.2k | Unchanged |
| PRINCIPAL SECURITIES, INC. 0.00% of their portfolio | 768 $10.1k | Unchanged |
| CWM, LLC 0.00% of their portfolio | 222 $3.0k | Unchanged |
| Creekmur Asset Management LLC 0.00% of their portfolio | 216 $2.7k | Added +8 |
| WPG Advisers, LLC 0.00% of their portfolio | 169 $2.1k | New |
| ATLAS CAPITAL ADVISORS INC. 0.00% of their portfolio | 138 $1.8k | Unchanged |
| SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio | 125 $1.6k | Unchanged |
| Garde Capital, Inc. 0.00% of their portfolio | 100 $1.3k | New |
| COLDSTREAM CAPITAL MANAGEMENT INC 0.00% of their portfolio | 39 $495 | New |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 37 $470 | New |
| HUNTINGTON NATIONAL BANK 0.00% of their portfolio | 6 $79 | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 5 $63 | New |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 4 $51 | New |
| JFS WEALTH ADVISORS, LLC 0.00% of their portfolio | 3 $39 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |
| Reyes Financial Architecture, Inc. 0.00% of their portfolio | 0 $0 | Unchanged |