abrdn Income Credit Strategies Fund
ACP
33 hedge funds and large institutions have $72M invested in abrdn Income Credit Strategies Fund in 2015 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 16 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
3% more funds holding
Funds holding: 32 → 33 (+1)
0.77% less ownership
Funds ownership: 41.55% → 40.78% (-0.77%)
7% less capital invested
Capital invested by funds: $77.4M → $72M (-$5.4M)
56% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 16
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$726K |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
+$381K |
| 3 |
WP
WealthPLAN Partners
Omaha,
Nebraska
|
+$325K |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
+$305K |
| 5 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
+$209K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$775K |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$715K |
| 3 |
Morgan Stanley
New York
|
-$567K |
| 4 |
HK
Horizon Kinetics
New York
|
-$402K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$356K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $108K | -$122K | -8,350 | -51% |
|
|
WAM
27
Wolverine Asset Management
Chicago,
Illinois
| $76K | +$81.4K | +5,595 | New |
|
28
Bank of America
Charlotte,
North Carolina
| $31K | -$4.63K | -318 | -12% |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| $20K | +$21.1K | +1,452 | New |
|
|
AIG
30
American International Group
New York
| $18.5K | -$57.1K | -3,926 | -75% |
|
|
BFEC
31
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $13K | – | – | – |
|
32
Royal Bank of Canada
Toronto,
Ontario, Canada
| $7K | – | – | – |
|
|
S
33
SignatureFD
Atlanta,
Georgia
| $2K | – | – | – |
|
34
LPL Financial
San Diego,
California
| – | -$159K | -10,809 | Closed |
|
|
SFS
35
Shaker Financial Services
Arlington,
Virginia
| – | -$152K | -10,370 | Closed |
|
36
Creative Planning
Overland Park,
Kansas
| – | -$15K | -1,033 | Closed |
|
ACP Hedge Fund Activity: Q2 2015 in Review
33 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q2 2015, worth a combined $72M — down 7% from $77.4M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new ACP positions and 3 closed out — a net gain of 1 holder — while 7 added to existing stakes and 16 trimmed.
The largest buyer was Yorktown Management & Research Company, adding an estimated $726K. The largest seller was Guggenheim Capital, cutting an estimated $775K.
- 33 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q2 2015, up from 32 in Q1 2015.
- Funds reported $72M of abrdn Income Credit Strategies Fund stock for Q2 2015, down 7% quarter-over-quarter.
- 4 funds opened new abrdn Income Credit Strategies Fund positions in Q2 2015 and 3 closed out, a net change of +1 holder.
- The largest abrdn Income Credit Strategies Fund buyer in Q2 2015 was Yorktown Management & Research Company, an estimated $726K added.
- The largest abrdn Income Credit Strategies Fund seller in Q2 2015 was Guggenheim Capital, an estimated $775K sold.
Based on aggregated 13F filings for Q2 2015.