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ACP

abrdn Income Credit Strategies Fund
ACP

37 hedge funds and large institutions have $53.2M invested in abrdn Income Credit Strategies Fund in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 16 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 2

19% more funds holding

Funds holding: 31 → 37 (+6)

1% more capital invested

Capital invested by funds: $52.8M → $53.2M (+$406K)

2.59% less ownership

Funds ownership: 35.01% → 32.43% (-2.6%)

44% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 16

Holders
37
Holders Change
+6
Holders Change %
+19.35%
% of All Funds
0.99%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
9
Reduced
16
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CIA
Capital Investment Advisors
Georgia
+$2.4M
2
GC
Guggenheim Capital
Illinois
+$1.16M
3
SKK
Shepherd Kaplan Krochuk
Massachusetts
+$700K
4
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$574K
5
CI
Cavalier Investments
Georgia
+$457K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$2.97M
2
AAM
Advisors Asset Management
Colorado
-$1.33M
3
SFS
Shaker Financial Services
Virginia
-$1.26M
4
Invesco
Invesco
Georgia
-$991K
5
Citigroup
Citigroup
New York
-$873K
Name Holding Trade Value Shares
Change 		Change in
Stake
TC
26
Telemus Capital
Michigan
$226K -$108K -8,988 -33%
SIM
27
Strategic Investment Management
Virginia
$156K +$151K +12,481 New
Envestnet Asset Management
28
Envestnet Asset Management
Illinois
$150K +$19.4K +1,610 +16%
MFS
29
MSI Financial Services
Massachusetts
$117K -$104K -8,649 -48%
Wells Fargo
30
Wells Fargo
California
$98K +$1.23K +102 +1%
TJHA
31
Thomas J. Herzfeld Advisors
Florida
$89K -$1.22K -101 -1%
Citigroup
32
Citigroup
New York
$73K -$873K -72,357 -93%
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$6K – – –
S
34
SignatureFD
Georgia
$2K – – –
JFA
35
JNBA Financial Advisors
Minnesota
$2K +$2K +166 New
PCM
36
Penserra Capital Management
California
$2K +$2.29K +190 New
AAM
37
Advisors Asset Management
Colorado
– -$1.33M -114,713 Closed
Deutsche Bank
38
Deutsche Bank
Germany
– -$68K -5,944 Closed
SEI Investments
39
SEI Investments
Pennsylvania
– +$386 +32 New
1
2

ACP Hedge Fund Activity: Q3 2016 in Review

37 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q3 2016, worth a combined $53.2M — up 0.77% from $52.8M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new ACP positions and 2 closed out — a net gain of 6 holders — while 9 added to existing stakes and 16 trimmed.

The largest buyer was Capital Investment Advisors, opening a new position worth an estimated $2.4M. The largest seller was Morgan Stanley, cutting an estimated $2.97M.

  • 37 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q3 2016, up from 31 in Q2 2016.
  • Funds reported $53.2M of abrdn Income Credit Strategies Fund stock for Q3 2016, up 0.77% quarter-over-quarter.
  • 8 funds opened new abrdn Income Credit Strategies Fund positions in Q3 2016 and 2 closed out, a net change of +6 holders.
  • The largest abrdn Income Credit Strategies Fund buyer in Q3 2016 was Capital Investment Advisors, an estimated $2.4M added.
  • The largest abrdn Income Credit Strategies Fund seller in Q3 2016 was Morgan Stanley, an estimated $2.97M sold.

Based on aggregated 13F filings for Q3 2016.