abrdn Income Credit Strategies Fund
ACP
29 hedge funds and large institutions have $52.8M invested in abrdn Income Credit Strategies Fund in 2017 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 6 closing their positions.
11% more capital invested
Capital invested by funds: $47.5M → $52.8M (+$5.28M)
3.1% more ownership
Funds ownership: 26.89% → 29.99% (+3.1%)
6% less funds holding
Funds holding: 31 → 29 (-2)
18% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 11
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.83M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$2.71M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$836K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$658K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$391K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$747K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$594K |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$458K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$397K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$360K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $36K | -$11.6K | -853 | -24% |
|
|
PCM
27
Penserra Capital Management
Orinda,
California
| $4K | +$55 | +4 | +1% |
|
|
BWA
28
BDO Wealth Advisors
Jacksonville,
Florida
| $2K | – | – | – |
|
|
MA
29
MUFG Americas
New York
| $1K | – | – | – |
|
|
IWM
30
IHT Wealth Management
Chicago,
Illinois
| $1 | – | – | – |
|
|
CCP
31
Clough Capital Partners
Boston,
Massachusetts
| – | -$458K | -33,929 | Closed |
|
|
RCM
32
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$397K | -29,351 | Closed |
|
|
YCM
33
Yakira Capital Management
Westport,
Connecticut
| – | -$188K | -13,940 | Closed |
|
|
WP
34
WealthPLAN Partners
Omaha,
Nebraska
| – | -$96.4K | -7,129 | Closed |
|
|
PFO
35
Pathstone Family Office
Englewood,
New Jersey
| – | -$22K | -1,634 | Closed |
|
ACP Hedge Fund Activity: Q2 2017 in Review
29 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q2 2017, worth a combined $52.8M — up 11% from $47.5M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of ACP and 4 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 9 added.
The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $3.83M. The largest seller was Morgan Stanley, cutting an estimated $747K.
- 29 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q2 2017, down from 31 in Q1 2017.
- Funds reported $52.8M of abrdn Income Credit Strategies Fund stock for Q2 2017, up 11% quarter-over-quarter.
- 4 funds opened new abrdn Income Credit Strategies Fund positions in Q2 2017 and 6 closed out, a net change of -2 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $3.83M added.
- The largest abrdn Income Credit Strategies Fund seller in Q2 2017 was Morgan Stanley, an estimated $747K sold.
Based on aggregated 13F filings for Q2 2017.