abrdn Income Credit Strategies Fund
ACP
28 hedge funds and large institutions have $52.6M invested in abrdn Income Credit Strategies Fund in 2017 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
17% more funds holding
Funds holding: 24 → 28 (+4)
1.42% more ownership
Funds ownership: 28.22% → 29.64% (+1.4%)
0% less capital invested
Capital invested by funds: $52.7M → $52.6M (-$56K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$3.46M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.21M |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$287K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$264K |
| 5 |
LCM
Laurion Capital Management
New York
|
+$225K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICA
Infrastructure Capital Advisors
New York
|
-$1.26M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$748K |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
-$603K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$375K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$356K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Bessemer Group
Woodbridge,
New Jersey
| $7K | -$603K | -43,760 | -99% |
|
27
Royal Bank of Canada
Toronto,
Ontario, Canada
| $7K | – | – | – |
|
|
IWM
28
IHT Wealth Management
Chicago,
Illinois
| $1K | – | – | – |
|
|
ICA
29
Infrastructure Capital Advisors
New York
| – | -$1.26M | -88,641 | Closed |
|
|
PPA
30
Parametric Portfolio Associates
Seattle,
Washington
| – | -$356K | -24,962 | Closed |
|
31
Millennium Management
New York
| – | -$221K | -15,447 | Closed |
|
|
TC
32
Telemus Capital
Southfield,
Michigan
| – | -$148K | -10,332 | Closed |
|
ACP Hedge Fund Activity: Q4 2017 in Review
28 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q4 2017, worth a combined $52.6M — down 0.11% from $52.7M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new ACP positions and 4 closed out — a net gain of 4 holders — while 9 added to existing stakes and 7 trimmed.
The largest buyer was Shaker Financial Services, opening a new position worth an estimated $3.46M. The largest seller was Infrastructure Capital Advisors, exiting entirely with an estimated $1.26M sold.
- 28 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q4 2017, up from 24 in Q3 2017.
- Funds reported $52.6M of abrdn Income Credit Strategies Fund stock for Q4 2017, down 0.11% quarter-over-quarter.
- 8 funds opened new abrdn Income Credit Strategies Fund positions in Q4 2017 and 4 closed out, a net change of +4 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q4 2017 was Shaker Financial Services, an estimated $3.46M added.
- The largest abrdn Income Credit Strategies Fund seller in Q4 2017 was Infrastructure Capital Advisors, an estimated $1.26M sold.
Based on aggregated 13F filings for Q4 2017.