abrdn Income Credit Strategies Fund
ACP
21 hedge funds and large institutions have $30.1M invested in abrdn Income Credit Strategies Fund in 2019 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 8 closing their positions.
4.89% less ownership
Funds ownership: 24.15% → 19.27% (-4.9%)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
19% less capital invested
Capital invested by funds: $37M → $30.1M (-$6.91M)
22% less funds holding
Funds holding: 27 → 21 (-6)
75% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$382K |
| 2 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
+$95.6K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$70.8K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$64.8K |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
+$59.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$2.11M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.8M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.43M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.07M |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$560K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DP
26
Denver PWM
Denver,
Colorado
| – | -$181K | -15,183 | Closed |
|
|
SIA
27
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$125K | -10,694 | Closed |
|
|
WAM
28
Wolverine Asset Management
Chicago,
Illinois
| – | -$35K | -3,068 | Closed |
|
29
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$6K | -517 | Closed |
|
ACP Hedge Fund Activity: Q2 2019 in Review
21 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q2 2019, worth a combined $30.1M — down 19% from $37M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of ACP and 2 opened new positions — a net loss of 6 holders — while 9 trimmed existing stakes and 8 added.
The largest buyer was UBS Group, adding an estimated $382K. The largest seller was Clough Capital Partners, exiting entirely with an estimated $2.11M sold.
- 21 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q2 2019, down from 27 in Q1 2019.
- Funds reported $30.1M of abrdn Income Credit Strategies Fund stock for Q2 2019, down 19% quarter-over-quarter.
- 2 funds opened new abrdn Income Credit Strategies Fund positions in Q2 2019 and 8 closed out, a net change of -6 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q2 2019 was UBS Group, an estimated $382K added.
- The largest abrdn Income Credit Strategies Fund seller in Q2 2019 was Clough Capital Partners, an estimated $2.11M sold.
Based on aggregated 13F filings for Q2 2019.