abrdn Income Credit Strategies Fund
ACP
23 hedge funds and large institutions have $66.4M invested in abrdn Income Credit Strategies Fund in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 10 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
5% more funds holding
Funds holding: 22 → 23 (+1)
0.29% less ownership
Funds ownership: 30.41% → 30.12% (-0.29%)
3% less capital invested
Capital invested by funds: $68.1M → $66.4M (-$1.75M)
30% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.57M |
| 2 |
Morgan Stanley
New York
|
+$1.4M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$699K |
| 4 |
SCM
Saba Capital Management
New York
|
+$506K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$413K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.16M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$982K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$704K |
| 4 |
TFMS
Trust & Fiduciary Management Services
Boston,
Massachusetts
|
-$339K |
| 5 |
Barclays
London,
United Kingdom
|
-$136K |
ACP Hedge Fund Activity: Q3 2013 in Review
23 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q3 2013, worth a combined $66.4M — down 2.6% from $68.1M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new ACP positions and 2 closed out — a net gain of 2 holders — while 7 added to existing stakes and 10 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $1.57M. The largest seller was Sit Investment Associates, cutting an estimated $3.16M.
- 23 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q3 2013, up from 22 in Q2 2013.
- Funds reported $66.4M of abrdn Income Credit Strategies Fund stock for Q3 2013, down 2.6% quarter-over-quarter.
- 4 funds opened new abrdn Income Credit Strategies Fund positions in Q3 2013 and 2 closed out, a net change of +2 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q3 2013 was Guggenheim Capital, an estimated $1.57M added.
- The largest abrdn Income Credit Strategies Fund seller in Q3 2013 was Sit Investment Associates, an estimated $3.16M sold.
Based on aggregated 13F filings for Q3 2013.