abrdn Income Credit Strategies Fund
ACP
30 hedge funds and large institutions have $79.3M invested in abrdn Income Credit Strategies Fund in 2013 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 12 increasing their positions, 7 reducing their positions, and 2 closing their positions.
350% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 2
166% more capital inflows, than outflows
Capital inflows: $15.8M | Capital outflows: $5.92M
71% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 7
30% more funds holding
Funds holding: 23 → 30 (+7)
4.42% more ownership
Funds ownership: 30.12% → 34.54% (+4.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.34M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
+$1.72M |
| 3 |
Saba Capital Management
New York
|
+$996K |
| 4 |
Mariner Investment Group
Harrison,
New York
|
+$842K |
| 5 |
UBS
Zurich,
Switzerland
|
+$745K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.17M |
| 2 |
Guggenheim Capital
Chicago,
Illinois
|
-$1.29M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$773K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$743K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$369K |
ACP Hedge Fund Activity: Q4 2013 in Review
30 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q4 2013, worth a combined $79.3M — up 19% from $66.4M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new ACP positions and 2 closed out — a net gain of 7 holders — while 12 added to existing stakes and 7 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $6.34M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $2.17M sold.
- 30 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q4 2013, up from 23 in Q3 2013.
- Funds reported $79.3M of abrdn Income Credit Strategies Fund stock for Q4 2013, up 19% quarter-over-quarter.
- 9 funds opened new abrdn Income Credit Strategies Fund positions in Q4 2013 and 2 closed out, a net change of +7 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q4 2013 was Rivernorth Capital Management, an estimated $6.34M added.
- The largest abrdn Income Credit Strategies Fund seller in Q4 2013 was Sit Investment Associates, an estimated $2.17M sold.
Based on aggregated 13F filings for Q4 2013.