abrdn Income Credit Strategies Fund
ACP
29 hedge funds and large institutions have $77.7M invested in abrdn Income Credit Strategies Fund in 2014 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 5 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 9
0.66% less ownership
Funds ownership: 35.68% → 35.02% (-0.66%)
2% less capital invested
Capital invested by funds: $79.3M → $77.7M (-$1.56M)
3% less funds holding
Funds holding: 30 → 29 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HK
Horizon Kinetics
New York
|
+$2.69M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
+$1.38M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$987K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$595K |
| 5 |
TFMS
Trust & Fiduciary Management Services
Boston,
Massachusetts
|
+$469K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.74M |
| 2 |
SCM
Saba Capital Management
New York
|
-$1.55M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.18M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$1.18M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.01M |
ACP Hedge Fund Activity: Q1 2014 in Review
29 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q1 2014, worth a combined $77.7M — down 2% from $79.3M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of ACP and 4 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 12 added.
The largest buyer was Horizon Kinetics, adding an estimated $2.69M. The largest seller was Guggenheim Capital, cutting an estimated $1.74M.
- 29 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q1 2014, down from 30 in Q4 2013.
- Funds reported $77.7M of abrdn Income Credit Strategies Fund stock for Q1 2014, down 2% quarter-over-quarter.
- 4 funds opened new abrdn Income Credit Strategies Fund positions in Q1 2014 and 5 closed out, a net change of -1 holder.
- The largest abrdn Income Credit Strategies Fund buyer in Q1 2014 was Horizon Kinetics, an estimated $2.69M added.
- The largest abrdn Income Credit Strategies Fund seller in Q1 2014 was Guggenheim Capital, an estimated $1.74M sold.
Based on aggregated 13F filings for Q1 2014.