abrdn Income Credit Strategies Fund
ACP
32 hedge funds and large institutions have $79.1M invested in abrdn Income Credit Strategies Fund in 2014 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
33% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 9
10% more funds holding
Funds holding: 29 → 32 (+3)
2% more capital invested
Capital invested by funds: $77.7M → $79.1M (+$1.37M)
0.24% less ownership
Funds ownership: 33.9% → 33.66% (-0.24%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HK
Horizon Kinetics
New York
|
+$1.35M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
+$1.33M |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$897K |
| 4 |
TFMS
Trust & Fiduciary Management Services
Boston,
Massachusetts
|
+$866K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$856K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$2.37M |
| 2 |
Barclays
London,
United Kingdom
|
-$2.31M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.73M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$701K |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$596K |
ACP Hedge Fund Activity: Q2 2014 in Review
32 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q2 2014, worth a combined $79.1M — up 1.8% from $77.7M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new ACP positions and 2 closed out — a net gain of 3 holders — while 12 added to existing stakes and 9 trimmed.
The largest buyer was Horizon Kinetics, adding an estimated $1.35M. The largest seller was Invesco, cutting an estimated $2.37M.
- 32 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q2 2014, up from 29 in Q1 2014.
- Funds reported $79.1M of abrdn Income Credit Strategies Fund stock for Q2 2014, up 1.8% quarter-over-quarter.
- 5 funds opened new abrdn Income Credit Strategies Fund positions in Q2 2014 and 2 closed out, a net change of +3 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q2 2014 was Horizon Kinetics, an estimated $1.35M added.
- The largest abrdn Income Credit Strategies Fund seller in Q2 2014 was Invesco, an estimated $2.37M sold.
Based on aggregated 13F filings for Q2 2014.