abrdn Income Credit Strategies Fund
ACP
31 hedge funds and large institutions have $77.8M invested in abrdn Income Credit Strategies Fund in 2014 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 14 increasing their positions, 7 reducing their positions, and 4 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 7
1.79% more ownership
Funds ownership: 33.66% → 35.45% (+1.8%)
2% less capital invested
Capital invested by funds: $79.1M → $77.8M (-$1.25M)
3% less funds holding
Funds holding: 32 → 31 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$1.75M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.38M |
| 3 |
Morgan Stanley
New York
|
+$1.04M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$966K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$695K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.77M |
| 2 |
TFMS
Trust & Fiduciary Management Services
Boston,
Massachusetts
|
-$1.61M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$457K |
| 4 |
HK
Horizon Kinetics
New York
|
-$302K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$299K |
ACP Hedge Fund Activity: Q3 2014 in Review
31 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q3 2014, worth a combined $77.8M — down 1.6% from $79.1M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of ACP and 3 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 14 added.
The largest buyer was Bessemer Group, adding an estimated $1.75M. The largest seller was Mariner Investment Group, exiting entirely with an estimated $1.77M sold.
- 31 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q3 2014, down from 32 in Q2 2014.
- Funds reported $77.8M of abrdn Income Credit Strategies Fund stock for Q3 2014, down 1.6% quarter-over-quarter.
- 3 funds opened new abrdn Income Credit Strategies Fund positions in Q3 2014 and 4 closed out, a net change of -1 holder.
- The largest abrdn Income Credit Strategies Fund buyer in Q3 2014 was Bessemer Group, an estimated $1.75M added.
- The largest abrdn Income Credit Strategies Fund seller in Q3 2014 was Mariner Investment Group, an estimated $1.77M sold.
Based on aggregated 13F filings for Q3 2014.