abrdn Income Credit Strategies Fund
ACP
31 hedge funds and large institutions have $70M invested in abrdn Income Credit Strategies Fund in 2014 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 11 reducing their positions, and 5 closing their positions.
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
0% more funds holding
Funds holding: 31 → 31 (0)
0.01% less ownership
Funds ownership: 35.45% → 35.43% (-0.01%)
10% less capital invested
Capital invested by funds: $77.8M → $70M (-$7.85M)
27% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 11
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.85M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$803K |
| 3 |
LCM
Laurion Capital Management
New York
|
+$553K |
| 4 |
SG Americas Securities
New York
|
+$484K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$294K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.42M |
| 2 |
TFMS
Trust & Fiduciary Management Services
Boston,
Massachusetts
|
-$684K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$657K |
| 4 |
AIM
Allen Investment Management
New York
|
-$420K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$325K |
ACP Hedge Fund Activity: Q4 2014 in Review
31 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q4 2014, worth a combined $70M — down 10% from $77.8M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new ACP positions and 5 closed out — a net gain of 1 holder — while 8 added to existing stakes and 11 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $1.85M. The largest seller was Shaker Financial Services, cutting an estimated $1.42M.
- 31 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q4 2014, unchanged from Q3 2014.
- Funds reported $70M of abrdn Income Credit Strategies Fund stock for Q4 2014, down 10% quarter-over-quarter.
- 6 funds opened new abrdn Income Credit Strategies Fund positions in Q4 2014 and 5 closed out, a net change of +1 holder.
- The largest abrdn Income Credit Strategies Fund buyer in Q4 2014 was Advisors Asset Management, an estimated $1.85M added.
- The largest abrdn Income Credit Strategies Fund seller in Q4 2014 was Shaker Financial Services, an estimated $1.42M sold.
Based on aggregated 13F filings for Q4 2014.