abrdn Income Credit Strategies Fund
ACP
32 hedge funds and large institutions have $77.4M invested in abrdn Income Credit Strategies Fund in 2015 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 14 reducing their positions, and 5 closing their positions.
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
11% more capital invested
Capital invested by funds: $70M → $77.4M (+$7.38M)
4.78% more ownership
Funds ownership: 35.43% → 40.22% (+4.8%)
3% more funds holding
Funds holding: 31 → 32 (+1)
50% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFP
Patriot Financial Partners
Radnor,
Pennsylvania
|
+$12.8M |
| 2 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$1.11M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$213K |
| 4 |
PAM
PVG Asset Management
Golden,
Colorado
|
+$183K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$116K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.6M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.48M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$683K |
| 4 |
LCM
Laurion Capital Management
New York
|
-$522K |
| 5 |
SG Americas Securities
New York
|
-$457K |
ACP Hedge Fund Activity: Q1 2015 in Review
32 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q1 2015, worth a combined $77.4M — up 11% from $70M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new ACP positions and 5 closed out — a net gain of 1 holder — while 7 added to existing stakes and 14 trimmed.
The largest buyer was Patriot Financial Partners, opening a new position worth an estimated $12.8M. The largest seller was Invesco, cutting an estimated $1.6M.
- 32 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q1 2015, up from 31 in Q4 2014.
- Funds reported $77.4M of abrdn Income Credit Strategies Fund stock for Q1 2015, up 11% quarter-over-quarter.
- 6 funds opened new abrdn Income Credit Strategies Fund positions in Q1 2015 and 5 closed out, a net change of +1 holder.
- The largest abrdn Income Credit Strategies Fund buyer in Q1 2015 was Patriot Financial Partners, an estimated $12.8M added.
- The largest abrdn Income Credit Strategies Fund seller in Q1 2015 was Invesco, an estimated $1.6M sold.
Based on aggregated 13F filings for Q1 2015.