abrdn Income Credit Strategies Fund
ACP
34 hedge funds and large institutions have $58.2M invested in abrdn Income Credit Strategies Fund in 2015 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 14 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
3% more funds holding
Funds holding: 33 → 34 (+1)
4.83% less ownership
Funds ownership: 39.47% → 34.64% (-4.8%)
19% less capital invested
Capital invested by funds: $72M → $58.2M (-$13.8M)
29% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.44M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.14M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$877K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$765K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$489K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFP
Patriot Financial Partners
Radnor,
Pennsylvania
|
-$10.7M |
| 2 |
HK
Horizon Kinetics
New York
|
-$556K |
| 3 |
TFMS
Trust & Fiduciary Management Services
Boston,
Massachusetts
|
-$532K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$302K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$272K |
ACP Hedge Fund Activity: Q3 2015 in Review
34 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q3 2015, worth a combined $58.2M — down 19% from $72M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new ACP positions and 3 closed out — a net gain of 2 holders — while 10 added to existing stakes and 14 trimmed.
The largest buyer was Mariner Investment Group, opening a new position worth an estimated $1.44M. The largest seller was Patriot Financial Partners, exiting entirely with an estimated $10.7M sold.
- 34 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q3 2015, up from 33 in Q2 2015.
- Funds reported $58.2M of abrdn Income Credit Strategies Fund stock for Q3 2015, down 19% quarter-over-quarter.
- 5 funds opened new abrdn Income Credit Strategies Fund positions in Q3 2015 and 3 closed out, a net change of +2 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q3 2015 was Mariner Investment Group, an estimated $1.44M added.
- The largest abrdn Income Credit Strategies Fund seller in Q3 2015 was Patriot Financial Partners, an estimated $10.7M sold.
Based on aggregated 13F filings for Q3 2015.