abrdn Income Credit Strategies Fund
ACP
37 hedge funds and large institutions have $51.4M invested in abrdn Income Credit Strategies Fund in 2015 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 13 increasing their positions, 11 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
18% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 11
9% more funds holding
Funds holding: 34 → 37 (+3)
0.15% more ownership
Funds ownership: 34.64% → 34.79% (+0.15%)
12% less capital invested
Capital invested by funds: $58.2M → $51.4M (-$6.77M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2.02M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$778K |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$568K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$533K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$472K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.46M |
| 2 |
TFMS
Trust & Fiduciary Management Services
Boston,
Massachusetts
|
-$1.62M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$786K |
| 4 |
HK
Horizon Kinetics
New York
|
-$458K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$230K |
ACP Hedge Fund Activity: Q4 2015 in Review
37 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q4 2015, worth a combined $51.4M — down 12% from $58.2M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new ACP positions and 7 closed out — a net gain of 3 holders — while 13 added to existing stakes and 11 trimmed.
The largest buyer was Shaker Financial Services, adding an estimated $2.02M. The largest seller was Morgan Stanley, cutting an estimated $2.46M.
- 37 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q4 2015, up from 34 in Q3 2015.
- Funds reported $51.4M of abrdn Income Credit Strategies Fund stock for Q4 2015, down 12% quarter-over-quarter.
- 10 funds opened new abrdn Income Credit Strategies Fund positions in Q4 2015 and 7 closed out, a net change of +3 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q4 2015 was Shaker Financial Services, an estimated $2.02M added.
- The largest abrdn Income Credit Strategies Fund seller in Q4 2015 was Morgan Stanley, an estimated $2.46M sold.
Based on aggregated 13F filings for Q4 2015.