abrdn Income Credit Strategies Fund
ACP
38 hedge funds and large institutions have $54.4M invested in abrdn Income Credit Strategies Fund in 2016 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 5 closing their positions.
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
6% more capital invested
Capital invested by funds: $51.4M → $54.4M (+$2.93M)
3.15% more ownership
Funds ownership: 34.79% → 37.93% (+3.1%)
3% more funds holding
Funds holding: 37 → 38 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$3.25M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.76M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$878K |
| 4 |
Morgan Stanley
New York
|
+$633K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$510K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
-$2.56M |
| 2 |
HK
Horizon Kinetics
New York
|
-$810K |
| 3 |
BFM
Boothbay Fund Management
New York
|
-$419K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$280K |
| 5 |
Squarepoint
New York
|
-$252K |
ACP Hedge Fund Activity: Q1 2016 in Review
38 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q1 2016, worth a combined $54.4M — up 5.7% from $51.4M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new ACP positions and 5 closed out — a net gain of 2 holders — while 14 added to existing stakes and 11 trimmed.
The largest buyer was Laurion Capital Management, adding an estimated $3.25M. The largest seller was Bessemer Group, cutting an estimated $2.56M.
- 38 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q1 2016, up from 37 in Q4 2015.
- Funds reported $54.4M of abrdn Income Credit Strategies Fund stock for Q1 2016, up 5.7% quarter-over-quarter.
- 7 funds opened new abrdn Income Credit Strategies Fund positions in Q1 2016 and 5 closed out, a net change of +2 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q1 2016 was Laurion Capital Management, an estimated $3.25M added.
- The largest abrdn Income Credit Strategies Fund seller in Q1 2016 was Bessemer Group, an estimated $2.56M sold.
Based on aggregated 13F filings for Q1 2016.