abrdn Income Credit Strategies Fund
ACP
31 hedge funds and large institutions have $52.8M invested in abrdn Income Credit Strategies Fund in 2016 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 9 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 12
4.04% less ownership
Funds ownership: 37.93% → 33.89% (-4%)
18% less funds holding
Funds holding: 38 → 31 (-7)
65% less capital inflows, than outflows
Capital inflows: $3.1M | Capital outflows: $8.96M
78% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 9
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
+$507K |
| 2 |
Clough Capital Partners
Boston,
Massachusetts
|
+$299K |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$249K |
| 4 |
Raymond James & Associates
St Petersburg,
Florida
|
+$244K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$191K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Investment Advisors
Atlanta,
Georgia
|
-$1.86M |
| 2 |
Shaker Financial Services
Arlington,
Virginia
|
-$1.44M |
| 3 |
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.38M |
| 4 |
Morgan Stanley
New York
|
-$1.14M |
| 5 |
Bessemer Group
Woodbridge,
New Jersey
|
-$733K |
ACP Hedge Fund Activity: Q2 2016 in Review
31 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q2 2016, worth a combined $52.8M — down 2.8% from $54.4M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of ACP and 2 opened new positions — a net loss of 7 holders — while 12 trimmed existing stakes and 14 added.
The largest buyer was Citigroup, adding an estimated $507K. The largest seller was Capital Investment Advisors, exiting entirely with an estimated $1.86M sold.
- 31 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q2 2016, down from 38 in Q1 2016.
- Funds reported $52.8M of abrdn Income Credit Strategies Fund stock for Q2 2016, down 2.8% quarter-over-quarter.
- 2 funds opened new abrdn Income Credit Strategies Fund positions in Q2 2016 and 9 closed out, a net change of -7 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q2 2016 was Citigroup, an estimated $507K added.
- The largest abrdn Income Credit Strategies Fund seller in Q2 2016 was Capital Investment Advisors, an estimated $1.86M sold.
Based on aggregated 13F filings for Q2 2016.