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ACP

abrdn Income Credit Strategies Fund

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.

New
Increased
Maintained
Reduced
Closed

17% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 12

3% less capital invested

Capital invested by funds: $54.4M → $52.8M (-$1.54M)

4.18% less ownership

Funds ownership: 39.19%35.01% (-4.2%)

18% less funds holding

Funds holding: 3831 (-7)

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: 10 (-1)

Holders
31
Holders Change
-7
Holders Change %
-18.42%
% of All Funds
0.83%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
2
Increased
14
Reduced
12
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$14.3M -$1.14M -102,065 -8%
GC
2
Guggenheim Capital
Illinois
$8.99M -$215K -19,244 -2%
RCM
3
Rivernorth Capital Management
Florida
$4.89M +$47.8K +4,275 +1%
LCM
4
Laurion Capital Management
New York
$3.92M +$671 +60 +0%
SFS
5
Shaker Financial Services
Virginia
$3.27M -$1.44M -129,224 -31%
UBS Group
6
UBS Group
Switzerland
$2.7M +$191K +17,081 +8%
Invesco
7
Invesco
Georgia
$1.86M -$103K -9,223 -5%
AAM
8
Advisors Asset Management
Colorado
$1.33M -$12.4K -1,105 -1%
CA
9
Cornerstone Advisors
North Carolina
$1.27M +$249K +22,242 +25%
CCP
10
Clough Capital Partners
Massachusetts
$1.27M +$299K +26,759 +32%
Bessemer Group
11
Bessemer Group
New Jersey
$1.23M -$733K -65,607 -38%
MIG
12
Mariner Investment Group
New York
$1.21M -$178K -15,941 -13%
YMRC
13
Yorktown Management & Research Company
Virginia
$1.08M -$231K -20,664 -18%
Citigroup
14
Citigroup
New York
$906K +$507K +45,338 +138%
DA
15
Doliver Advisors
Texas
$752K +$149K +13,329 +26%
AG
16
Advisor Group
Arizona
$573K +$553K +49,489 New
AA
17
AQR Arbitrage
Connecticut
$476K -$370K -33,105 -45%
RJA
18
Raymond James & Associates
Florida
$425K +$244K +21,843 +147%
LTFS
19
Ladenburg Thalmann Financial Services
Florida
$348K +$44.3K +3,965 +15%
ACP
20
Aviance Capital Partners
Florida
$347K +$69K +6,170 +26%
YCM
21
Yakira Capital Management
Connecticut
$341K
TC
22
Telemus Capital
Michigan
$313K +$186K +16,644 +161%
WP
23
WealthPLAN Partners
Nebraska
$247K +$499K +44,664 New
MFS
24
MSI Financial Services
Massachusetts
$208K -$13.8K -1,239 -6%
Bank of America
25
Bank of America
North Carolina
$162K +$49K +4,388 +46%

ACP Hedge Fund Activity: Q2 2016 in Review

31 of the 3,749 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.