abrdn Income Credit Strategies Fund
ACP
37 hedge funds and large institutions have $53.2M invested in abrdn Income Credit Strategies Fund in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 16 reducing their positions, and 2 closing their positions.
300% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 2
19% more funds holding
Funds holding: 31 → 37 (+6)
1% more capital invested
Capital invested by funds: $52.8M → $53.2M (+$406K)
2.59% less ownership
Funds ownership: 35.01% → 32.43% (-2.6%)
44% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$2.4M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.16M |
| 3 |
SKK
Shepherd Kaplan Krochuk
Boston,
Massachusetts
|
+$700K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$574K |
| 5 |
CI
Cavalier Investments
Alpharetta,
Georgia
|
+$457K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.97M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.33M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.26M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$991K |
| 5 |
Citigroup
New York
|
-$873K |
ACP Hedge Fund Activity: Q3 2016 in Review
37 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q3 2016, worth a combined $53.2M — up 0.77% from $52.8M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new ACP positions and 2 closed out — a net gain of 6 holders — while 9 added to existing stakes and 16 trimmed.
The largest buyer was Capital Investment Advisors, opening a new position worth an estimated $2.4M. The largest seller was Morgan Stanley, cutting an estimated $2.97M.
- 37 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q3 2016, up from 31 in Q2 2016.
- Funds reported $53.2M of abrdn Income Credit Strategies Fund stock for Q3 2016, up 0.77% quarter-over-quarter.
- 8 funds opened new abrdn Income Credit Strategies Fund positions in Q3 2016 and 2 closed out, a net change of +6 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q3 2016 was Capital Investment Advisors, an estimated $2.4M added.
- The largest abrdn Income Credit Strategies Fund seller in Q3 2016 was Morgan Stanley, an estimated $2.97M sold.
Based on aggregated 13F filings for Q3 2016.