abrdn Income Credit Strategies Fund
ACP
32 hedge funds and large institutions have $51.3M invested in abrdn Income Credit Strategies Fund in 2016 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 13 increasing their positions, 11 reducing their positions, and 8 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 11
4% less capital invested
Capital invested by funds: $53.2M → $51.3M (-$1.94M)
2.25% less ownership
Funds ownership: 32.43% → 30.18% (-2.2%)
14% less funds holding
Funds holding: 37 → 32 (-5)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.94M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.81M |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$1.49M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
+$555K |
| 5 |
LCM
Laurion Capital Management
New York
|
+$421K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.24M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.14M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$1.39M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$980K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$743K |
ACP Hedge Fund Activity: Q4 2016 in Review
32 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q4 2016, worth a combined $51.3M — down 3.6% from $53.2M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of ACP and 4 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 13 added.
The largest buyer was Guggenheim Capital, adding an estimated $1.94M. The largest seller was Morgan Stanley, cutting an estimated $4.24M.
- 32 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q4 2016, down from 37 in Q3 2016.
- Funds reported $51.3M of abrdn Income Credit Strategies Fund stock for Q4 2016, down 3.6% quarter-over-quarter.
- 4 funds opened new abrdn Income Credit Strategies Fund positions in Q4 2016 and 8 closed out, a net change of -4 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q4 2016 was Guggenheim Capital, an estimated $1.94M added.
- The largest abrdn Income Credit Strategies Fund seller in Q4 2016 was Morgan Stanley, an estimated $4.24M sold.
Based on aggregated 13F filings for Q4 2016.