abrdn Income Credit Strategies Fund
ACP
31 hedge funds and large institutions have $47.5M invested in abrdn Income Credit Strategies Fund in 2017 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 9 reducing their positions, and 6 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 9
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
3% less funds holding
Funds holding: 32 → 31 (-1)
3.18% less ownership
Funds ownership: 29.21% → 26.03% (-3.2%)
7% less capital invested
Capital invested by funds: $51.3M → $47.5M (-$3.79M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$2.42M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.07M |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$485K |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$458K |
| 5 |
ICA
Infrastructure Capital Advisors
New York
|
+$271K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$4.34M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.45M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.22M |
| 4 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$1.21M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$617K |
ACP Hedge Fund Activity: Q1 2017 in Review
31 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q1 2017, worth a combined $47.5M — down 7.4% from $51.3M a quarter earlier.
Fund positioning in ACP was balanced in Q1 2017: 6 funds opened new positions, 6 closed out, 13 added to existing stakes and 9 trimmed.
The largest buyer was Invesco, opening a new position worth an estimated $2.42M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $4.34M sold.
- 31 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q1 2017, down from 32 in Q4 2016.
- Funds reported $47.5M of abrdn Income Credit Strategies Fund stock for Q1 2017, down 7.4% quarter-over-quarter.
- 6 funds opened new abrdn Income Credit Strategies Fund positions in Q1 2017 and 6 closed out, a net change of 0 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q1 2017 was Invesco, an estimated $2.42M added.
- The largest abrdn Income Credit Strategies Fund seller in Q1 2017 was Laurion Capital Management, an estimated $4.34M sold.
Based on aggregated 13F filings for Q1 2017.