abrdn Income Credit Strategies Fund
ACP
24 hedge funds and large institutions have $52.7M invested in abrdn Income Credit Strategies Fund in 2017 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 12 increasing their positions, 7 reducing their positions, and 6 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 7
0% less capital invested
Capital invested by funds: $52.8M → $52.7M (-$111K)
1.77% less ownership
Funds ownership: 29.99% → 28.22% (-1.8%)
17% less funds holding
Funds holding: 29 → 24 (-5)
83% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$2.3M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.27M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.25M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$901K |
| 5 |
Morgan Stanley
New York
|
+$178K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$3.55M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$2.14M |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
-$1.31M |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$805K |
| 5 |
CI
Cavalier Investments
Alpharetta,
Georgia
|
-$510K |
ACP Hedge Fund Activity: Q3 2017 in Review
24 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q3 2017, worth a combined $52.7M — down 0.21% from $52.8M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of ACP and 1 opened new positions — a net loss of 5 holders — while 7 trimmed existing stakes and 12 added.
The largest buyer was Invesco, adding an estimated $2.3M. The largest seller was Parametric Portfolio Associates, cutting an estimated $3.55M.
- 24 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q3 2017, down from 29 in Q2 2017.
- Funds reported $52.7M of abrdn Income Credit Strategies Fund stock for Q3 2017, down 0.21% quarter-over-quarter.
- 1 fund opened new abrdn Income Credit Strategies Fund positions in Q3 2017 and 6 closed out, a net change of -5 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q3 2017 was Invesco, an estimated $2.3M added.
- The largest abrdn Income Credit Strategies Fund seller in Q3 2017 was Parametric Portfolio Associates, an estimated $3.55M sold.
Based on aggregated 13F filings for Q3 2017.