abrdn Income Credit Strategies Fund
ACP
28 hedge funds and large institutions have $52.6M invested in abrdn Income Credit Strategies Fund in 2017 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
60% more capital inflows, than outflows
Capital inflows: $6.61M | Capital outflows: $4.12M
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
17% more funds holding
Funds holding: 24 → 28 (+4)
1.37% more ownership
Funds ownership: 27.32% → 28.69% (+1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Shaker Financial Services
Arlington,
Virginia
|
+$3.46M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.21M |
| 3 |
First Allied Advisory Services
San Diego,
California
|
+$287K |
| 4 |
Doliver Advisors
Houston,
Texas
|
+$264K |
| 5 |
Laurion Capital Management
New York
|
+$225K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Infrastructure Capital Advisors
New York
|
-$1.26M |
| 2 |
Sit Investment Associates
Minneapolis,
Minnesota
|
-$748K |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
-$603K |
| 4 |
Guggenheim Capital
Chicago,
Illinois
|
-$375K |
| 5 |
Parametric Portfolio Associates
Seattle,
Washington
|
-$356K |
ACP Hedge Fund Activity: Q4 2017 in Review
28 of the 4,420 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q4 2017, worth a combined $52.6M — down 0.11% from $52.7M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new ACP positions and 4 closed out — a net gain of 4 holders — while 9 added to existing stakes and 7 trimmed.
The largest buyer was Shaker Financial Services, opening a new position worth an estimated $3.46M. The largest seller was Infrastructure Capital Advisors, exiting entirely with an estimated $1.26M sold.
- 28 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q4 2017, up from 24 in Q3 2017.
- Funds reported $52.6M of abrdn Income Credit Strategies Fund stock for Q4 2017, down 0.11% quarter-over-quarter.
- 8 funds opened new abrdn Income Credit Strategies Fund positions in Q4 2017 and 4 closed out, a net change of +4 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q4 2017 was Shaker Financial Services, an estimated $3.46M added.
- The largest abrdn Income Credit Strategies Fund seller in Q4 2017 was Infrastructure Capital Advisors, an estimated $1.26M sold.
Based on aggregated 13F filings for Q4 2017.