abrdn Income Credit Strategies Fund
ACP
22 hedge funds and large institutions have $51.9M invested in abrdn Income Credit Strategies Fund in 2018 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 8 reducing their positions, and 8 closing their positions.
0.15% more ownership
Funds ownership: 28.69% → 28.84% (+0.15%)
1% less capital invested
Capital invested by funds: $52.6M → $51.9M (-$729K)
13% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 8
21% less funds holding
Funds holding: 28 → 22 (-6)
75% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$4.69M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.22M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$521K |
| 4 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$231K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$215K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$3.41M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$655K |
| 3 |
ACP
Aviance Capital Partners
Naples,
Florida
|
-$447K |
| 4 |
Morgan Stanley
New York
|
-$398K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$308K |
ACP Hedge Fund Activity: Q1 2018 in Review
22 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q1 2018, worth a combined $51.9M — down 1.4% from $52.6M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of ACP and 2 opened new positions — a net loss of 6 holders — while 8 trimmed existing stakes and 7 added.
The largest buyer was Laurion Capital Management, adding an estimated $4.69M. The largest seller was Shaker Financial Services, exiting entirely with an estimated $3.41M sold.
- 22 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q1 2018, down from 28 in Q4 2017.
- Funds reported $51.9M of abrdn Income Credit Strategies Fund stock for Q1 2018, down 1.4% quarter-over-quarter.
- 2 funds opened new abrdn Income Credit Strategies Fund positions in Q1 2018 and 8 closed out, a net change of -6 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q1 2018 was Laurion Capital Management, an estimated $4.69M added.
- The largest abrdn Income Credit Strategies Fund seller in Q1 2018 was Shaker Financial Services, an estimated $3.41M sold.
Based on aggregated 13F filings for Q1 2018.