abrdn Income Credit Strategies Fund
ACP
28 hedge funds and large institutions have $53.8M invested in abrdn Income Credit Strategies Fund in 2018 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 8 reducing their positions, and 1 closing their positions.
700% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 1
27% more funds holding
Funds holding: 22 → 28 (+6)
4% more capital invested
Capital invested by funds: $51.9M → $53.8M (+$1.96M)
0.99% more ownership
Funds ownership: 28.84% → 29.83% (+0.99%)
13% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.61M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$871K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$755K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$430K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$279K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$1.39M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.01M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$200K |
| 4 |
Morgan Stanley
New York
|
-$128K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$70.3K |
ACP Hedge Fund Activity: Q2 2018 in Review
28 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q2 2018, worth a combined $53.8M — up 3.8% from $51.9M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new ACP positions and 1 closed out — a net gain of 7 holders — while 7 added to existing stakes and 8 trimmed.
The largest buyer was Shaker Financial Services, opening a new position worth an estimated $1.61M. The largest seller was Laurion Capital Management, cutting an estimated $1.39M.
- 28 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q2 2018, up from 22 in Q1 2018.
- Funds reported $53.8M of abrdn Income Credit Strategies Fund stock for Q2 2018, up 3.8% quarter-over-quarter.
- 8 funds opened new abrdn Income Credit Strategies Fund positions in Q2 2018 and 1 closed out, a net change of +7 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q2 2018 was Shaker Financial Services, an estimated $1.61M added.
- The largest abrdn Income Credit Strategies Fund seller in Q2 2018 was Laurion Capital Management, an estimated $1.39M sold.
Based on aggregated 13F filings for Q2 2018.