abrdn Income Credit Strategies Fund
ACP
23 hedge funds and large institutions have $49.5M invested in abrdn Income Credit Strategies Fund in 2018 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 11 increasing their positions, 6 reducing their positions, and 7 closing their positions.
83% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 6
3.22% less ownership
Funds ownership: 29.83% → 26.61% (-3.2%)
8% less capital invested
Capital invested by funds: $53.8M → $49.5M (-$4.34M)
18% less funds holding
Funds holding: 28 → 23 (-5)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$584K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$561K |
| 3 |
LFASL
Lugano Financial Advisors SA (LFA)
Lugano,
Switzerland
|
+$282K |
| 4 |
LPL Financial
San Diego,
California
|
+$230K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$204K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$3.59M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.59M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.12M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$426K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$407K |
ACP Hedge Fund Activity: Q3 2018 in Review
23 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q3 2018, worth a combined $49.5M — down 8.1% from $53.8M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of ACP and 2 opened new positions — a net loss of 5 holders — while 6 trimmed existing stakes and 11 added.
The largest buyer was Ladenburg Thalmann Financial Services, adding an estimated $584K. The largest seller was Laurion Capital Management, exiting entirely with an estimated $3.59M sold.
- 23 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q3 2018, down from 28 in Q2 2018.
- Funds reported $49.5M of abrdn Income Credit Strategies Fund stock for Q3 2018, down 8.1% quarter-over-quarter.
- 2 funds opened new abrdn Income Credit Strategies Fund positions in Q3 2018 and 7 closed out, a net change of -5 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q3 2018 was Ladenburg Thalmann Financial Services, an estimated $584K added.
- The largest abrdn Income Credit Strategies Fund seller in Q3 2018 was Laurion Capital Management, an estimated $3.59M sold.
Based on aggregated 13F filings for Q3 2018.