abrdn Income Credit Strategies Fund
ACP
34 hedge funds and large institutions have $39.5M invested in abrdn Income Credit Strategies Fund in 2018 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 1 closing their positions.
1,100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 1
48% more funds holding
Funds holding: 23 → 34 (+11)
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
2.15% more ownership
Funds ownership: 26.61% → 28.77% (+2.2%)
20% less capital invested
Capital invested by funds: $49.5M → $39.5M (-$9.95M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2.31M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$1.9M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.59M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.16M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$468K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3.59M |
| 2 |
Morgan Stanley
New York
|
-$1.71M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$1.25M |
| 4 |
LPL Financial
San Diego,
California
|
-$233K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$83.8K |
ACP Hedge Fund Activity: Q4 2018 in Review
34 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q4 2018, worth a combined $39.5M — down 20% from $49.5M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new ACP positions and 1 closed out — a net gain of 11 holders — while 9 added to existing stakes and 8 trimmed.
The largest buyer was Shaker Financial Services, opening a new position worth an estimated $2.31M. The largest seller was Guggenheim Capital, cutting an estimated $3.59M.
- 34 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q4 2018, up from 23 in Q3 2018.
- Funds reported $39.5M of abrdn Income Credit Strategies Fund stock for Q4 2018, down 20% quarter-over-quarter.
- 12 funds opened new abrdn Income Credit Strategies Fund positions in Q4 2018 and 1 closed out, a net change of +11 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q4 2018 was Shaker Financial Services, an estimated $2.31M added.
- The largest abrdn Income Credit Strategies Fund seller in Q4 2018 was Guggenheim Capital, an estimated $3.59M sold.
Based on aggregated 13F filings for Q4 2018.