abrdn Income Credit Strategies Fund
ACP
27 hedge funds and large institutions have $37M invested in abrdn Income Credit Strategies Fund in 2019 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 8 closing their positions.
5.39% less ownership
Funds ownership: 28.77% → 23.38% (-5.4%)
6% less capital invested
Capital invested by funds: $39.5M → $37M (-$2.51M)
21% less funds holding
Funds holding: 34 → 27 (-7)
25% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 12
88% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
+$368K |
| 2 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$154K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$154K |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$115K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$44.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.82M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.34M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.05M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.05M |
| 5 |
Morgan Stanley
New York
|
-$966K |
ACP Hedge Fund Activity: Q1 2019 in Review
27 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q1 2019, worth a combined $37M — down 6.3% from $39.5M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of ACP and 1 opened new positions — a net loss of 7 holders — while 12 trimmed existing stakes and 9 added.
The largest buyer was Mid Atlantic Financial Management, adding an estimated $368K. The largest seller was Invesco, cutting an estimated $1.82M.
- 27 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q1 2019, down from 34 in Q4 2018.
- Funds reported $37M of abrdn Income Credit Strategies Fund stock for Q1 2019, down 6.3% quarter-over-quarter.
- 1 fund opened new abrdn Income Credit Strategies Fund positions in Q1 2019 and 8 closed out, a net change of -7 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q1 2019 was Mid Atlantic Financial Management, an estimated $368K added.
- The largest abrdn Income Credit Strategies Fund seller in Q1 2019 was Invesco, an estimated $1.82M sold.
Based on aggregated 13F filings for Q1 2019.