abrdn Income Credit Strategies Fund
ACP
22 hedge funds and large institutions have $27.7M invested in abrdn Income Credit Strategies Fund in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 10 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
5% more funds holding
Funds holding: 21 → 22 (+1)
1.65% less ownership
Funds ownership: 18.65% → 16.99% (-1.7%)
8% less capital invested
Capital invested by funds: $30.1M → $27.7M (-$2.45M)
50% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$653K |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$435K |
| 3 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
+$92K |
| 4 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
+$70.1K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$31.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.8M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$631K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$615K |
| 4 |
Morgan Stanley
New York
|
-$414K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$173K |
ACP Hedge Fund Activity: Q3 2019 in Review
22 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q3 2019, worth a combined $27.7M — down 8.1% from $30.1M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new ACP positions and 3 closed out — a net gain of 1 holder — while 5 added to existing stakes and 10 trimmed.
The largest buyer was Sit Investment Associates, opening a new position worth an estimated $653K. The largest seller was Invesco, cutting an estimated $1.8M.
- 22 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q3 2019, up from 21 in Q2 2019.
- Funds reported $27.7M of abrdn Income Credit Strategies Fund stock for Q3 2019, down 8.1% quarter-over-quarter.
- 4 funds opened new abrdn Income Credit Strategies Fund positions in Q3 2019 and 3 closed out, a net change of +1 holder.
- The largest abrdn Income Credit Strategies Fund buyer in Q3 2019 was Sit Investment Associates, an estimated $653K added.
- The largest abrdn Income Credit Strategies Fund seller in Q3 2019 was Invesco, an estimated $1.8M sold.
Based on aggregated 13F filings for Q3 2019.