abrdn Income Credit Strategies Fund
ACP
35 hedge funds and large institutions have $51.6M invested in abrdn Income Credit Strategies Fund in 2019 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 10 increasing their positions, 9 reducing their positions, and 3 closing their positions.
433% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 3
86% more capital invested
Capital invested by funds: $27.7M → $51.6M (+$23.9M)
59% more funds holding
Funds holding: 22 → 35 (+13)
17.29% more ownership
Funds ownership: 16.99% → 34.28% (+17%)
11% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$10.3M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$7.11M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.26M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.4M |
| 5 |
Morgan Stanley
New York
|
+$1.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.56M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.02M |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$436K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$226K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$97K |
ACP Hedge Fund Activity: Q4 2019 in Review
35 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q4 2019, worth a combined $51.6M — up 86% from $27.7M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new ACP positions and 3 closed out — a net gain of 13 holders — while 10 added to existing stakes and 9 trimmed.
The largest buyer was First Allied Advisory Services, opening a new position worth an estimated $10.3M. The largest seller was Guggenheim Capital, cutting an estimated $2.56M.
- 35 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q4 2019, up from 22 in Q3 2019.
- Funds reported $51.6M of abrdn Income Credit Strategies Fund stock for Q4 2019, up 86% quarter-over-quarter.
- 16 funds opened new abrdn Income Credit Strategies Fund positions in Q4 2019 and 3 closed out, a net change of +13 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q4 2019 was First Allied Advisory Services, an estimated $10.3M added.
- The largest abrdn Income Credit Strategies Fund seller in Q4 2019 was Guggenheim Capital, an estimated $2.56M sold.
Based on aggregated 13F filings for Q4 2019.