abrdn Income Credit Strategies Fund
ACP
25 hedge funds and large institutions have $25.4M invested in abrdn Income Credit Strategies Fund in 2021 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 14 increasing their positions, 4 reducing their positions, and 7 closing their positions.
250% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 4
4.73% less ownership
Funds ownership: 17.9% → 13.18% (-4.7%)
17% less funds holding
Funds holding: 30 → 25 (-5)
27% less capital invested
Capital invested by funds: $34.7M → $25.4M (-$9.33M)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$981K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$436K |
| 3 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
+$399K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$370K |
| 5 |
DP
Denver PWM
Denver,
Colorado
|
+$118K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.75M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.03M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.66M |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$1.19M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.17M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
COLIM
26
City of London Investment Management
London,
United Kingdom
| – | -$1.66M | -149,883 | Closed |
|
|
WAM
27
Weiss Asset Management
Boston,
Massachusetts
| – | -$1.19M | -106,847 | Closed |
|
|
RCM
28
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$1.17M | -105,358 | Closed |
|
|
YCM
29
Yakira Capital Management
Westport,
Connecticut
| – | -$339K | -30,517 | Closed |
|
|
HHGC
30
Hunting Hill Global Capital
New York
| – | -$287K | -25,822 | Closed |
|
|
NFG
31
Next Financial Group
Houston,
Texas
| – | -$178K | -16,000 | Closed |
|
32
Fidelity Investments
Boston,
Massachusetts
| – | +$11 | +1 | New |
|
ACP Hedge Fund Activity: Q3 2021 in Review
25 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q3 2021, worth a combined $25.4M — down 27% from $34.7M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of ACP and 2 opened new positions — a net loss of 5 holders — while 4 trimmed existing stakes and 14 added.
The largest buyer was UBS Group, adding an estimated $981K. The largest seller was Sit Investment Associates, cutting an estimated $3.75M.
- 25 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q3 2021, down from 30 in Q2 2021.
- Funds reported $25.4M of abrdn Income Credit Strategies Fund stock for Q3 2021, down 27% quarter-over-quarter.
- 2 funds opened new abrdn Income Credit Strategies Fund positions in Q3 2021 and 7 closed out, a net change of -5 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q3 2021 was UBS Group, an estimated $981K added.
- The largest abrdn Income Credit Strategies Fund seller in Q3 2021 was Sit Investment Associates, an estimated $3.75M sold.
Based on aggregated 13F filings for Q3 2021.