abrdn Income Credit Strategies Fund
ACP
24 hedge funds and large institutions have $21.9M invested in abrdn Income Credit Strategies Fund in 2022 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 5 reducing their positions, and 12 closing their positions.
80% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 5
3% less capital invested
Capital invested by funds: $22.7M → $21.9M (-$781K)
3.2% less ownership
Funds ownership: 12.8% → 9.6% (-3.2%)
25% less funds holding
Funds holding: 32 → 24 (-8)
58% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.41M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.67M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$576K |
| 4 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
+$101K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$75.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.33M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$987K |
| 3 |
BCM
Bluefin Capital Management
New York
|
-$558K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$492K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$425K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SFS
26
Shaker Financial Services
Arlington,
Virginia
| – | -$987K | -96,939 | Closed |
|
|
BCM
27
Bluefin Capital Management
New York
| – | -$558K | -54,854 | Closed |
|
|
WAM
28
Wolverine Asset Management
Chicago,
Illinois
| – | -$492K | -48,424 | Closed |
|
|
WAM
29
Weiss Asset Management
Boston,
Massachusetts
| – | -$425K | -41,752 | Closed |
|
30
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$366K | -35,998 | Closed |
|
|
LCM
31
Landscape Capital Management
Englewood,
New Jersey
| – | -$144K | -14,147 | Closed |
|
32
Nomura Holdings
Tokyo,
Japan
| – | -$133K | -13,000 | Closed |
|
33
Verition Fund Management
Greenwich,
Connecticut
| – | -$102K | -10,000 | Closed |
|
|
LFASL
34
Lugano Financial Advisors SA (LFA)
Lugano,
Switzerland
| – | -$65K | -6,433 | Closed |
|
|
CA
35
CoreCap Advisors
Southfield,
Michigan
| – | -$56K | -5,490 | Closed |
|
|
WWMSC
36
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
| – | -$44K | -4,325 | Closed |
|
ACP Hedge Fund Activity: Q1 2022 in Review
24 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q1 2022, worth a combined $21.9M — down 3.4% from $22.7M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of ACP and 5 opened new positions — a net loss of 7 holders — while 5 trimmed existing stakes and 9 added.
The largest buyer was Morgan Stanley, adding an estimated $3.41M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $3.33M sold.
- 24 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q1 2022, down from 32 in Q4 2021.
- Funds reported $21.9M of abrdn Income Credit Strategies Fund stock for Q1 2022, down 3.4% quarter-over-quarter.
- 5 funds opened new abrdn Income Credit Strategies Fund positions in Q1 2022 and 12 closed out, a net change of -7 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q1 2022 was Morgan Stanley, an estimated $3.41M added.
- The largest abrdn Income Credit Strategies Fund seller in Q1 2022 was Sit Investment Associates, an estimated $3.33M sold.
Based on aggregated 13F filings for Q1 2022.