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ACP

abrdn Income Credit Strategies Fund
ACP

49 hedge funds and large institutions have $92.1M invested in abrdn Income Credit Strategies Fund in 2023 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 14 increasing their positions, 2 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

738% more capital invested

Capital invested by funds: $11M → $92.1M (+$81.1M)

600% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 2

480% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 5

88% more funds holding

Funds holding: 26 → 49 (+23)

49.87% more ownership

Funds ownership: 6.6% → 56.48% (+50%)

Holders
49
Holders Change
+23
Holders Change %
+88.46%
% of All Funds
0.78%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
29
Increased
14
Reduced
2
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$22.2M
2
KIM
Karpus Investment Management
New York
+$13.3M
3
Wells Fargo
Wells Fargo
California
+$10.7M
4
CCP
Clough Capital Partners
Massachusetts
+$8.92M
5
Morgan Stanley
Morgan Stanley
New York
+$6.14M

Top Sellers

Rank Fund Capital Flow
1
SWM
SeaCrest Wealth Management
New York
-$279K
2
VF
Virtu Financial
New York
-$130K
3
Citadel Advisors
Citadel Advisors
Florida
-$120K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$102K
5
Invesco
Invesco
Georgia
-$49.1K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJFSA
26
Raymond James Financial Services Advisors
Florida
$314K +$350K +47,038 New
MWM
27
Melfa Wealth Management
Massachusetts
$272K +$304K +40,814 New
OFG
28
OTA Financial Group
New York
$260K +$291K +39,038 New
HWAM
29
Hennion & Walsh Asset Management
New Jersey
$220K +$245K +32,935 New
BRWA
30
B. Riley Wealth Advisors
Florida
$154K – – –
CI
31
CX Institutional
Indiana
$140K +$157K +21,024 New
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$138K +$121K +16,253 +359%
Bank of Montreal
33
Bank of Montreal
Ontario, Canada
$129K +$138K +18,504 New
ASN
34
Advisory Services Network
Georgia
$127K +$1.74K +234 +1%
Creative Planning
35
Creative Planning
Kansas
$98.8K +$110K +14,813 New
XT
36
XTX Topco
Cayman Islands
$96.2K +$107K +14,424 New
Nomura Holdings
37
Nomura Holdings
Japan
$93.4K +$104K +14,000 New
KA
38
Kovack Advisors
Florida
$92K +$103K +13,799 New
CCFM
39
Clear Creek Financial Management
Washington
$80.9K +$90.4K +12,128 New
DWP
40
Daymark Wealth Partners
Ohio
$69.3K +$77.4K +10,390 New
LFASL
41
Lugano Financial Advisors SA (LFA)
Switzerland
$42.9K – – –
Carson Wealth (CWM LLC)
42
Carson Wealth (CWM LLC)
Nebraska
$40K +$44.1K +5,925 New
MRCM
43
M&R Capital Management
New Jersey
$8.44K -$9.5K -1,275 -50%
HI
44
Harbour Investments
Wisconsin
$7.11K – – –
CMP
45
Coston McIsaac & Partners
Maine
$5K +$231 +31 +4%
HGERS
46
Householder Group Estate & Retirement Specialist
Arizona
$4K +$4.93K +662 New
TFGT
47
TS Financial Group (TSFG)
Illinois
$2K – – –
Commonwealth Equity Services
48
Commonwealth Equity Services
Massachusetts
$270 +$72.2K +9,692 +31%
EWA
49
EverSource Wealth Advisors
Alabama
$160 +$179 +24 New
SWM
50
SeaCrest Wealth Management
New York
– -$279K -41,081 Closed
1
2
3

ACP Hedge Fund Activity: Q1 2023 in Review

49 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q1 2023, worth a combined $92.1M — up 738% from $11M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new ACP positions and 5 closed out — a net gain of 24 holders — while 14 added to existing stakes and 2 trimmed.

The largest buyer was Sit Investment Associates, opening a new position worth an estimated $22.2M. The largest seller was SeaCrest Wealth Management, exiting entirely with an estimated $279K sold.

  • 49 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q1 2023, up from 26 in Q4 2022.
  • Funds reported $92.1M of abrdn Income Credit Strategies Fund stock for Q1 2023, up 738% quarter-over-quarter.
  • 29 funds opened new abrdn Income Credit Strategies Fund positions in Q1 2023 and 5 closed out, a net change of +24 holders.
  • The largest abrdn Income Credit Strategies Fund buyer in Q1 2023 was Sit Investment Associates, an estimated $22.2M added.
  • The largest abrdn Income Credit Strategies Fund seller in Q1 2023 was SeaCrest Wealth Management, an estimated $279K sold.

Based on aggregated 13F filings for Q1 2023.