abrdn Income Credit Strategies Fund
ACP
44 hedge funds and large institutions have $25.6M invested in abrdn Income Credit Strategies Fund in 2024 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 12 increasing their positions, 15 reducing their positions, and 10 closing their positions.
1.98% less ownership
Funds ownership: 9.21% → 7.23% (-2%)
2% less funds holding
Funds holding: 45 → 44 (-1)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
20% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 15
21% less capital invested
Capital invested by funds: $32.5M → $25.6M (-$6.99M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$418K |
| 2 |
HNWAG
High Net Worth Advisory Group
Naples,
Florida
|
+$213K |
| 3 |
LPL Financial
San Diego,
California
|
+$213K |
| 4 |
WAM
Worth Asset Management
Dallas,
Texas
|
+$202K |
| 5 |
CIA
Concurrent Investment Advisors
Tampa,
Florida
|
+$200K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.16M |
| 2 |
Morgan Stanley
New York
|
-$1.97M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.42M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$858K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$625K |
ACP Hedge Fund Activity: Q2 2024 in Review
44 of the 6,925 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q2 2024, worth a combined $25.6M — down 21% from $32.5M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of ACP and 9 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 12 added.
The largest buyer was Guggenheim Capital, adding an estimated $418K. The largest seller was Shaker Financial Services, exiting entirely with an estimated $2.16M sold.
- 44 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q2 2024, down from 45 in Q1 2024.
- Funds reported $25.6M of abrdn Income Credit Strategies Fund stock for Q2 2024, down 21% quarter-over-quarter.
- 9 funds opened new abrdn Income Credit Strategies Fund positions in Q2 2024 and 10 closed out, a net change of -1 holder.
- The largest abrdn Income Credit Strategies Fund buyer in Q2 2024 was Guggenheim Capital, an estimated $418K added.
- The largest abrdn Income Credit Strategies Fund seller in Q2 2024 was Shaker Financial Services, an estimated $2.16M sold.
Based on aggregated 13F filings for Q2 2024.