abrdn Income Credit Strategies Fund
ACP
127 hedge funds and large institutions have $196M invested in abrdn Income Credit Strategies Fund in 2024 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 46 increasing their positions, 32 reducing their positions, and 12 closing their positions.
92% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 12
44% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 32
7% more funds holding
Funds holding: 119 → 127 (+8)
2.53% more ownership
Funds ownership: 23.64% → 26.17% (+2.5%)
0% less capital invested
Capital invested by funds: $196M → $196M (-$198K)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$7.13M |
| 2 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$6.15M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.77M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.7M |
| 5 |
QL
Quarry LP
New York
|
+$2.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.79M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.08M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$2.04M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.64M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.26M |
ACP Hedge Fund Activity: Q4 2024 in Review
127 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q4 2024, worth a combined $196M — down 0.1% from $196M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new ACP positions and 12 closed out — a net gain of 11 holders — while 46 added to existing stakes and 32 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $7.13M. The largest seller was Morgan Stanley, cutting an estimated $5.79M.
- 127 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q4 2024, up from 119 in Q3 2024.
- Funds reported $196M of abrdn Income Credit Strategies Fund stock for Q4 2024, down 0.1% quarter-over-quarter.
- 23 funds opened new abrdn Income Credit Strategies Fund positions in Q4 2024 and 12 closed out, a net change of +11 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q4 2024 was Sit Investment Associates, an estimated $7.13M added.
- The largest abrdn Income Credit Strategies Fund seller in Q4 2024 was Morgan Stanley, an estimated $5.79M sold.
Based on aggregated 13F filings for Q4 2024.