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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$22.2M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$13.3M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$10.7M |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$8.92M |
| 5 |
Morgan Stanley
New York
|
+$6.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
-$279K |
| 2 |
VF
Virtu Financial
New York
|
-$130K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$120K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$102K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$49.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VF
51
Virtu Financial
New York
| – | -$130K | -19,153 | Closed |
|
|
52
Citadel Advisors
Miami,
Florida
| – | -$120K | -17,648 | Closed |
|
|
53
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$102K | -15,073 | Closed |
|
|
MCC
54
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$18K | -2,650 | Closed |
|
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.