abrdn Income Credit Strategies Fund
ACP
52 hedge funds and large institutions have $58M invested in abrdn Income Credit Strategies Fund in 2023 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 14 increasing their positions, 23 reducing their positions, and 4 closing their positions.
175% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 4
16% more funds holding
Funds holding: 45 → 52 (+7)
0.24% less ownership
Funds ownership: 16.58% → 16.35% (-0.24%)
1% less capital invested
Capital invested by funds: $58.7M → $58M (-$733K)
39% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$10.9M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.56M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.52M |
| 4 |
ACA
Aptus Capital Advisors
Fairhope,
Alabama
|
+$715K |
| 5 |
JP Morgan Chase
New York
|
+$391K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$8.21M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$5.48M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.08M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$722K |
| 5 |
MC
Moors & Cabot
Boston,
Massachusetts
|
-$385K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ANBT
51
American National Bank & Trust
Wichita Falls,
Texas
| $265 | +$246 | +39 | New |
|
52
Fidelity Investments
Boston,
Massachusetts
| $7 | +$6 | +1 | New |
|
53
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$76.3K | -11,225 | Closed |
|
|
KA
54
Kovack Advisors
Ft. Lauderdale,
Florida
| – | -$73.5K | -10,815 | Closed |
|
|
LFASL
55
Lugano Financial Advisors SA (LFA)
Lugano,
Switzerland
| – | -$40.8K | -5,999 | Closed |
|
|
MRCM
56
M&R Capital Management
Summit,
New Jersey
| – | -$8.61K | -1,266 | Closed |
|
ACP Hedge Fund Activity: Q4 2023 in Review
52 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q4 2023, worth a combined $58M — down 1.2% from $58.7M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new ACP positions and 4 closed out — a net gain of 7 holders — while 14 added to existing stakes and 23 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $10.9M. The largest seller was Wells Fargo, cutting an estimated $8.21M.
- 52 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q4 2023, up from 45 in Q3 2023.
- Funds reported $58M of abrdn Income Credit Strategies Fund stock for Q4 2023, down 1.2% quarter-over-quarter.
- 11 funds opened new abrdn Income Credit Strategies Fund positions in Q4 2023 and 4 closed out, a net change of +7 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q4 2023 was Morgan Stanley, an estimated $10.9M added.
- The largest abrdn Income Credit Strategies Fund seller in Q4 2023 was Wells Fargo, an estimated $8.21M sold.
Based on aggregated 13F filings for Q4 2023.