abrdn Income Credit Strategies Fund
ACP
25 hedge funds and large institutions have $29.1M invested in abrdn Income Credit Strategies Fund in 2020 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 4 increasing their positions, 13 reducing their positions, and 5 closing their positions.
4% more capital invested
Capital invested by funds: $28M → $29.1M (+$1.02M)
1.15% less ownership
Funds ownership: 17.97% → 16.82% (-1.1%)
4% less funds holding
Funds holding: 26 → 25 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
69% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$797K |
| 2 |
LPL Financial
San Diego,
California
|
+$460K |
| 3 |
LFASL
Lugano Financial Advisors SA (LFA)
Lugano,
Switzerland
|
+$312K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$191K |
| 5 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
+$49.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DP
Denver PWM
Denver,
Colorado
|
-$871K |
| 2 |
Morgan Stanley
New York
|
-$619K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$601K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$407K |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$353K |
ACP Hedge Fund Activity: Q3 2020 in Review
25 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q3 2020, worth a combined $29.1M — up 3.6% from $28M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of ACP and 4 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 4 added.
The largest buyer was Sit Investment Associates, adding an estimated $797K. The largest seller was Denver PWM, exiting entirely with an estimated $871K sold.
- 25 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q3 2020, down from 26 in Q2 2020.
- Funds reported $29.1M of abrdn Income Credit Strategies Fund stock for Q3 2020, up 3.6% quarter-over-quarter.
- 4 funds opened new abrdn Income Credit Strategies Fund positions in Q3 2020 and 5 closed out, a net change of -1 holder.
- The largest abrdn Income Credit Strategies Fund buyer in Q3 2020 was Sit Investment Associates, an estimated $797K added.
- The largest abrdn Income Credit Strategies Fund seller in Q3 2020 was Denver PWM, an estimated $871K sold.
Based on aggregated 13F filings for Q3 2020.