abrdn Income Credit Strategies Fund
ACP
26 hedge funds and large institutions have $28.2M invested in abrdn Income Credit Strategies Fund in 2020 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 12 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
4% more funds holding
Funds holding: 25 → 26 (+1)
3% less capital invested
Capital invested by funds: $29.1M → $28.2M (-$882K)
1.69% less ownership
Funds ownership: 16.82% → 15.14% (-1.7%)
42% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$6.98M |
| 2 |
Millennium Management
New York
|
+$473K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$134K |
| 4 |
FIA
FNY Investment Advisers
New York
|
+$105K |
| 5 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
+$54.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$676K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$615K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$399K |
| 4 |
LPL Financial
San Diego,
California
|
-$281K |
| 5 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$198K |
ACP Hedge Fund Activity: Q4 2020 in Review
26 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q4 2020, worth a combined $28.2M — down 3% from $29.1M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new ACP positions and 2 closed out — a net gain of 2 holders — while 7 added to existing stakes and 12 trimmed.
The largest buyer was Cetera Investment Advisers, opening a new position worth an estimated $6.98M. The largest seller was Sit Investment Associates, cutting an estimated $676K.
- 26 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q4 2020, up from 25 in Q3 2020.
- Funds reported $28.2M of abrdn Income Credit Strategies Fund stock for Q4 2020, down 3% quarter-over-quarter.
- 4 funds opened new abrdn Income Credit Strategies Fund positions in Q4 2020 and 2 closed out, a net change of +2 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q4 2020 was Cetera Investment Advisers, an estimated $6.98M added.
- The largest abrdn Income Credit Strategies Fund seller in Q4 2020 was Sit Investment Associates, an estimated $676K sold.
Based on aggregated 13F filings for Q4 2020.