abrdn Income Credit Strategies Fund
ACP
23 hedge funds and large institutions have $21.5M invested in abrdn Income Credit Strategies Fund in 2021 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 13 reducing their positions, and 5 closing their positions.
4.49% less ownership
Funds ownership: 15.14% → 10.65% (-4.5%)
12% less funds holding
Funds holding: 26 → 23 (-3)
24% less capital invested
Capital invested by funds: $28.2M → $21.5M (-$6.72M)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
62% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$489K |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$95.4K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$43.8K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$23.3K |
| 5 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
+$16.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$6.19M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$739K |
| 3 |
Millennium Management
New York
|
-$500K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$434K |
| 5 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$337K |
ACP Hedge Fund Activity: Q1 2021 in Review
23 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q1 2021, worth a combined $21.5M — down 24% from $28.2M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of ACP and 2 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 5 added.
The largest buyer was Invesco, adding an estimated $489K. The largest seller was Cetera Investment Advisers, cutting an estimated $6.19M.
- 23 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q1 2021, down from 26 in Q4 2020.
- Funds reported $21.5M of abrdn Income Credit Strategies Fund stock for Q1 2021, down 24% quarter-over-quarter.
- 2 funds opened new abrdn Income Credit Strategies Fund positions in Q1 2021 and 5 closed out, a net change of -3 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q1 2021 was Invesco, an estimated $489K added.
- The largest abrdn Income Credit Strategies Fund seller in Q1 2021 was Cetera Investment Advisers, an estimated $6.19M sold.
Based on aggregated 13F filings for Q1 2021.