abrdn Income Credit Strategies Fund
ACP
30 hedge funds and large institutions have $34.7M invested in abrdn Income Credit Strategies Fund in 2021 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 2 closing their positions.
350% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 2
325% more capital inflows, than outflows
Capital inflows: $19.2M | Capital outflows: $4.52M
30% more funds holding
Funds holding: 23 → 30 (+7)
7.26% more ownership
Funds ownership: 10.65% → 17.9% (+7.3%)
9% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$9.5M |
| 2 |
Shaker Financial Services
Arlington,
Virginia
|
+$2.14M |
| 3 |
City of London Investment Management
London,
United Kingdom
|
+$1.76M |
| 4 |
Weiss Asset Management
Boston,
Massachusetts
|
+$1.25M |
| 5 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Investment Advisors
Atlanta,
Georgia
|
-$1.97M |
| 2 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$1.59M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$341K |
| 4 |
Guggenheim Capital
Chicago,
Illinois
|
-$334K |
| 5 |
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$160K |
ACP Hedge Fund Activity: Q2 2021 in Review
30 of the 5,769 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q2 2021, worth a combined $34.7M — up 62% from $21.5M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new ACP positions and 2 closed out — a net gain of 7 holders — while 10 added to existing stakes and 11 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $9.5M. The largest seller was Capital Investment Advisors, cutting an estimated $1.97M.
- 30 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q2 2021, up from 23 in Q1 2021.
- Funds reported $34.7M of abrdn Income Credit Strategies Fund stock for Q2 2021, up 62% quarter-over-quarter.
- 9 funds opened new abrdn Income Credit Strategies Fund positions in Q2 2021 and 2 closed out, a net change of +7 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q2 2021 was Sit Investment Associates, an estimated $9.5M added.
- The largest abrdn Income Credit Strategies Fund seller in Q2 2021 was Capital Investment Advisors, an estimated $1.97M sold.
Based on aggregated 13F filings for Q2 2021.