abrdn Income Credit Strategies Fund
ACP
26 hedge funds and large institutions have $16.8M invested in abrdn Income Credit Strategies Fund in 2022 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
8% more funds holding
Funds holding: 24 → 26 (+2)
0.1% less ownership
Funds ownership: 9.6% → 9.5% (-0.1%)
23% less capital invested
Capital invested by funds: $21.9M → $16.8M (-$5.11M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$338K |
| 2 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
+$218K |
| 3 |
LPL Financial
San Diego,
California
|
+$118K |
| 4 |
CA
CoreCap Advisors
Southfield,
Michigan
|
+$75.8K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$64.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$316K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$278K |
| 3 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$247K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$131K |
| 5 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
-$98K |
ACP Hedge Fund Activity: Q2 2022 in Review
26 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q2 2022, worth a combined $16.8M — down 23% from $21.9M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new ACP positions and 3 closed out — a net gain of 2 holders — while 9 added to existing stakes and 8 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $338K. The largest seller was Invesco, cutting an estimated $316K.
- 26 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q2 2022, up from 24 in Q1 2022.
- Funds reported $16.8M of abrdn Income Credit Strategies Fund stock for Q2 2022, down 23% quarter-over-quarter.
- 5 funds opened new abrdn Income Credit Strategies Fund positions in Q2 2022 and 3 closed out, a net change of +2 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q2 2022 was Morgan Stanley, an estimated $338K added.
- The largest abrdn Income Credit Strategies Fund seller in Q2 2022 was Invesco, an estimated $316K sold.
Based on aggregated 13F filings for Q2 2022.