abrdn Income Credit Strategies Fund
ACP
24 hedge funds and large institutions have $13.8M invested in abrdn Income Credit Strategies Fund in 2022 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 3 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
0.81% less ownership
Funds ownership: 9.5% → 8.68% (-0.81%)
8% less funds holding
Funds holding: 26 → 24 (-2)
17% less capital invested
Capital invested by funds: $16.6M → $13.8M (-$2.83M)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$191K |
| 2 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$170K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$67.6K |
| 4 |
CA
CoreCap Advisors
Southfield,
Michigan
|
+$55.9K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$21K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$444K |
| 2 |
Invesco
Atlanta,
Georgia
|
-$284K |
| 3 |
Morgan Stanley
New York
|
-$178K |
| 4 |
LFASL
Lugano Financial Advisors SA (LFA)
Lugano,
Switzerland
|
-$48K |
| 5 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
-$30.1K |
ACP Hedge Fund Activity: Q3 2022 in Review
24 of the 5,806 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q3 2022, worth a combined $13.8M — down 17% from $16.6M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of ACP and 2 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 9 added.
The largest buyer was Virtu Financial, opening a new position worth an estimated $191K. The largest seller was Guggenheim Capital, cutting an estimated $444K.
- 24 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q3 2022, down from 26 in Q2 2022.
- Funds reported $13.8M of abrdn Income Credit Strategies Fund stock for Q3 2022, down 17% quarter-over-quarter.
- 2 funds opened new abrdn Income Credit Strategies Fund positions in Q3 2022 and 3 closed out, a net change of -1 holder.
- The largest abrdn Income Credit Strategies Fund buyer in Q3 2022 was Virtu Financial, an estimated $191K added.
- The largest abrdn Income Credit Strategies Fund seller in Q3 2022 was Guggenheim Capital, an estimated $444K sold.
Based on aggregated 13F filings for Q3 2022.