abrdn Income Credit Strategies Fund
ACP
26 hedge funds and large institutions have $11M invested in abrdn Income Credit Strategies Fund in 2022 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 10 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
8% more funds holding
Funds holding: 24 → 26 (+2)
2.08% less ownership
Funds ownership: 8.68% → 6.6% (-2.1%)
20% less capital invested
Capital invested by funds: $13.8M → $11M (-$2.82M)
30% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Moors & Cabot
Boston,
Massachusetts
|
+$270K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$101K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$68.5K |
| 4 |
LFASL
Lugano Financial Advisors SA (LFA)
Lugano,
Switzerland
|
+$42.9K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$32.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.71M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$422K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$376K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$222K |
| 5 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$65K |
ACP Hedge Fund Activity: Q4 2022 in Review
26 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q4 2022, worth a combined $11M — down 20% from $13.8M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new ACP positions and 3 closed out — a net gain of 3 holders — while 7 added to existing stakes and 10 trimmed.
The largest buyer was Moors & Cabot, opening a new position worth an estimated $270K. The largest seller was Morgan Stanley, cutting an estimated $2.71M.
- 26 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q4 2022, up from 24 in Q3 2022.
- Funds reported $11M of abrdn Income Credit Strategies Fund stock for Q4 2022, down 20% quarter-over-quarter.
- 6 funds opened new abrdn Income Credit Strategies Fund positions in Q4 2022 and 3 closed out, a net change of +3 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q4 2022 was Moors & Cabot, an estimated $270K added.
- The largest abrdn Income Credit Strategies Fund seller in Q4 2022 was Morgan Stanley, an estimated $2.71M sold.
Based on aggregated 13F filings for Q4 2022.