abrdn Income Credit Strategies Fund
ACP
46 hedge funds and large institutions have $78.4M invested in abrdn Income Credit Strategies Fund in 2023 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 23 reducing their positions, and 8 closing their positions.
6% less funds holding
Funds holding: 49 → 46 (-3)
15% less capital invested
Capital invested by funds: $92.3M → $78.4M (-$13.9M)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
34.46% less ownership
Funds ownership: 56.48% → 22.02% (-34%)
65% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$544K |
| 2 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$462K |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$424K |
| 4 |
JP Morgan Chase
New York
|
+$278K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$247K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.31M |
| 2 |
Morgan Stanley
New York
|
-$3.55M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.91M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.64M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.63M |
ACP Hedge Fund Activity: Q2 2023 in Review
46 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q2 2023, worth a combined $78.4M — down 15% from $92.3M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of ACP and 6 opened new positions — a net loss of 2 holders — while 23 trimmed existing stakes and 8 added.
The largest buyer was Baird Financial Group, opening a new position worth an estimated $544K. The largest seller was Sit Investment Associates, cutting an estimated $4.31M.
- 46 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q2 2023, down from 49 in Q1 2023.
- Funds reported $78.4M of abrdn Income Credit Strategies Fund stock for Q2 2023, down 15% quarter-over-quarter.
- 6 funds opened new abrdn Income Credit Strategies Fund positions in Q2 2023 and 8 closed out, a net change of -2 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q2 2023 was Baird Financial Group, an estimated $544K added.
- The largest abrdn Income Credit Strategies Fund seller in Q2 2023 was Sit Investment Associates, an estimated $4.31M sold.
Based on aggregated 13F filings for Q2 2023.