abrdn Income Credit Strategies Fund
ACP
45 hedge funds and large institutions have $58.7M invested in abrdn Income Credit Strategies Fund in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 21 reducing their positions, and 6 closing their positions.
2% less funds holding
Funds holding: 46 → 45 (-1)
5.44% less ownership
Funds ownership: 22.02% → 16.58% (-5.4%)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
25% less capital invested
Capital invested by funds: $78.4M → $58.7M (-$19.7M)
33% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
+$944K |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$337K |
| 3 |
QL
Quarry LP
New York
|
+$252K |
| 4 |
AWS
Atria Wealth Solutions
New York
|
+$200K |
| 5 |
IP
Ignite Planners
San Clemente,
California
|
+$115K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$10.5M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.52M |
| 3 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$2.11M |
| 4 |
NFG
Nations Financial Group
Cedar Rapids,
Iowa
|
-$1.39M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$802K |
ACP Hedge Fund Activity: Q3 2023 in Review
45 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q3 2023, worth a combined $58.7M — down 25% from $78.4M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of ACP and 5 opened new positions — a net loss of 1 holder — while 21 trimmed existing stakes and 14 added.
The largest buyer was Osaic Holdings, adding an estimated $944K. The largest seller was Karpus Investment Management, exiting entirely with an estimated $10.5M sold.
- 45 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q3 2023, down from 46 in Q2 2023.
- Funds reported $58.7M of abrdn Income Credit Strategies Fund stock for Q3 2023, down 25% quarter-over-quarter.
- 5 funds opened new abrdn Income Credit Strategies Fund positions in Q3 2023 and 6 closed out, a net change of -1 holder.
- The largest abrdn Income Credit Strategies Fund buyer in Q3 2023 was Osaic Holdings, an estimated $944K added.
- The largest abrdn Income Credit Strategies Fund seller in Q3 2023 was Karpus Investment Management, an estimated $10.5M sold.
Based on aggregated 13F filings for Q3 2023.