abrdn Income Credit Strategies Fund
ACP
45 hedge funds and large institutions have $32.5M invested in abrdn Income Credit Strategies Fund in 2024 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 18 reducing their positions, and 13 closing their positions.
5% less ownership
Funds ownership: 14.21% → 9.21% (-5%)
13% less funds holding
Funds holding: 52 → 45 (-7)
35% less capital invested
Capital invested by funds: $50.4M → $32.5M (-$17.9M)
39% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 18
54% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$729K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$531K |
| 3 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
+$510K |
| 4 |
VF
Virtu Financial
New York
|
+$143K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$104K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$12M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$2.04M |
| 3 |
QL
Quarry LP
New York
|
-$1.49M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.25M |
| 5 |
JP Morgan Chase
New York
|
-$581K |
ACP Hedge Fund Activity: Q1 2024 in Review
45 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q1 2024, worth a combined $32.5M — down 35% from $50.4M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of ACP and 6 opened new positions — a net loss of 7 holders — while 18 trimmed existing stakes and 11 added.
The largest buyer was Morgan Stanley, adding an estimated $729K. The largest seller was Sit Investment Associates, cutting an estimated $12M.
- 45 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q1 2024, down from 52 in Q4 2023.
- Funds reported $32.5M of abrdn Income Credit Strategies Fund stock for Q1 2024, down 35% quarter-over-quarter.
- 6 funds opened new abrdn Income Credit Strategies Fund positions in Q1 2024 and 13 closed out, a net change of -7 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q1 2024 was Morgan Stanley, an estimated $729K added.
- The largest abrdn Income Credit Strategies Fund seller in Q1 2024 was Sit Investment Associates, an estimated $12M sold.
Based on aggregated 13F filings for Q1 2024.