abrdn Income Credit Strategies Fund
ACP
119 hedge funds and large institutions have $196M invested in abrdn Income Credit Strategies Fund in 2024 Q3 according to their latest regulatory filings, with 80 funds opening new positions, 32 increasing their positions, 2 reducing their positions, and 5 closing their positions.
1,500% more first-time investments, than exits
New positions opened: 80 | Existing positions closed: 5
1,500% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 2
669% more capital invested
Capital invested by funds: $25.6M → $196M (+$171M)
170% more funds holding
Funds holding: 44 → 119 (+75)
16.41% more ownership
Funds ownership: 7.23% → 23.64% (+16%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$64.5M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$26.9M |
| 3 |
KIG
Kennedy Investment Group
West Depford,
New Jersey
|
+$5.65M |
| 4 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$5.21M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWS
Atria Wealth Solutions
New York
|
-$181K |
| 2 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$156K |
| 3 |
HF
HRT Financial
New York
|
-$97K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$6.04K |
| 5 |
MWM
Melfa Wealth Management
Westborough,
Massachusetts
|
-$4.91K |
ACP Hedge Fund Activity: Q3 2024 in Review
119 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in abrdn Income Credit Strategies Fund (ACP) for Q3 2024, worth a combined $196M — up 669% from $25.6M a quarter earlier.
Buyers outnumbered sellers: 80 funds opened new ACP positions and 5 closed out — a net gain of 75 holders — while 32 added to existing stakes and 2 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $64.5M. The largest seller was Atria Wealth Solutions, exiting entirely with an estimated $181K sold.
- 119 institutional investors held abrdn Income Credit Strategies Fund (ACP) as of Q3 2024, up from 44 in Q2 2024.
- Funds reported $196M of abrdn Income Credit Strategies Fund stock for Q3 2024, up 669% quarter-over-quarter.
- 80 funds opened new abrdn Income Credit Strategies Fund positions in Q3 2024 and 5 closed out, a net change of +75 holders.
- The largest abrdn Income Credit Strategies Fund buyer in Q3 2024 was Morgan Stanley, an estimated $64.5M added.
- The largest abrdn Income Credit Strategies Fund seller in Q3 2024 was Atria Wealth Solutions, an estimated $181K sold.
Based on aggregated 13F filings for Q3 2024.