Alliance Californa Muni Fd
AKP
AKP was delisted on the 2nd of May, 2019.
26 hedge funds and large institutions have $44M invested in Alliance Californa Muni Fd in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 12 reducing their positions, and 5 closing their positions.
9% more capital invested
Capital invested by funds: $40.5M → $44M (+$3.56M)
4% less funds holding
Funds holding: 27 → 26 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
50% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$3.59M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.86M |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$932K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$172K |
| 5 |
BFM
Boothbay Fund Management
New York
|
+$93.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.48M |
| 2 |
AC
Almitas Capital
Santa Monica,
California
|
-$1.44M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.04M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$350K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$286K |
AKP Hedge Fund Activity: Q1 2019 in Review
26 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Alliance Californa Muni Fd (AKP) for Q1 2019, worth a combined $44M — up 8.8% from $40.5M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of AKP and 4 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 6 added.
The largest buyer was Icon Advisers, opening a new position worth an estimated $3.59M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.48M.
- 26 institutional investors held Alliance Californa Muni Fd (AKP) as of Q1 2019, down from 27 in Q4 2018.
- Funds reported $44M of Alliance Californa Muni Fd stock for Q1 2019, up 8.8% quarter-over-quarter.
- 4 funds opened new Alliance Californa Muni Fd positions in Q1 2019 and 5 closed out, a net change of -1 holder.
- The largest Alliance Californa Muni Fd buyer in Q1 2019 was Icon Advisers, an estimated $3.59M added.
- The largest Alliance Californa Muni Fd seller in Q1 2019 was Rivernorth Capital Management, an estimated $3.48M sold.
Based on aggregated 13F filings for Q1 2019.