ETRACS Alerian MLP Index ETN
AMU
AMU was delisted on the 23rd of November, 2020.
42 hedge funds and large institutions have $254M invested in ETRACS Alerian MLP Index ETN in 2018 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 10 increasing their positions, 15 reducing their positions, and 7 closing their positions.
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
2% more funds holding
Funds holding: 41 → 42 (+1)
11.22% less ownership
Funds ownership: 87.1% → 75.88% (-11%)
21% less capital invested
Capital invested by funds: $324M → $254M (-$69.5M)
33% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 15
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$10.2M |
| 2 |
AL
Aspiriant LLC
Los Angeles,
California
|
+$8.89M |
| 3 |
Goldman Sachs
New York
|
+$4.09M |
| 4 |
Jane Street
New York
|
+$1.43M |
| 5 |
Wolverine Trading
Chicago,
Illinois
|
+$1.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UIC
Uniplan Investment Counsel
Milwaukee,
Wisconsin
|
-$19.4M |
| 2 |
RTS
Round Table Services
Westfield,
New Jersey
|
-$9.77M |
| 3 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$8.15M |
| 4 |
CAM
Congress Asset Management
Boston,
Massachusetts
|
-$8.01M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$7.55M |
AMU Hedge Fund Activity: Q1 2018 in Review
42 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in ETRACS Alerian MLP Index ETN (AMU) for Q1 2018, worth a combined $254M — down 21% from $324M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new AMU positions and 7 closed out — a net gain of 1 holder — while 10 added to existing stakes and 15 trimmed.
The largest buyer was Virtu Financial, opening a new position worth an estimated $10.2M. The largest seller was Uniplan Investment Counsel, cutting an estimated $19.4M.
- 42 institutional investors held ETRACS Alerian MLP Index ETN (AMU) as of Q1 2018, up from 41 in Q4 2017.
- Funds reported $254M of ETRACS Alerian MLP Index ETN stock for Q1 2018, down 21% quarter-over-quarter.
- 8 funds opened new ETRACS Alerian MLP Index ETN positions in Q1 2018 and 7 closed out, a net change of +1 holder.
- The largest ETRACS Alerian MLP Index ETN buyer in Q1 2018 was Virtu Financial, an estimated $10.2M added.
- The largest ETRACS Alerian MLP Index ETN seller in Q1 2018 was Uniplan Investment Counsel, an estimated $19.4M sold.
Based on aggregated 13F filings for Q1 2018.