Are Dynamic Credit Allocation Fund
ARDC
25 hedge funds and large institutions have $36M invested in Are Dynamic Credit Allocation Fund in 2013 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
126% more capital invested
Capital invested by funds: $15.9M → $36M (+$20.1M)
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
25% more funds holding
Funds holding: 20 → 25 (+5)
7.02% more ownership
Funds ownership: 5.5% → 12.52% (+7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Third Avenue Management
New York
|
+$5.81M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$3.9M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$2.23M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$1.62M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Ares Management
Los Angeles,
California
|
-$591K |
| 2 |
SCM
Saba Capital Management
New York
|
-$355K |
| 3 |
ADBIC
A.D. Beadell Investment Counsel
Mequon,
Wisconsin
|
-$198K |
| 4 |
Comerica Bank
Dallas,
Texas
|
-$181K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$25K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AM
26
Ares Management
Los Angeles,
California
| – | -$591K | -32,645 | Closed |
|
|
SCM
27
Saba Capital Management
New York
| – | -$355K | -19,585 | Closed |
|
|
28
Comerica Bank
Dallas,
Texas
| – | -$181K | -10,000 | Closed |
|
ARDC Hedge Fund Activity: Q4 2013 in Review
25 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Are Dynamic Credit Allocation Fund (ARDC) for Q4 2013, worth a combined $36M — up 126% from $15.9M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new ARDC positions and 3 closed out — a net gain of 5 holders — while 9 added to existing stakes and 7 trimmed.
The largest buyer was Third Avenue Management, opening a new position worth an estimated $5.81M. The largest seller was Ares Management, exiting entirely with an estimated $591K sold.
- 25 institutional investors held Are Dynamic Credit Allocation Fund (ARDC) as of Q4 2013, up from 20 in Q3 2013.
- Funds reported $36M of Are Dynamic Credit Allocation Fund stock for Q4 2013, up 126% quarter-over-quarter.
- 8 funds opened new Are Dynamic Credit Allocation Fund positions in Q4 2013 and 3 closed out, a net change of +5 holders.
- The largest Are Dynamic Credit Allocation Fund buyer in Q4 2013 was Third Avenue Management, an estimated $5.81M added.
- The largest Are Dynamic Credit Allocation Fund seller in Q4 2013 was Ares Management, an estimated $591K sold.
Based on aggregated 13F filings for Q4 2013.