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ARDC

Are Dynamic Credit Allocation Fund
ARDC

36 hedge funds and large institutions have $71.4M invested in Are Dynamic Credit Allocation Fund in 2014 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 7 increasing their positions, 10 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

220% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 5

29% more funds holding

Funds holding: 28 → 36 (+8)

7% more capital invested

Capital invested by funds: $66.8M → $71.4M (+$4.6M)

3.47% more ownership

Funds ownership: 22.84% → 26.31% (+3.5%)

30% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 10

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
36
Holders Change
+8
Holders Change %
+28.57%
% of All Funds
0.96%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
16
Increased
7
Reduced
10
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$4.93M
2
BI
BlueSpruce Investments
Illinois
+$3.69M
3
LCM
Laurion Capital Management
New York
+$2.37M
4
SG Americas Securities
SG Americas Securities
New York
+$603K
5
FFA
First Foundation Advisors
California
+$587K

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$2.29M
2
MIG
Mariner Investment Group
New York
-$1.51M
3
NIMC
NWQ Investment Management Company
California
-$1.41M
4
SFS
Shaker Financial Services
Virginia
-$1.08M
5
TAM
Third Avenue Management
New York
-$746K
Name Holding Trade Value Shares
Change 		Change in
Stake
CAS
26
CTC Alternative Strategies
Illinois
$234K +$245K +14,800 New
Citigroup
27
Citigroup
New York
$199K +$195K +11,787 +1,494%
Royal Bank of Canada
28
Royal Bank of Canada
Ontario, Canada
$169K -$21.9K -1,325 -11%
AC
29
Alleghany Corporation
New York
$161K – – –
TC
30
TradeLink Capital
Illinois
$98K +$103K +6,200 New
PAM
31
Panagora Asset Management
Massachusetts
$38K +$39.9K +2,410 New
PNC Financial Services Group
32
PNC Financial Services Group
Pennsylvania
$16K +$16.5K +1,000 New
TRCT
33
Tower Research Capital (TRC)
New York
$3K +$2.99K +181 New
BRWA
34
B. Riley Wealth Advisors
Florida
$28 +$29.8K +1,800 New
Invesco
35
Invesco
Georgia
– -$2.29M -134,659 Closed
KSCM
36
Kamunting Street Capital Management
Florida
– -$613K -35,960 Closed
Barclays
37
Barclays
United Kingdom
– -$472K -27,868 Closed
Ameriprise
38
Ameriprise
Minnesota
– -$38K -2,205 Closed
Northwestern Mutual Wealth Management
39
Northwestern Mutual Wealth Management
Wisconsin
– -$1K -56 Closed
LTFS
40
Ladenburg Thalmann Financial Services
Florida
– +$116 +7 New
1
2

ARDC Hedge Fund Activity: Q4 2014 in Review

36 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Are Dynamic Credit Allocation Fund (ARDC) for Q4 2014, worth a combined $71.4M — up 6.9% from $66.8M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new ARDC positions and 5 closed out — a net gain of 11 holders — while 7 added to existing stakes and 10 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $4.93M. The largest seller was Invesco, exiting entirely with an estimated $2.29M sold.

  • 36 institutional investors held Are Dynamic Credit Allocation Fund (ARDC) as of Q4 2014, up from 28 in Q3 2014.
  • Funds reported $71.4M of Are Dynamic Credit Allocation Fund stock for Q4 2014, up 6.9% quarter-over-quarter.
  • 16 funds opened new Are Dynamic Credit Allocation Fund positions in Q4 2014 and 5 closed out, a net change of +11 holders.
  • The largest Are Dynamic Credit Allocation Fund buyer in Q4 2014 was Rivernorth Capital Management, an estimated $4.93M added.
  • The largest Are Dynamic Credit Allocation Fund seller in Q4 2014 was Invesco, an estimated $2.29M sold.

Based on aggregated 13F filings for Q4 2014.