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ARDC

Are Dynamic Credit Allocation Fund
ARDC

38 hedge funds and large institutions have $83.1M invested in Are Dynamic Credit Allocation Fund in 2015 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 19 increasing their positions, 5 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 3

280% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 5

31% more funds holding

Funds holding: 29 → 38 (+9)

9% more capital invested

Capital invested by funds: $76.2M → $83.1M (+$6.88M)

3.63% less ownership

Funds ownership: 28.97% → 25.34% (-3.6%)

Holders
38
Holders Change
+9
Holders Change %
+31.03%
% of All Funds
1.06%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
19
Reduced
5
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BI
BlueSpruce Investments
Illinois
+$3.27M
2
RCM
Rivernorth Capital Management
Florida
+$2.49M
3
RJA
Raymond James & Associates
Florida
+$1.83M
4
MIG
Mariner Investment Group
New York
+$1.67M
5
YMRC
Yorktown Management & Research Company
Virginia
+$1.06M

Top Sellers

Rank Fund Capital Flow
1
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$1.2M
2
SFS
Shaker Financial Services
Virginia
-$988K
3
TAM
Third Avenue Management
New York
-$796K
4
Morgan Stanley
Morgan Stanley
New York
-$360K
5
ADBIC
A.D. Beadell Investment Counsel
Wisconsin
-$320K
Name Holding Trade Value Shares
Change 		Change in
Stake
CCP
26
Clough Capital Partners
Massachusetts
$432K +$459K +30,943 New
LCM
27
Landscape Capital Management
New Jersey
$363K +$385K +25,980 New
BTS
28
BB&T Securities
Virginia
$268K +$285K +19,220 New
RJFSA
29
Raymond James Financial Services Advisors
Florida
$248K +$37.9K +2,555 +17%
TC
30
TFS Capital
Pennsylvania
$245K +$260K +17,548 New
CRC
31
Curi RMB Capital
Illinois
$183K +$195K +13,135 New
MMA
32
Miracle Mile Advisors
California
$158K +$167K +11,280 New
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$155K -$18.4K -1,241 -10%
AC
34
Alleghany Corporation
New York
$124K – – –
LTFS
35
Ladenburg Thalmann Financial Services
Florida
$42K +$44.2K +2,982 +6,777%
AIG
36
American International Group
New York
$39K +$41.4K +2,790 New
TJHA
37
Thomas J. Herzfeld Advisors
Florida
$22K +$23.7K +1,596 New
TRCT
38
Tower Research Capital (TRC)
New York
$10K +$11.1K +747 New
1832 Asset Management
39
1832 Asset Management
Ontario, Canada
– -$1.2M -78,410 Closed
ADBIC
40
A.D. Beadell Investment Counsel
Wisconsin
– -$320K -20,900 Closed
PAM
41
Panagora Asset Management
Massachusetts
– -$18K -1,161 Closed
1
2

ARDC Hedge Fund Activity: Q3 2015 in Review

38 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Are Dynamic Credit Allocation Fund (ARDC) for Q3 2015, worth a combined $83.1M — up 9% from $76.2M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new ARDC positions and 3 closed out — a net gain of 9 holders — while 19 added to existing stakes and 5 trimmed.

The largest buyer was BlueSpruce Investments, adding an estimated $3.27M. The largest seller was 1832 Asset Management, exiting entirely with an estimated $1.2M sold.

  • 38 institutional investors held Are Dynamic Credit Allocation Fund (ARDC) as of Q3 2015, up from 29 in Q2 2015.
  • Funds reported $83.1M of Are Dynamic Credit Allocation Fund stock for Q3 2015, up 9% quarter-over-quarter.
  • 12 funds opened new Are Dynamic Credit Allocation Fund positions in Q3 2015 and 3 closed out, a net change of +9 holders.
  • The largest Are Dynamic Credit Allocation Fund buyer in Q3 2015 was BlueSpruce Investments, an estimated $3.27M added.
  • The largest Are Dynamic Credit Allocation Fund seller in Q3 2015 was 1832 Asset Management, an estimated $1.2M sold.

Based on aggregated 13F filings for Q3 2015.