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ARDC

Are Dynamic Credit Allocation Fund
ARDC

43 hedge funds and large institutions have $90.9M invested in Are Dynamic Credit Allocation Fund in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 11 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

82% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 11

1.24% more ownership

Funds ownership: 27.69% → 28.93% (+1.2%)

5% more capital invested

Capital invested by funds: $86.9M → $90.9M (+$4.01M)

9% less funds holding

Funds holding: 47 → 43 (-4)

43% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 7

Holders
43
Holders Change
-4
Holders Change %
-8.51%
% of All Funds
1.15%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
20
Reduced
11
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$2.85M
2
LCM
Laurion Capital Management
New York
+$2.01M
3
Bessemer Group
Bessemer Group
New Jersey
+$1.02M
4
UBS Group
UBS Group
Switzerland
+$693K
5
Cohen & Steers
Cohen & Steers
New York
+$436K

Top Sellers

Rank Fund Capital Flow
1
BI
BlueSpruce Investments
Illinois
-$3.11M
2
SFS
Shaker Financial Services
Virginia
-$918K
3
WAM
Wolverine Asset Management
Illinois
-$695K
4
CRC
Curi RMB Capital
Illinois
-$598K
5
Squarepoint
Squarepoint
New York
-$522K
Name Holding Trade Value Shares
Change 		Change in
Stake
MC
26
Matisse Capital
Oregon
$311K – – –
Wells Fargo
27
Wells Fargo
California
$283K -$42.6K -3,352 -14%
DS
28
DRW Securities
Illinois
$268K -$283K -22,250 -53%
WAM
29
Wolverine Asset Management
Illinois
$257K -$695K -54,654 -74%
BTS
30
BB&T Securities
Virginia
$235K -$22.2K -1,743 -9%
RJFSA
31
Raymond James Financial Services Advisors
Florida
$217K – – –
BRF
32
B. Riley Financial
California
$214K – – –
MMA
33
Miracle Mile Advisors
California
$151K – – –
IHL
34
Investment House LLC
California
$141K +$134K +10,555 New
US Bancorp
35
US Bancorp
Minnesota
$137K +$131K +10,270 New
CIA
36
Capital Investment Advisors
Georgia
$134K – – –
AC
37
Alleghany Corporation
New York
$125K +$3.05K +240 +3%
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$73K -$44.2K -3,473 -39%
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$49K +$6.82K +536 +17%
AIG
40
American International Group
New York
$37K – – –
TJHA
41
Thomas J. Herzfeld Advisors
Florida
$21K – – –
TRCT
42
Tower Research Capital (TRC)
New York
$4K +$3.41K +268 New
PCM
43
Penserra Capital Management
California
$3 +$662 +52 +26%
CRC
44
Curi RMB Capital
Illinois
– -$598K -44,733 Closed
Squarepoint
45
Squarepoint
New York
– -$522K -39,080 Closed
LCM
46
Landscape Capital Management
New Jersey
– -$386K -28,866 Closed
WAM
47
Weiss Asset Management
Massachusetts
– -$294K -21,988 Closed
GWM
48
Gupta Wealth Management
California
– -$61K -4,532 Closed
PCM
49
Prelude Capital Management
New York
– -$27K -2,000 Closed
Creative Planning
50
Creative Planning
Kansas
– -$20K -1,516 Closed
1
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ARDC Hedge Fund Activity: Q1 2016 in Review

43 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Are Dynamic Credit Allocation Fund (ARDC) for Q1 2016, worth a combined $90.9M — up 4.6% from $86.9M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of ARDC and 4 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 20 added.

The largest buyer was Parametric Portfolio Associates, adding an estimated $2.85M. The largest seller was BlueSpruce Investments, cutting an estimated $3.11M.

  • 43 institutional investors held Are Dynamic Credit Allocation Fund (ARDC) as of Q1 2016, down from 47 in Q4 2015.
  • Funds reported $90.9M of Are Dynamic Credit Allocation Fund stock for Q1 2016, up 4.6% quarter-over-quarter.
  • 4 funds opened new Are Dynamic Credit Allocation Fund positions in Q1 2016 and 7 closed out, a net change of -3 holders.
  • The largest Are Dynamic Credit Allocation Fund buyer in Q1 2016 was Parametric Portfolio Associates, an estimated $2.85M added.
  • The largest Are Dynamic Credit Allocation Fund seller in Q1 2016 was BlueSpruce Investments, an estimated $3.11M sold.

Based on aggregated 13F filings for Q1 2016.