We are live on ! Find out more
ARDC

Are Dynamic Credit Allocation Fund
ARDC

39 hedge funds and large institutions have $93M invested in Are Dynamic Credit Allocation Fund in 2017 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 8 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 8

1% less capital invested

Capital invested by funds: $93.7M → $93M (-$736K)

1.87% less ownership

Funds ownership: 27.08% → 25.21% (-1.9%)

7% less funds holding

Funds holding: 42 → 39 (-3)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
39
Holders Change
-3
Holders Change %
-7.14%
% of All Funds
0.97%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
6
Increased
20
Reduced
8
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
+$5.03M
2
Wells Fargo
Wells Fargo
California
+$4.26M
3
AAM
Advisors Asset Management
Colorado
+$3.83M
4
Invesco
Invesco
Georgia
+$2.54M
5
COLIM
City of London Investment Management
United Kingdom
+$1.91M

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$9.74M
2
UBS Group
UBS Group
Switzerland
-$4.46M
3
SFS
Shaker Financial Services
Virginia
-$4.34M
4
MIG
Mariner Investment Group
New York
-$3.73M
5
SIA
Sit Investment Associates
Minnesota
-$1.89M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
26
Citigroup
New York
$206K -$380K -24,244 -65%
MMA
27
Miracle Mile Advisors
California
$181K – – –
SFS
28
Shaker Financial Services
Virginia
$161K -$4.34M -276,556 -97%
AC
29
Alleghany Corporation
New York
$161K +$989 +63 +0.6%
CIA
30
Capital Investment Advisors
Georgia
$160K – – –
LTFS
31
Ladenburg Thalmann Financial Services
Florida
$115K +$101K +6,413 +809%
TJHA
32
Thomas J. Herzfeld Advisors
Florida
$106K – – –
PFO
33
Pathstone Family Office
New Jersey
$63K +$61.3K +3,903 New
HCA
34
Harbour Capital Advisors
Virginia
$9.61K +$9.42K +600 New
PCM
35
Penserra Capital Management
California
$8K +$2.98K +190 +51%
IA
36
IFP Advisors
Florida
$7K +$7.19K +458 New
PFGIA
37
Patriot Financial Group Insurance Agency
Massachusetts
$6K +$2.35K +150 +62%
MA
38
MUFG Americas
New York
$3K +$3.04K +194 New
LWM
39
LBA Wealth Management
Florida
$2K – – –
SEI Investments
40
SEI Investments
Pennsylvania
$1K – – –
LCM
41
Laurion Capital Management
New York
– -$9.74M -645,666 Closed
SIA
42
Sit Investment Associates
Minnesota
– -$1.89M -125,348 Closed
AA
43
AQR Arbitrage
Connecticut
– -$610K -40,474 Closed
DA
44
Doliver Advisors
Texas
– -$322K -21,378 Closed
VKH
45
Virtu KCG Holdings
New York
– -$315K -20,870 Closed
BFM
46
Boothbay Fund Management
New York
– -$302 -20,000 Closed
Millennium Management
47
Millennium Management
New York
– -$155K -10,308 Closed
1
2

ARDC Hedge Fund Activity: Q1 2017 in Review

39 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Are Dynamic Credit Allocation Fund (ARDC) for Q1 2017, worth a combined $93M — down 0.79% from $93.7M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of ARDC and 6 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 20 added.

The largest buyer was Kovitz Investment Group Partners, opening a new position worth an estimated $5.03M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $9.74M sold.

  • 39 institutional investors held Are Dynamic Credit Allocation Fund (ARDC) as of Q1 2017, down from 42 in Q4 2016.
  • Funds reported $93M of Are Dynamic Credit Allocation Fund stock for Q1 2017, down 0.79% quarter-over-quarter.
  • 6 funds opened new Are Dynamic Credit Allocation Fund positions in Q1 2017 and 7 closed out, a net change of -1 holder.
  • The largest Are Dynamic Credit Allocation Fund buyer in Q1 2017 was Kovitz Investment Group Partners, an estimated $5.03M added.
  • The largest Are Dynamic Credit Allocation Fund seller in Q1 2017 was Laurion Capital Management, an estimated $9.74M sold.

Based on aggregated 13F filings for Q1 2017.