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ARDC

Are Dynamic Credit Allocation Fund
ARDC

37 hedge funds and large institutions have $114M invested in Are Dynamic Credit Allocation Fund in 2017 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 10 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 10

22% more capital invested

Capital invested by funds: $93M → $114M (+$20.7M)

5.07% more ownership

Funds ownership: 25.21% → 30.28% (+5.1%)

5% less funds holding

Funds holding: 39 → 37 (-2)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
37
Holders Change
-2
Holders Change %
-5.13%
% of All Funds
0.92%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
16
Reduced
10
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$14M
2
AAM
Advisors Asset Management
Colorado
+$3.24M
3
Wells Fargo
Wells Fargo
California
+$2.58M
4
Invesco
Invesco
Georgia
+$2.06M
5
LTFS
Ladenburg Thalmann Financial Services
Florida
+$642K

Top Sellers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
-$1.21M
2
RCM
Rivernorth Capital Management
Florida
-$1.1M
3
Cohen & Steers
Cohen & Steers
New York
-$697K
4
Bessemer Group
Bessemer Group
New Jersey
-$530K
5
CRC
Curi RMB Capital
Illinois
-$453K
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
26
Citigroup
New York
$211K +$533 +33 +0.3%
MMA
27
Miracle Mile Advisors
California
$184K – – –
AC
28
Alleghany Corporation
New York
$165K +$1.02K +63 +0.6%
CIA
29
Capital Investment Advisors
Georgia
$164K – – –
TJHA
30
Thomas J. Herzfeld Advisors
Florida
$159K +$50.1K +3,100 +47%
RCG
31
Ruggie Capital Group
Florida
$151K +$150K +9,250 New
Creative Planning
32
Creative Planning
Kansas
$15K +$14.6K +900 New
PCM
33
Penserra Capital Management
California
$10K +$905 +56 +10%
US Bancorp
34
US Bancorp
Minnesota
$10K +$10.1K +625 New
IA
35
IFP Advisors
Florida
$7K – – –
PFGIA
36
Patriot Financial Group Insurance Agency
Massachusetts
$6K – – –
MA
37
MUFG Americas
New York
$3K +$16 +1 +0.5%
BWA
38
BDO Wealth Advisors
Florida
$2K – – –
CRC
39
Curi RMB Capital
Illinois
– -$453K -28,283 Closed
MIG
40
Mariner Investment Group
New York
– -$231K -14,400 Closed
SFS
41
Shaker Financial Services
Virginia
– -$161K -10,027 Closed
PFO
42
Pathstone Family Office
New Jersey
– -$63K -3,903 Closed
HCA
43
Harbour Capital Advisors
Virginia
– -$9.61K -600 Closed
SEI Investments
44
SEI Investments
Pennsylvania
– -$1K -61 Closed
1
2

ARDC Hedge Fund Activity: Q2 2017 in Review

37 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Are Dynamic Credit Allocation Fund (ARDC) for Q2 2017, worth a combined $114M — up 22% from $93M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of ARDC and 4 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 16 added.

The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $14M. The largest seller was Raymond James & Associates, cutting an estimated $1.21M.

  • 37 institutional investors held Are Dynamic Credit Allocation Fund (ARDC) as of Q2 2017, down from 39 in Q1 2017.
  • Funds reported $114M of Are Dynamic Credit Allocation Fund stock for Q2 2017, up 22% quarter-over-quarter.
  • 4 funds opened new Are Dynamic Credit Allocation Fund positions in Q2 2017 and 6 closed out, a net change of -2 holders.
  • The largest Are Dynamic Credit Allocation Fund buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $14M added.
  • The largest Are Dynamic Credit Allocation Fund seller in Q2 2017 was Raymond James & Associates, an estimated $1.21M sold.

Based on aggregated 13F filings for Q2 2017.