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ARDC

Are Dynamic Credit Allocation Fund
ARDC

42 hedge funds and large institutions have $120M invested in Are Dynamic Credit Allocation Fund in 2017 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 14 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

250% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 2

14% more funds holding

Funds holding: 37 → 42 (+5)

6% more capital invested

Capital invested by funds: $114M → $120M (+$6.62M)

1.66% more ownership

Funds ownership: 30.28% → 31.94% (+1.7%)

7% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 14

Holders
42
Holders Change
+5
Holders Change %
+13.51%
% of All Funds
1.05%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
13
Reduced
14
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$4.68M
2
CIA
Capital Investment Advisors
Georgia
+$2.01M
3
Invesco
Invesco
Georgia
+$1.77M
4
Wells Fargo
Wells Fargo
California
+$1.59M
5
SIA
Sit Investment Associates
Minnesota
+$816K

Top Sellers

Rank Fund Capital Flow
1
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
-$4.12M
2
RCM
Rivernorth Capital Management
Florida
-$1.36M
3
Bessemer Group
Bessemer Group
New Jersey
-$999K
4
PPA
Parametric Portfolio Associates
Washington
-$564K
5
Cohen & Steers
Cohen & Steers
New York
-$558K
Name Holding Trade Value Shares
Change 		Change in
Stake
AM
26
Ares Management
California
$531K +$5.8K +355 +1%
Barclays
27
Barclays
United Kingdom
$401K +$399K +24,457 New
Bank of Montreal
28
Bank of Montreal
Ontario, Canada
$337K +$336K +20,559 New
SCM
29
Saba Capital Management
New York
$263K +$261K +16,007 New
SFS
30
Shaker Financial Services
Virginia
$233K +$232K +14,200 New
BRF
31
B. Riley Financial
California
$229K – – –
DA
32
Doliver Advisors
Texas
$229K +$228K +13,940 New
WI
33
Wintrust Investments
Illinois
$217K -$25.1K -1,536 -10%
Citigroup
34
Citigroup
New York
$212K +$147 +9 +0.1%
MMA
35
Miracle Mile Advisors
California
$185K – – –
TJHA
36
Thomas J. Herzfeld Advisors
Florida
$175K +$16.3K +1,000 +10%
AC
37
Alleghany Corporation
New York
$165K – – –
RCG
38
Ruggie Capital Group
Florida
$152K – – –
US Bancorp
39
US Bancorp
Minnesota
$10K – – –
IA
40
IFP Advisors
Florida
$8K – – –
PFGIA
41
Patriot Financial Group Insurance Agency
Massachusetts
$6K – – –
PCM
42
Penserra Capital Management
California
$5K -$4.98K -305 -49%
BWA
43
BDO Wealth Advisors
Florida
$1K – – –
Creative Planning
44
Creative Planning
Kansas
– -$15K -900 Closed
MA
45
MUFG Americas
New York
– -$3K -195 Closed
1
2

ARDC Hedge Fund Activity: Q3 2017 in Review

42 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Are Dynamic Credit Allocation Fund (ARDC) for Q3 2017, worth a combined $120M — up 5.8% from $114M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new ARDC positions and 2 closed out — a net gain of 5 holders — while 13 added to existing stakes and 14 trimmed.

The largest buyer was Advisors Asset Management, adding an estimated $4.68M. The largest seller was Kovitz Investment Group Partners, cutting an estimated $4.12M.

  • 42 institutional investors held Are Dynamic Credit Allocation Fund (ARDC) as of Q3 2017, up from 37 in Q2 2017.
  • Funds reported $120M of Are Dynamic Credit Allocation Fund stock for Q3 2017, up 5.8% quarter-over-quarter.
  • 7 funds opened new Are Dynamic Credit Allocation Fund positions in Q3 2017 and 2 closed out, a net change of +5 holders.
  • The largest Are Dynamic Credit Allocation Fund buyer in Q3 2017 was Advisors Asset Management, an estimated $4.68M added.
  • The largest Are Dynamic Credit Allocation Fund seller in Q3 2017 was Kovitz Investment Group Partners, an estimated $4.12M sold.

Based on aggregated 13F filings for Q3 2017.