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ARDC

Are Dynamic Credit Allocation Fund
ARDC

55 hedge funds and large institutions have $119M invested in Are Dynamic Credit Allocation Fund in 2019 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 21 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more capital invested

Capital invested by funds: $107M → $119M (+$12.1M)

0.05% more ownership

Funds ownership: 33.66% → 33.71% (+0.05%)

2% less funds holding

Funds holding: 56 → 55 (-1)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

38% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 21

Holders
55
Holders Change
-1
Holders Change %
-1.79%
% of All Funds
1.08%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
13
Reduced
21
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MC
Matisse Capital
Oregon
+$1.33M
2
SIA
Sit Investment Associates
Minnesota
+$1.09M
3
RCM
Rivernorth Capital Management
Florida
+$656K
4
6M
6 Meridian
Kansas
+$556K
5
SFS
Shaker Financial Services
Virginia
+$472K

Top Sellers

Rank Fund Capital Flow
1
TJHA
Thomas J. Herzfeld Advisors
Florida
-$1.63M
2
Bank of America
Bank of America
North Carolina
-$1.34M
3
AAM
Advisors Asset Management
Colorado
-$603K
4
GC
Guggenheim Capital
Illinois
-$316K
5
Wells Fargo
Wells Fargo
California
-$303K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJFSA
26
Raymond James Financial Services Advisors
Florida
$584K -$8.99K -608 -2%
6M
27
6 Meridian
Kansas
$577K +$556K +37,574 New
RJA
28
Raymond James & Associates
Florida
$566K -$63.1K -4,268 -10%
MMA
29
Miracle Mile Advisors
California
$384K – – –
Barclays
30
Barclays
United Kingdom
$375K – – –
FIA
31
FNY Investment Advisers
New York
$373K +$305K +20,617 +556%
EGA
32
E&G Advisors
Texas
$367K +$135K +9,100 +61%
Truist Financial
33
Truist Financial
North Carolina
$366K +$353K +23,855 New
LC
34
Lindbrook Capital
California
$341K +$18.2K +1,229 +6%
SPIA
35
Steward Partners Investment Advisory
New York
$309K -$4.99K -337 -2%
Cambridge Investment Research Advisors
36
Cambridge Investment Research Advisors
Iowa
$299K +$288K +19,486 New
OC
37
Oppenheimer & Co
New York
$259K +$38.5K +2,600 +18%
CP
38
Camelot Portfolios
Ohio
$247K – – –
WCMNY
39
Westchester Capital Management (New York)
New York
$239K – – –
CWM
40
Cornerstone Wealth Management
Missouri
$228K -$4.36K -295 -2%
AA
41
AQR Arbitrage
Connecticut
$166K -$295K -19,934 -65%
WI
42
Wintrust Investments
Illinois
$154K -$7.53K -509 -5%
Citigroup
43
Citigroup
New York
$107K +$93.7K +6,332 +974%
JP Morgan Chase
44
JP Morgan Chase
New York
$49K – – –
RIA
45
Realta Investment Advisors
Delaware
$19K – – –
WB
46
Webster Bank
Connecticut
$18K – – –
BFEC
47
Benjamin F. Edwards & Company
Missouri
$10K – – –
PFGIA
48
Patriot Financial Group Insurance Agency
Massachusetts
$10K – – –
GI
49
Gradient Investments
Minnesota
$5K – – –
TFS
50
TrustCore Financial Services
Tennessee
$5K – – –
1
2
3

ARDC Hedge Fund Activity: Q4 2019 in Review

55 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Are Dynamic Credit Allocation Fund (ARDC) for Q4 2019, worth a combined $119M — up 11% from $107M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of ARDC and 6 opened new positions — a net loss of 1 holder — while 21 trimmed existing stakes and 13 added.

The largest buyer was Matisse Capital, adding an estimated $1.33M. The largest seller was Thomas J. Herzfeld Advisors, exiting entirely with an estimated $1.63M sold.

  • 55 institutional investors held Are Dynamic Credit Allocation Fund (ARDC) as of Q4 2019, down from 56 in Q3 2019.
  • Funds reported $119M of Are Dynamic Credit Allocation Fund stock for Q4 2019, up 11% quarter-over-quarter.
  • 6 funds opened new Are Dynamic Credit Allocation Fund positions in Q4 2019 and 7 closed out, a net change of -1 holder.
  • The largest Are Dynamic Credit Allocation Fund buyer in Q4 2019 was Matisse Capital, an estimated $1.33M added.
  • The largest Are Dynamic Credit Allocation Fund seller in Q4 2019 was Thomas J. Herzfeld Advisors, an estimated $1.63M sold.

Based on aggregated 13F filings for Q4 2019.