Are Dynamic Credit Allocation Fund
ARDC
43 hedge funds and large institutions have $128M invested in Are Dynamic Credit Allocation Fund in 2018 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 16 reducing their positions, and 8 closing their positions.
2% more capital invested
Capital invested by funds: $126M → $128M (+$2.37M)
1% more ownership
Funds ownership: 33.32% → 34.31% (+1%)
7% less funds holding
Funds holding: 46 → 43 (-3)
25% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 16
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$4.94M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.32M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$1.23M |
| 4 |
LCM
Laurion Capital Management
New York
|
+$866K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$845K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$1.55M |
| 2 |
AFNAS
American Financial Network Advisory Services
Calabasas,
California
|
-$1.14M |
| 3 |
RVPG
Relative Value Partners Group
|
-$1.04M |
| 4 |
Cohen & Steers
New York
|
-$910K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$764K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
SEI Investments
Oaks,
Pennsylvania
| – | -$3K | -192 | Closed |
|
ARDC Hedge Fund Activity: Q1 2018 in Review
43 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Are Dynamic Credit Allocation Fund (ARDC) for Q1 2018, worth a combined $128M — up 1.9% from $126M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of ARDC and 5 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 12 added.
The largest buyer was Guggenheim Capital, opening a new position worth an estimated $4.94M. The largest seller was Wells Fargo, cutting an estimated $1.55M.
- 43 institutional investors held Are Dynamic Credit Allocation Fund (ARDC) as of Q1 2018, down from 46 in Q4 2017.
- Funds reported $128M of Are Dynamic Credit Allocation Fund stock for Q1 2018, up 1.9% quarter-over-quarter.
- 5 funds opened new Are Dynamic Credit Allocation Fund positions in Q1 2018 and 8 closed out, a net change of -3 holders.
- The largest Are Dynamic Credit Allocation Fund buyer in Q1 2018 was Guggenheim Capital, an estimated $4.94M added.
- The largest Are Dynamic Credit Allocation Fund seller in Q1 2018 was Wells Fargo, an estimated $1.55M sold.
Based on aggregated 13F filings for Q1 2018.