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ARDC

Are Dynamic Credit Allocation Fund
ARDC

60 hedge funds and large institutions have $120M invested in Are Dynamic Credit Allocation Fund in 2019 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 21 increasing their positions, 19 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 19

3% more capital invested

Capital invested by funds: $116M → $120M (+$3.83M)

1.53% less ownership

Funds ownership: 36.53% → 34.99% (-1.5%)

5% less funds holding

Funds holding: 63 → 60 (-3)

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

Holders
60
Holders Change
-3
Holders Change %
-4.76%
% of All Funds
1.3%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
21
Reduced
19
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
+$1.34M
2
SIA
Sit Investment Associates
Minnesota
+$1.07M
3
UBS Group
UBS Group
Switzerland
+$698K
4
PPA
Parametric Portfolio Associates
Washington
+$645K
5
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$504K

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$2.94M
2
AAM
Advisors Asset Management
Colorado
-$2.67M
3
Carson Wealth (CWM LLC)
Carson Wealth (CWM LLC)
Nebraska
-$1.31M
4
RCM
Rivernorth Capital Management
Florida
-$1.11M
5
CRC
Curi RMB Capital
Illinois
-$1.01M
Name Holding Trade Value Shares
Change 		Change in
Stake
SF
51
Synovus Financial
Georgia
$18K – – –
TRCT
52
Tower Research Capital (TRC)
New York
$16K -$54K -3,676 -77%
PFGIA
53
Patriot Financial Group Insurance Agency
Massachusetts
$10K +$3.67K +250 +62%
BFEC
54
Benjamin F. Edwards & Company
Missouri
$9K – – –
Citigroup
55
Citigroup
New York
$6K -$18.4K -1,252 -77%
GI
56
Gradient Investments
Minnesota
$5K – – –
TFS
57
TrustCore Financial Services
Tennessee
$5K – – –
ASN
58
Advisory Services Network
Georgia
$3K – – –
Carson Wealth (CWM LLC)
59
Carson Wealth (CWM LLC)
Nebraska
$1K -$1.31M -89,511 -100%
GSWM
60
Golden State Wealth Management
California
$1K +$1.48K +101 New
DA
61
Doliver Advisors
Texas
– -$536K -38,818 Closed
JIC
62
Joel Isaacson & Co
New York
– -$458K -31,873 Closed
Envestnet Asset Management
63
Envestnet Asset Management
Illinois
– -$362K -26,268 Closed
LCM
64
Landscape Capital Management
New Jersey
– -$251K -18,198 Closed
AFNAS
65
American Financial Network Advisory Services
California
– -$156K -11,311 Closed
MOS
66
MGO One Seven
Ohio
– -$76K -5,549 Closed
IA
67
IFP Advisors
Florida
– -$7K -484 Closed
WT
68
Whittier Trust
California
– -$2K -150 Closed
1 2
3

ARDC Hedge Fund Activity: Q1 2019 in Review

60 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Are Dynamic Credit Allocation Fund (ARDC) for Q1 2019, worth a combined $120M — up 3.3% from $116M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of ARDC and 5 opened new positions — a net loss of 3 holders — while 19 trimmed existing stakes and 21 added.

The largest buyer was Cohen & Steers, adding an estimated $1.34M. The largest seller was Invesco, cutting an estimated $2.94M.

  • 60 institutional investors held Are Dynamic Credit Allocation Fund (ARDC) as of Q1 2019, down from 63 in Q4 2018.
  • Funds reported $120M of Are Dynamic Credit Allocation Fund stock for Q1 2019, up 3.3% quarter-over-quarter.
  • 5 funds opened new Are Dynamic Credit Allocation Fund positions in Q1 2019 and 8 closed out, a net change of -3 holders.
  • The largest Are Dynamic Credit Allocation Fund buyer in Q1 2019 was Cohen & Steers, an estimated $1.34M added.
  • The largest Are Dynamic Credit Allocation Fund seller in Q1 2019 was Invesco, an estimated $2.94M sold.

Based on aggregated 13F filings for Q1 2019.