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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
+$1.33M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.09M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$656K |
| 4 |
6M
6 Meridian
Wichita,
Kansas
|
+$556K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$472K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.63M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.34M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$603K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$316K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$303K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ASN
51
Advisory Services Network
Atlanta,
Georgia
| $4K | -$503 | -34 | -12% |
|
|
PAM
52
Panagora Asset Management
Boston,
Massachusetts
| $4K | +$3.94K | +266 | New |
|
|
SFS
53
Sowell Financial Services
North Little Rock,
Arkansas
| $1K | -$15 | -1 | -2% |
|
54
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $1K | – | – | – |
|
|
TJHA
55
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$1.63M | -109,363 | Closed |
|
|
MSL
56
Mackay Shields LLC
New York
| – | -$286K | -19,191 | Closed |
|
|
KA
57
Kovack Advisors
Ft. Lauderdale,
Florida
| – | -$253K | -17,000 | Closed |
|
58
Millennium Management
New York
| – | -$199K | -13,359 | Closed |
|
|
WAM
59
Wolverine Asset Management
Chicago,
Illinois
| – | -$51K | -3,431 | Closed |
|
|
SF
60
Synovus Financial
Columbus,
Georgia
| – | -$18K | -1,214 | Closed |
|
|
GSWM
61
Golden State Wealth Management
Santa Ana,
California
| – | -$8K | -517 | Closed |
|
62
Fidelity Investments
Boston,
Massachusetts
| – | +$237 | +16 | New |
|
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.