Are Dynamic Credit Allocation Fund
ARDC
55 hedge funds and large institutions have $133M invested in Are Dynamic Credit Allocation Fund in 2021 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
50% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 12
14% more capital invested
Capital invested by funds: $117M → $133M (+$15.9M)
6% more funds holding
Funds holding: 52 → 55 (+3)
2.88% more ownership
Funds ownership: 35.7% → 38.58% (+2.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$12.3M |
| 2 |
Cohen & Steers
New York
|
+$4.5M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$924K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$687K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$593K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$5.01M |
| 2 |
SCM
Saba Capital Management
New York
|
-$3.79M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.21M |
| 4 |
QC
Quantedge Capital
Singapore
|
-$874K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$873K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GI
51
Gradient Investments
Arden Hills,
Minnesota
| $5K | – | – | – |
|
|
PFGIA
52
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| $4K | – | – | – |
|
|
EVM
53
Eaton Vance Management
Boston,
Massachusetts
| $3K | +$2.6K | +176 | New |
|
|
SFS
54
Sowell Financial Services
North Little Rock,
Arkansas
| $1K | -$296 | -20 | -22% |
|
55
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $1K | – | – | – |
|
|
FF
56
FourThought Financial
Venice,
Florida
| $1K | – | – | – |
|
|
SCM
57
Saba Capital Management
New York
| – | -$3.79M | -265,502 | Closed |
|
|
AA
58
AQR Arbitrage
Greenwich,
Connecticut
| – | -$873K | -61,109 | Closed |
|
|
PWPS
59
Pinnacle Wealth Planning Services
Mansfield,
Ohio
| – | -$76K | -5,347 | Closed |
|
|
MA
60
Montag & Associates
Atlanta,
Georgia
| – | -$4K | -260 | Closed |
|
|
PFO
61
Pathstone Family Office
Englewood,
New Jersey
| – | -$2K | -135 | Closed |
|
|
WLPWM
62
Walled Lake Planning & Wealth Management
Winnetka,
Illinois
| – | -$1K | -59 | Closed |
|
ARDC Hedge Fund Activity: Q1 2021 in Review
55 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Are Dynamic Credit Allocation Fund (ARDC) for Q1 2021, worth a combined $133M — up 14% from $117M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new ARDC positions and 6 closed out — a net gain of 3 holders — while 18 added to existing stakes and 12 trimmed.
The largest buyer was Parametric Portfolio Associates, adding an estimated $12.3M. The largest seller was UBS Group, cutting an estimated $5.01M.
- 55 institutional investors held Are Dynamic Credit Allocation Fund (ARDC) as of Q1 2021, up from 52 in Q4 2020.
- Funds reported $133M of Are Dynamic Credit Allocation Fund stock for Q1 2021, up 14% quarter-over-quarter.
- 9 funds opened new Are Dynamic Credit Allocation Fund positions in Q1 2021 and 6 closed out, a net change of +3 holders.
- The largest Are Dynamic Credit Allocation Fund buyer in Q1 2021 was Parametric Portfolio Associates, an estimated $12.3M added.
- The largest Are Dynamic Credit Allocation Fund seller in Q1 2021 was UBS Group, an estimated $5.01M sold.
Based on aggregated 13F filings for Q1 2021.