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ARDC

Are Dynamic Credit Allocation Fund
ARDC

20 hedge funds and large institutions have $15.9M invested in Are Dynamic Credit Allocation Fund in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more funds holding

Funds holding: 14 → 20 (+6)

20% more capital invested

Capital invested by funds: $13.3M → $15.9M (+$2.67M)

1.09% more ownership

Funds ownership: 4.41% → 5.5% (+1.1%)

38% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 8

Holders
20
Holders Change
+6
Holders Change %
+42.86%
% of All Funds
0.65%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
6
Increased
5
Reduced
8
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$1.57M
2
SFS
Shaker Financial Services
Virginia
+$1.18M
3
AM
Ares Management
California
+$612K
4
SCM
Saba Capital Management
New York
+$367K
5
LPL Financial
LPL Financial
California
+$209K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$436K
2
First Trust Advisors
First Trust Advisors
Illinois
-$151K
3
U
UBS
Switzerland
-$104K
4
Comerica Bank
Comerica Bank
Texas
-$93.7K
5
Barclays
Barclays
United Kingdom
-$66.3K
Name Holding Trade Value Shares
Change 		Change in
Stake
U
1
UBS
Switzerland
$4.05M -$104K -5,535 -2%
GC
2
Guggenheim Capital
Illinois
$2.51M +$1.57M +83,869 +154%
Invesco
3
Invesco
Georgia
$1.31M -$27K -1,441 -2%
ADBIC
4
A.D. Beadell Investment Counsel
Wisconsin
$1.17M +$76.9K +4,106 +7%
SFS
5
Shaker Financial Services
Virginia
$1.14M +$1.18M +62,852 New
First Trust Advisors
6
First Trust Advisors
Illinois
$1.1M -$151K -8,055 -12%
Morgan Stanley
7
Morgan Stanley
New York
$1.06M -$38.1K -2,035 -3%
Bank of America
8
Bank of America
North Carolina
$1.02M -$436K -23,296 -29%
AM
9
Ares Management
California
$591K +$612K +32,645 New
Barclays
10
Barclays
United Kingdom
$375K -$66.3K -3,538 -15%
SCM
11
Saba Capital Management
New York
$355K +$367K +19,585 New
Wells Fargo
12
Wells Fargo
California
$345K +$21.1K +1,125 +6%
HCA
13
Harbour Capital Advisors
Virginia
$249K +$67K +3,575 +35%
LPL Financial
14
LPL Financial
California
$201K +$209K +11,161 New
Comerica Bank
15
Comerica Bank
Texas
$181K -$93.7K -5,000 -33%
RCM
16
Rivernorth Capital Management
Florida
$181K – – –
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$63K +$46.8K +2,500 +250%
PNC Financial Services Group
18
PNC Financial Services Group
Pennsylvania
$18K +$18.7K +1,000 New
Citigroup
19
Citigroup
New York
$18K +$19.1K +1,020 New
TRCT
20
Tower Research Capital (TRC)
New York
$13K -$1.99K -106 -13%

ARDC Hedge Fund Activity: Q3 2013 in Review

20 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Are Dynamic Credit Allocation Fund (ARDC) for Q3 2013, worth a combined $15.9M — up 20% from $13.3M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new ARDC positions and 0 closed out — a net gain of 6 holders — while 5 added to existing stakes and 8 trimmed.

The largest buyer was Guggenheim Capital, adding an estimated $1.57M. The largest seller was Bank of America, cutting an estimated $436K.

  • 20 institutional investors held Are Dynamic Credit Allocation Fund (ARDC) as of Q3 2013, up from 14 in Q2 2013.
  • Funds reported $15.9M of Are Dynamic Credit Allocation Fund stock for Q3 2013, up 20% quarter-over-quarter.
  • 6 funds opened new Are Dynamic Credit Allocation Fund positions in Q3 2013 and 0 closed out, a net change of +6 holders.
  • The largest Are Dynamic Credit Allocation Fund buyer in Q3 2013 was Guggenheim Capital, an estimated $1.57M added.
  • The largest Are Dynamic Credit Allocation Fund seller in Q3 2013 was Bank of America, an estimated $436K sold.

Based on aggregated 13F filings for Q3 2013.