ARDC

Are Dynamic Credit Allocation Fund
ARDC

Overview Fund Activity

25 hedge funds and large institutions have $36M invested in Are Dynamic Credit Allocation Fund in 2013 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 3 closing their positions.

Holders
25
Holders Change
+5
Holders Change %
+25%
% of All Funds
0.73%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
8
Increased
9
Reduced
7
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
TAM
1
Third Avenue Management
New York
$5.81M
2
MIG
2
Mariner Investment Group
New York
$3.9M
3
U
3
UBS
Switzerland
$6.25M
4
BNP Paribas Financial Markets
4
BNP Paribas Financial Markets
France
$1.62M
5
RCM
5
Rivernorth Capital Management
Florida
$1.59M

Top Sellers

1
AM
1
Ares Management
California
$0
2
SCM
2
Saba Capital Management
New York
$0
3
ADBIC
3
A.D. Beadell Investment Counsel
Wisconsin
$964K
4
Comerica Bank
4
Comerica Bank
Texas
$0
5
First Trust Advisors
5
First Trust Advisors
Illinois
$1.07M
Name Market Value Shares Shares
Change 		Shares
Change %
U
1
UBS
Switzerland
$6.25M 347,328 +123,669 +55%
TAM
2
Third Avenue Management
New York
$5.81M 322,875 +322,875 New
MIG
3
Mariner Investment Group
New York
$3.9M 216,797 +216,797 New
GC
4
Guggenheim Capital
Illinois
$2.48M 138,163 -189 -0.1%
SFS
5
Shaker Financial Services
Virginia
$2.22M 123,696 +60,844 +97%
BI
6
BlueSpruce Investments
Illinois
$1.88M 104,601 +104,601 New
BNP Paribas Financial Markets
7
BNP Paribas Financial Markets
France
$1.62M 90,116 +90,116 New
RCM
8
Rivernorth Capital Management
Florida
$1.59M 88,557 +78,557 +786%
Bank of America
9
Bank of America
North Carolina
$1.58M 87,849 +31,623 +56%
Invesco
10
Invesco
Georgia
$1.53M 85,144 +12,949 +18%
Morgan Stanley
11
Morgan Stanley
New York
$1.36M 75,540 +17,186 +29%
First Trust Advisors
12
First Trust Advisors
Illinois
$1.07M 59,454 -1,387 -2%
ADBIC
13
A.D. Beadell Investment Counsel
Wisconsin
$964K 53,641 -10,990 -17%
1832 Asset Management
14
1832 Asset Management
Ontario, Canada
$900K 50,000 +50,000 New
PP
15
Paloma Partners
Connecticut
$792K 44,063 +44,063 New
WAM
16
Wolverine Asset Management
Illinois
$539K 30,021 +30,021 New
Wells Fargo
17
Wells Fargo
California
$450K 25,035 +6,001 +32%
Barclays
18
Barclays
United Kingdom
$385K 22,711 +1,870 +9%
HCA
19
Harbour Capital Advisors
Virginia
$243K 13,525 -200 -1%
LPL Financial
20
LPL Financial
California
$205K 11,395 +234 +2%
AC
21
Alleghany Corporation
New York
$159K 8,865 +8,865 New
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$45K 2,500 -1,000 -29%
PNC Financial Services Group
23
PNC Financial Services Group
Pennsylvania
$18K 1,000 – –
Citigroup
24
Citigroup
New York
$12K 676 -344 -34%
TRCT
25
Tower Research Capital (TRC)
New York
$4K 200 -525 -72%
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