Are Dynamic Credit Allocation Fund
ARDC
36 hedge funds and large institutions have $71.4M invested in Are Dynamic Credit Allocation Fund in 2014 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 7 increasing their positions, 10 reducing their positions, and 5 closing their positions.
220% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 5
29% more funds holding
Funds holding: 28 → 36 (+8)
7% more capital invested
Capital invested by funds: $66.8M → $71.4M (+$4.6M)
3.47% more ownership
Funds ownership: 22.84% → 26.31% (+3.5%)
30% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 10
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.93M |
| 2 |
BI
BlueSpruce Investments
Chicago,
Illinois
|
+$3.69M |
| 3 |
LCM
Laurion Capital Management
New York
|
+$2.37M |
| 4 |
SG Americas Securities
New York
|
+$603K |
| 5 |
FFA
First Foundation Advisors
Irvine,
California
|
+$587K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$2.29M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.51M |
| 3 |
NIMC
NWQ Investment Management Company
Los Angeles,
California
|
-$1.41M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.08M |
| 5 |
TAM
Third Avenue Management
New York
|
-$746K |
ARDC Hedge Fund Activity: Q4 2014 in Review
36 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Are Dynamic Credit Allocation Fund (ARDC) for Q4 2014, worth a combined $71.4M — up 6.9% from $66.8M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new ARDC positions and 5 closed out — a net gain of 11 holders — while 7 added to existing stakes and 10 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $4.93M. The largest seller was Invesco, exiting entirely with an estimated $2.29M sold.
- 36 institutional investors held Are Dynamic Credit Allocation Fund (ARDC) as of Q4 2014, up from 28 in Q3 2014.
- Funds reported $71.4M of Are Dynamic Credit Allocation Fund stock for Q4 2014, up 6.9% quarter-over-quarter.
- 16 funds opened new Are Dynamic Credit Allocation Fund positions in Q4 2014 and 5 closed out, a net change of +11 holders.
- The largest Are Dynamic Credit Allocation Fund buyer in Q4 2014 was Rivernorth Capital Management, an estimated $4.93M added.
- The largest Are Dynamic Credit Allocation Fund seller in Q4 2014 was Invesco, an estimated $2.29M sold.
Based on aggregated 13F filings for Q4 2014.