Are Dynamic Credit Allocation Fund
ARDC
40 hedge funds and large institutions have $84.3M invested in Are Dynamic Credit Allocation Fund in 2016 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 9 closing their positions.
15% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 13
2.31% less ownership
Funds ownership: 28.93% → 26.62% (-2.3%)
7% less funds holding
Funds holding: 43 → 40 (-3)
7% less capital invested
Capital invested by funds: $90.9M → $84.3M (-$6.62M)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$3.55M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.2M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.03M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$766K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$509K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$6.87M |
| 2 |
BI
BlueSpruce Investments
Chicago,
Illinois
|
-$5.37M |
| 3 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$1.55M |
| 4 |
LPL Financial
San Diego,
California
|
-$827K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$673K |
ARDC Hedge Fund Activity: Q2 2016 in Review
40 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Are Dynamic Credit Allocation Fund (ARDC) for Q2 2016, worth a combined $84.3M — down 7.3% from $90.9M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of ARDC and 6 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 15 added.
The largest buyer was Laurion Capital Management, adding an estimated $3.55M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $6.87M sold.
- 40 institutional investors held Are Dynamic Credit Allocation Fund (ARDC) as of Q2 2016, down from 43 in Q1 2016.
- Funds reported $84.3M of Are Dynamic Credit Allocation Fund stock for Q2 2016, down 7.3% quarter-over-quarter.
- 6 funds opened new Are Dynamic Credit Allocation Fund positions in Q2 2016 and 9 closed out, a net change of -3 holders.
- The largest Are Dynamic Credit Allocation Fund buyer in Q2 2016 was Laurion Capital Management, an estimated $3.55M added.
- The largest Are Dynamic Credit Allocation Fund seller in Q2 2016 was Parametric Portfolio Associates, an estimated $6.87M sold.
Based on aggregated 13F filings for Q2 2016.