Are Dynamic Credit Allocation Fund
ARDC
39 hedge funds and large institutions have $93M invested in Are Dynamic Credit Allocation Fund in 2017 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 8 reducing their positions, and 7 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 8
1% less capital invested
Capital invested by funds: $94M → $93M (-$1.04M)
1.87% less ownership
Funds ownership: 27.08% → 25.21% (-1.9%)
7% less funds holding
Funds holding: 42 → 39 (-3)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$5.03M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$4.26M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$3.83M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$2.54M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$9.74M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$4.46M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$4.34M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$3.73M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.89M |
ARDC Hedge Fund Activity: Q1 2017 in Review
39 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Are Dynamic Credit Allocation Fund (ARDC) for Q1 2017, worth a combined $93M — down 1.1% from $94M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of ARDC and 6 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 20 added.
The largest buyer was Kovitz Investment Group Partners, opening a new position worth an estimated $5.03M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $9.74M sold.
- 39 institutional investors held Are Dynamic Credit Allocation Fund (ARDC) as of Q1 2017, down from 42 in Q4 2016.
- Funds reported $93M of Are Dynamic Credit Allocation Fund stock for Q1 2017, down 1.1% quarter-over-quarter.
- 6 funds opened new Are Dynamic Credit Allocation Fund positions in Q1 2017 and 7 closed out, a net change of -1 holder.
- The largest Are Dynamic Credit Allocation Fund buyer in Q1 2017 was Kovitz Investment Group Partners, an estimated $5.03M added.
- The largest Are Dynamic Credit Allocation Fund seller in Q1 2017 was Laurion Capital Management, an estimated $9.74M sold.
Based on aggregated 13F filings for Q1 2017.