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ARDC

Are Dynamic Credit Allocation Fund

43 hedge funds and large institutions have $128M invested in Are Dynamic Credit Allocation Fund in 2018 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 16 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% more capital invested

Capital invested by funds: $126M → $128M (+$2.37M)

1% more ownership

Funds ownership: 33.32%34.31% (+1%)

7% less funds holding

Funds holding: 4643 (-3)

25% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 16

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

Holders
43
Holders Change
-3
Holders Change %
-6.52%
% of All Funds
0.99%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
5
Increased
12
Reduced
16
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AAM
1
Advisors Asset Management
Colorado
$17.7M +$574K +35,257 +3%
PPA
2
Parametric Portfolio Associates
Washington
$16.9M +$1.32M +81,114 +8%
UBS Group
3
UBS Group
Switzerland
$14.1M +$491K +30,163 +4%
Invesco
4
Invesco
Georgia
$11.7M +$845K +51,833 +8%
RCM
5
Rivernorth Capital Management
Florida
$9.58M -$764K -46,873 -7%
Wells Fargo
6
Wells Fargo
California
$8.68M -$1.55M -95,175 -15%
Bank of America
7
Bank of America
North Carolina
$6.52M -$92.8K -5,697 -1%
Bessemer Group
8
Bessemer Group
New Jersey
$6.47M -$26.6K -1,631 -0.4%
GC
9
Guggenheim Capital
Illinois
$4.92M +$4.94M +303,304 New
COLIM
10
City of London Investment Management
United Kingdom
$4.72M
First Trust Advisors
11
First Trust Advisors
Illinois
$3.56M +$628K +38,530 +21%
LCM
12
Laurion Capital Management
New York
$3.48M +$866K +53,166 +33%
Morgan Stanley
13
Morgan Stanley
New York
$3.28M +$389K +23,887 +13%
RCM
14
Robinson Capital Management
Michigan
$2.53M -$454K -27,876 -15%
Stifel Financial
15
Stifel Financial
Missouri
$2.22M +$1.23M +75,319 +123%
CIA
16
Capital Investment Advisors
Georgia
$2.12M -$23.6K -1,451 -1%
Cohen & Steers
17
Cohen & Steers
New York
$1.9M -$910K -55,824 -32%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$1.65M -$60.2K -3,692 -4%
LTFS
19
Ladenburg Thalmann Financial Services
Florida
$1.08M +$280K +17,161 +35%
AG
20
Advisor Group
Arizona
$913K -$16.3K -1,000 -2%
RJFSA
21
Raymond James Financial Services Advisors
Florida
$680K -$516K -31,694 -43%
AM
22
Ares Management
California
$465K +$9.42K +578 +2%
Barclays
23
Barclays
United Kingdom
$397K
SCM
24
Saba Capital Management
New York
$370K -$74.5K -4,571 -17%
Bank of Montreal
25
Bank of Montreal
Ontario, Canada
$323K -$9.82K -603 -3%

ARDC Hedge Fund Activity: Q1 2018 in Review

43 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Are Dynamic Credit Allocation Fund (ARDC) for Q1 2018, worth a combined $128M — up 1.9% from $126M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of ARDC and 5 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 12 added.

The largest buyer was Guggenheim Capital, opening a new position worth an estimated $4.94M. The largest seller was Wells Fargo, cutting an estimated $1.55M.

  • 43 institutional investors held Are Dynamic Credit Allocation Fund (ARDC) as of Q1 2018, down from 46 in Q4 2017.
  • Funds reported $128M of Are Dynamic Credit Allocation Fund stock for Q1 2018, up 1.9% quarter-over-quarter.
  • 5 funds opened new Are Dynamic Credit Allocation Fund positions in Q1 2018 and 8 closed out, a net change of -3 holders.
  • The largest Are Dynamic Credit Allocation Fund buyer in Q1 2018 was Guggenheim Capital, an estimated $4.94M added.
  • The largest Are Dynamic Credit Allocation Fund seller in Q1 2018 was Wells Fargo, an estimated $1.55M sold.

Based on aggregated 13F filings for Q1 2018.