Are Dynamic Credit Allocation Fund
ARDC
50 hedge funds and large institutions have $133M invested in Are Dynamic Credit Allocation Fund in 2018 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 14 increasing their positions, 9 reducing their positions, and 3 closing their positions.
267% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 3
56% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 9
16% more funds holding
Funds holding: 43 → 50 (+7)
1.48% more ownership
Funds ownership: 34.32% → 35.8% (+1.5%)
3% more capital invested
Capital invested by funds: $128M → $133M (+$4.24M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.39M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$1.32M |
| 3 |
BlackRock
New York
|
+$1.15M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$662K |
| 5 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$629K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.41M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.48M |
| 3 |
AM
Ares Management
Los Angeles,
California
|
-$465K |
| 4 |
SCM
Saba Capital Management
New York
|
-$370K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$255K |
ARDC Hedge Fund Activity: Q2 2018 in Review
50 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Are Dynamic Credit Allocation Fund (ARDC) for Q2 2018, worth a combined $133M — up 3.3% from $128M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new ARDC positions and 3 closed out — a net gain of 8 holders — while 14 added to existing stakes and 9 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $3.39M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.41M.
- 50 institutional investors held Are Dynamic Credit Allocation Fund (ARDC) as of Q2 2018, up from 43 in Q1 2018.
- Funds reported $133M of Are Dynamic Credit Allocation Fund stock for Q2 2018, up 3.3% quarter-over-quarter.
- 11 funds opened new Are Dynamic Credit Allocation Fund positions in Q2 2018 and 3 closed out, a net change of +8 holders.
- The largest Are Dynamic Credit Allocation Fund buyer in Q2 2018 was Morgan Stanley, an estimated $3.39M added.
- The largest Are Dynamic Credit Allocation Fund seller in Q2 2018 was Rivernorth Capital Management, an estimated $2.41M sold.
Based on aggregated 13F filings for Q2 2018.