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ARDC

Are Dynamic Credit Allocation Fund

53 hedge funds and large institutions have $125M invested in Are Dynamic Credit Allocation Fund in 2018 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 14

22% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 9

4% more funds holding

Funds holding: 5153 (+2)

1.08% less ownership

Funds ownership: 35.88%34.79% (-1.1%)

6% less capital invested

Capital invested by funds: $133M → $125M (-$8.48M)

Holders
53
Holders Change
+2
Holders Change %
+3.92%
% of All Funds
1.21%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
11
Increased
18
Reduced
14
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AAM
1
Advisors Asset Management
Colorado
$16.4M -$1.16M -72,698 -6%
UBS Group
2
UBS Group
Switzerland
$13.9M +$336K +21,116 +2%
PPA
3
Parametric Portfolio Associates
Washington
$13.8M -$2.22M -139,625 -14%
Invesco
4
Invesco
Georgia
$11.7M +$272K +17,094 +2%
Bank of America
5
Bank of America
North Carolina
$6.93M +$539K +33,908 +8%
Wells Fargo
6
Wells Fargo
California
$6.89M -$1.2M -75,554 -15%
RCM
7
Rivernorth Capital Management
Florida
$6.84M -$28.6K -1,800 -0.4%
GC
8
Guggenheim Capital
Illinois
$5.74M +$786K +49,455 +15%
First Trust Advisors
9
First Trust Advisors
Illinois
$4.67M +$655K +41,182 +16%
Morgan Stanley
10
Morgan Stanley
New York
$4.27M -$2.14M -134,633 -33%
Stifel Financial
11
Stifel Financial
Missouri
$3.71M +$333K +20,919 +10%
Bessemer Group
12
Bessemer Group
New Jersey
$2.9M -$3.36M -211,500 -53%
COLIM
13
City of London Investment Management
United Kingdom
$2.85M -$265K -16,697 -8%
RCM
14
Robinson Capital Management
Michigan
$2.62M +$189K +11,871 +8%
SFS
15
Shaker Financial Services
Virginia
$2.37M +$1.99M +125,223 +463%
CIA
16
Capital Investment Advisors
Georgia
$2.1M +$77.6K +4,878 +4%
Cohen & Steers
17
Cohen & Steers
New York
$1.64M -$184K -11,600 -10%
NMC
18
Nine Masts Capital
Hong Kong
$1.52M +$949K +59,700 +155%
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$1.42M -$67.8K -4,267 -4%
CWM
20
Cornerstone Wealth Management
Missouri
$1.2M +$6.85K +431 +2%
CRC
21
Curi RMB Capital
Illinois
$1.19M +$1.22M +76,640 New
BlackRock
22
BlackRock
New York
$1.09M
AG
23
Advisor Group
Arizona
$1.07M +$207K +13,031 +23%
TJHA
24
Thomas J. Herzfeld Advisors
Florida
$1.01M +$432K +27,173 +72%
LTFS
25
Ladenburg Thalmann Financial Services
Florida
$958K -$72.7K -4,574 -7%

ARDC Hedge Fund Activity: Q3 2018 in Review

53 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Are Dynamic Credit Allocation Fund (ARDC) for Q3 2018, worth a combined $125M — down 6.4% from $133M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new ARDC positions and 9 closed out — a net gain of 2 holders — while 18 added to existing stakes and 14 trimmed.

The largest buyer was Shaker Financial Services, adding an estimated $1.99M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $3.75M sold.

  • 53 institutional investors held Are Dynamic Credit Allocation Fund (ARDC) as of Q3 2018, up from 51 in Q2 2018.
  • Funds reported $125M of Are Dynamic Credit Allocation Fund stock for Q3 2018, down 6.4% quarter-over-quarter.
  • 11 funds opened new Are Dynamic Credit Allocation Fund positions in Q3 2018 and 9 closed out, a net change of +2 holders.
  • The largest Are Dynamic Credit Allocation Fund buyer in Q3 2018 was Shaker Financial Services, an estimated $1.99M added.
  • The largest Are Dynamic Credit Allocation Fund seller in Q3 2018 was Laurion Capital Management, an estimated $3.75M sold.

Based on aggregated 13F filings for Q3 2018.