Are Dynamic Credit Allocation Fund
ARDC
52 hedge funds and large institutions have $93.5M invested in Are Dynamic Credit Allocation Fund in 2020 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 23 reducing their positions, and 7 closing their positions.
4.08% more ownership
Funds ownership: 33.71% → 37.79% (+4.1%)
5% less funds holding
Funds holding: 55 → 52 (-3)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
21% less capital invested
Capital invested by funds: $119M → $93.5M (-$25.1M)
30% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$4.84M |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
+$3.88M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.82M |
| 4 |
SCM
Saba Capital Management
New York
|
+$3.8M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$1.42M |
| 2 |
Morgan Stanley
New York
|
-$870K |
| 3 |
BlackRock
New York
|
-$677K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$662K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$586K |
ARDC Hedge Fund Activity: Q1 2020 in Review
52 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Are Dynamic Credit Allocation Fund (ARDC) for Q1 2020, worth a combined $93.5M — down 21% from $119M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of ARDC and 6 opened new positions — a net loss of 1 holder — while 23 trimmed existing stakes and 16 added.
The largest buyer was Guggenheim Capital, adding an estimated $4.84M. The largest seller was Northwestern Mutual Wealth Management, cutting an estimated $1.42M.
- 52 institutional investors held Are Dynamic Credit Allocation Fund (ARDC) as of Q1 2020, down from 55 in Q4 2019.
- Funds reported $93.5M of Are Dynamic Credit Allocation Fund stock for Q1 2020, down 21% quarter-over-quarter.
- 6 funds opened new Are Dynamic Credit Allocation Fund positions in Q1 2020 and 7 closed out, a net change of -1 holder.
- The largest Are Dynamic Credit Allocation Fund buyer in Q1 2020 was Guggenheim Capital, an estimated $4.84M added.
- The largest Are Dynamic Credit Allocation Fund seller in Q1 2020 was Northwestern Mutual Wealth Management, an estimated $1.42M sold.
Based on aggregated 13F filings for Q1 2020.