Bancroft Fund
BCV
28 hedge funds and large institutions have $29.5M invested in Bancroft Fund in 2013 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 6 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less capital invested
Capital invested by funds: $30.8M → $29.5M (-$1.28M)
2.46% less ownership
Funds ownership: 33.24% → 30.79% (-2.5%)
13% less funds holding
Funds holding: 32 → 28 (-4)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.49M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$506K |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$362K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$292K |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$278K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JGUA
John G. Ullman & Associates
Corning,
New York
|
-$3.27M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$416K |
| 3 |
Morgan Stanley
New York
|
-$340K |
| 4 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$303K |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$290K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFA
26
Carroll Financial Associates
Charlotte,
North Carolina
| $38K | – | – | – |
|
|
WRM
27
Westport Resources Management
Westport,
Connecticut
| $17K | – | – | – |
|
28
Bank of America
Charlotte,
North Carolina
| $4K | – | – | – |
|
|
JGUA
29
John G. Ullman & Associates
Corning,
New York
| – | -$3.27M | -188,503 | Closed |
|
30
Comerica Bank
Dallas,
Texas
| – | -$196K | -11,320 | Closed |
|
|
CWM
31
Concert Wealth Management
San Jose,
California
| – | -$175K | -10,039 | Closed |
|
|
AA
32
Ancora Advisors
Cleveland,
Ohio
| – | -$173K | -10,000 | Closed |
|
33
Ameriprise
Minneapolis,
Minnesota
| – | -$42K | -2,445 | Closed |
|
|
TF
34
Tompkins Financial
Ithaca,
New York
| – | -$35K | -2,000 | Closed |
|
BCV Hedge Fund Activity: Q3 2013 in Review
28 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Bancroft Fund (BCV) for Q3 2013, worth a combined $29.5M — down 4.2% from $30.8M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of BCV and 2 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 12 added.
The largest buyer was Karpus Investment Management, adding an estimated $1.49M. The largest seller was John G. Ullman & Associates, exiting entirely with an estimated $3.27M sold.
- 28 institutional investors held Bancroft Fund (BCV) as of Q3 2013, down from 32 in Q2 2013.
- Funds reported $29.5M of Bancroft Fund stock for Q3 2013, down 4.2% quarter-over-quarter.
- 2 funds opened new Bancroft Fund positions in Q3 2013 and 6 closed out, a net change of -4 holders.
- The largest Bancroft Fund buyer in Q3 2013 was Karpus Investment Management, an estimated $1.49M added.
- The largest Bancroft Fund seller in Q3 2013 was John G. Ullman & Associates, an estimated $3.27M sold.
Based on aggregated 13F filings for Q3 2013.