Bancroft Fund
BCV
32 hedge funds and large institutions have $31.8M invested in Bancroft Fund in 2013 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 1 closing their positions.
400% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 1
17% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 12
14% more funds holding
Funds holding: 28 → 32 (+4)
8% more capital invested
Capital invested by funds: $29.5M → $31.8M (+$2.35M)
1.26% more ownership
Funds ownership: 30.79% → 32.05% (+1.3%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$836K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$378K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$338K |
| 4 |
OC
Oppenheimer & Co
New York
|
+$318K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$292K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$538K |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$471K |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$205K |
| 4 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$179K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$154K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $127K | -$3.59K | -196 | -3% |
|
|
CFA
27
Carroll Financial Associates
Charlotte,
North Carolina
| $40K | +$421 | +23 | +1% |
|
|
BBPWM
28
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $39K | +$38.4K | +2,098 | New |
|
|
WRM
29
Westport Resources Management
Westport,
Connecticut
| $18K | +$183 | +10 | +1% |
|
|
PAS
30
Partnervest Advisory Services
Santa Barbara,
California
| $17K | +$16.4K | +895 | New |
|
31
Citigroup
New York
| $15K | +$14.9K | +813 | New |
|
32
Bank of America
Charlotte,
North Carolina
| $4K | +$37 | +2 | +0.9% |
|
|
TC
33
TFS Capital
West Chester,
Pennsylvania
| – | -$471K | -26,304 | Closed |
|
BCV Hedge Fund Activity: Q4 2013 in Review
32 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Bancroft Fund (BCV) for Q4 2013, worth a combined $31.8M — up 8% from $29.5M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new BCV positions and 1 closed out — a net gain of 4 holders — while 14 added to existing stakes and 12 trimmed.
The largest buyer was Ancora Advisors, opening a new position worth an estimated $836K. The largest seller was Bulldog Investors, cutting an estimated $538K.
- 32 institutional investors held Bancroft Fund (BCV) as of Q4 2013, up from 28 in Q3 2013.
- Funds reported $31.8M of Bancroft Fund stock for Q4 2013, up 8% quarter-over-quarter.
- 5 funds opened new Bancroft Fund positions in Q4 2013 and 1 closed out, a net change of +4 holders.
- The largest Bancroft Fund buyer in Q4 2013 was Ancora Advisors, an estimated $836K added.
- The largest Bancroft Fund seller in Q4 2013 was Bulldog Investors, an estimated $538K sold.
Based on aggregated 13F filings for Q4 2013.