Bancroft Fund
BCV
34 hedge funds and large institutions have $28.7M invested in Bancroft Fund in 2015 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
6% more funds holding
Funds holding: 32 → 34 (+2)
4.23% less ownership
Funds ownership: 33.58% → 29.35% (-4.2%)
18% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 11
23% less capital invested
Capital invested by funds: $37.3M → $28.7M (-$8.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$1.12M |
| 2 |
AT
Arden Trust
Wilmington,
Delaware
|
+$264K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
+$255K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$191K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$123K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$5.41M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$493K |
| 3 |
OC
Oppenheimer & Co
New York
|
-$419K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$333K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
-$230K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
26
Wolverine Asset Management
Chicago,
Illinois
| $84K | +$91.4K | +4,508 | New |
|
|
WRM
27
Westport Resources Management
Westport,
Connecticut
| $52K | +$9.63K | +475 | +21% |
|
28
Citigroup
New York
| $36K | +$39.2K | +1,933 | New |
|
|
S
29
SignatureFD
Atlanta,
Georgia
| $30K | – | – | – |
|
|
FAM
30
Formidable Asset Management
Cincinnati,
Ohio
| $18K | +$19.7K | +970 | New |
|
31
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $10K | – | – | – |
|
32
Bank of America
Charlotte,
North Carolina
| $4K | – | – | – |
|
|
BBPWM
33
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $2K | – | – | – |
|
|
AA
34
Ancora Advisors
Cleveland,
Ohio
| – | -$5.41M | -255,400 | Closed |
|
|
PAM
35
Panagora Asset Management
Boston,
Massachusetts
| – | -$71K | -3,342 | Closed |
|
|
RIM
36
Ranger International Management
Lake Forest,
Illinois
| – | -$13K | -626 | Closed |
|
|
TRCT
37
Tower Research Capital (TRC)
New York
| – | -$3.06K | -151 | -96% |
|
|
HCMT
38
Highland Capital Management (Texas)
Dallas,
Texas
| – | -$3K | -125 | Closed |
|
BCV Hedge Fund Activity: Q3 2015 in Review
34 of the 3,583 institutional investors tracked by Wall St. Rank reported a position in Bancroft Fund (BCV) for Q3 2015, worth a combined $28.7M — down 23% from $37.3M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new BCV positions and 4 closed out — a net gain of 2 holders — while 9 added to existing stakes and 11 trimmed.
The largest buyer was GAMCO Investors, opening a new position worth an estimated $1.12M. The largest seller was Ancora Advisors, exiting entirely with an estimated $5.41M sold.
- 34 institutional investors held Bancroft Fund (BCV) as of Q3 2015, up from 32 in Q2 2015.
- Funds reported $28.7M of Bancroft Fund stock for Q3 2015, down 23% quarter-over-quarter.
- 6 funds opened new Bancroft Fund positions in Q3 2015 and 4 closed out, a net change of +2 holders.
- The largest Bancroft Fund buyer in Q3 2015 was GAMCO Investors, an estimated $1.12M added.
- The largest Bancroft Fund seller in Q3 2015 was Ancora Advisors, an estimated $5.41M sold.
Based on aggregated 13F filings for Q3 2015.