Bancroft Fund
BCV
31 hedge funds and large institutions have $28.8M invested in Bancroft Fund in 2016 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 16 reducing their positions, and 3 closing their positions.
1.58% more ownership
Funds ownership: 29.51% → 31.08% (+1.6%)
3% more capital invested
Capital invested by funds: $28.1M → $28.8M (+$720K)
3% less funds holding
Funds holding: 32 → 31 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
56% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4M |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
+$732K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$238K |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
+$40.8K |
| 5 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
+$31.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.1M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$857K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$410K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$395K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$256K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
S
26
SignatureFD
Atlanta,
Georgia
| $31K | – | – | – |
|
|
WRM
27
Westport Resources Management
Westport,
Connecticut
| $18K | -$8.16K | -475 | -33% |
|
|
AIG
28
American International Group
New York
| $12K | – | – | – |
|
29
Bank of America
Charlotte,
North Carolina
| $4K | – | – | – |
|
|
GWM
30
Geneos Wealth Management
Englewood,
Colorado
| $4K | +$3.87K | +225 | New |
|
|
31
Geode Capital Management
Boston,
Massachusetts
| $397 | -$395K | -22,991 | -51% |
|
|
CRC
32
Curi RMB Capital
Chicago,
Illinois
| – | -$1.1M | -60,210 | Closed |
|
|
SFS
33
Shaker Financial Services
Arlington,
Virginia
| – | -$256K | -14,057 | Closed |
|
BCV Hedge Fund Activity: Q1 2016 in Review
31 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Bancroft Fund (BCV) for Q1 2016, worth a combined $28.8M — up 2.6% from $28.1M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of BCV and 2 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 7 added.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $4M. The largest seller was Curi RMB Capital, exiting entirely with an estimated $1.1M sold.
- 31 institutional investors held Bancroft Fund (BCV) as of Q1 2016, down from 32 in Q4 2015.
- Funds reported $28.8M of Bancroft Fund stock for Q1 2016, up 2.6% quarter-over-quarter.
- 2 funds opened new Bancroft Fund positions in Q1 2016 and 3 closed out, a net change of -1 holder.
- The largest Bancroft Fund buyer in Q1 2016 was Saba Capital Management, an estimated $4M added.
- The largest Bancroft Fund seller in Q1 2016 was Curi RMB Capital, an estimated $1.1M sold.
Based on aggregated 13F filings for Q1 2016.