Bancroft Fund
BCV
29 hedge funds and large institutions have $21.8M invested in Bancroft Fund in 2016 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 8 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
6% less funds holding
Funds holding: 31 → 29 (-2)
9.57% less ownership
Funds ownership: 29.63% → 20.06% (-9.6%)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
26% less capital invested
Capital invested by funds: $29.6M → $21.8M (-$7.77M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
+$274K |
| 2 |
JFA
JNBA Financial Advisors
Bloomington,
Minnesota
|
+$217K |
| 3 |
SBIA
Sheaff Brock Investment Advisors
Indianapolis,
Indiana
|
+$208K |
| 4 |
S
SignatureFD
Atlanta,
Georgia
|
+$183K |
| 5 |
Morgan Stanley
New York
|
+$179K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$4.24M |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
-$1.57M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.55M |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.31M |
| 5 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
-$1.22M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WP
26
WealthPLAN Partners
Omaha,
Nebraska
| $5.22K | +$5.14K | +253 | New |
|
|
BBPWM
27
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $4K | -$59.9K | -2,948 | -95% |
|
28
Creative Planning
Overland Park,
Kansas
| $2K | +$2.05K | +101 | New |
|
|
MC
29
Matisse Capital
Portland,
Oregon
| – | -$1.57M | -84,196 | Closed |
|
|
LCM
30
Landscape Capital Management
Englewood,
New Jersey
| – | -$1.55M | -82,913 | Closed |
|
|
BI
31
Bulldog Investors
Saddle Brook,
New Jersey
| – | -$1.31M | -39,976 | Closed |
|
32
Geode Capital Management
Boston,
Massachusetts
| – | -$419K | -22,400 | Closed |
|
|
CRC
33
Curi RMB Capital
Chicago,
Illinois
| – | -$386K | -20,645 | Closed |
|
|
DA
34
Doliver Advisors
Houston,
Texas
| – | -$320K | -17,026 | Closed |
|
35
Citigroup
New York
| – | -$105K | -5,592 | Closed |
|
|
WRM
36
Westport Resources Management
Westport,
Connecticut
| – | -$18K | -963 | Closed |
|
BCV Hedge Fund Activity: Q3 2016 in Review
29 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Bancroft Fund (BCV) for Q3 2016, worth a combined $21.8M — down 26% from $29.6M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of BCV and 6 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 9 added.
The largest buyer was Kovack Advisors, opening a new position worth an estimated $274K. The largest seller was Saba Capital Management, cutting an estimated $4.24M.
- 29 institutional investors held Bancroft Fund (BCV) as of Q3 2016, down from 31 in Q2 2016.
- Funds reported $21.8M of Bancroft Fund stock for Q3 2016, down 26% quarter-over-quarter.
- 6 funds opened new Bancroft Fund positions in Q3 2016 and 8 closed out, a net change of -2 holders.
- The largest Bancroft Fund buyer in Q3 2016 was Kovack Advisors, an estimated $274K added.
- The largest Bancroft Fund seller in Q3 2016 was Saba Capital Management, an estimated $4.24M sold.
Based on aggregated 13F filings for Q3 2016.