Bancroft Fund
BCV
29 hedge funds and large institutions have $23.5M invested in Bancroft Fund in 2017 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 8 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 7
2% more capital invested
Capital invested by funds: $23M → $23.5M (+$454K)
0.53% less ownership
Funds ownership: 21.14% → 20.61% (-0.53%)
15% less funds holding
Funds holding: 34 → 29 (-5)
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$717K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$545K |
| 3 |
Koshinski Asset Management
Decatur,
Illinois
|
+$238K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$128K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$121K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$430K |
| 2 |
CAAS
Capital Asset Advisory Services
Williamston,
Michigan
|
-$361K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$331K |
| 4 |
OC
Oppenheimer & Co
New York
|
-$270K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$262K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BFEC
26
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $24K | – | – | – |
|
|
AG
27
Advisor Group
Phoenix,
Arizona
| $11K | – | – | – |
|
28
Bank of America
Charlotte,
North Carolina
| $6K | -$150 | -7 | -3% |
|
|
BBPWM
29
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $3K | – | – | – |
|
30
Creative Planning
Overland Park,
Kansas
| $2K | +$21 | +1 | +1% |
|
|
31
LPL Financial
San Diego,
California
| – | -$430K | -20,412 | Closed |
|
|
CAAS
32
Capital Asset Advisory Services
Williamston,
Michigan
| – | -$361K | -17,177 | Closed |
|
|
OC
33
Oppenheimer & Co
New York
| – | -$270K | -12,829 | Closed |
|
|
SBIA
34
Sheaff Brock Investment Advisors
Indianapolis,
Indiana
| – | -$242K | -11,523 | Closed |
|
|
CWM
35
Concert Wealth Management
San Jose,
California
| – | -$217K | -10,708 | Closed |
|
|
SPIA
36
Steward Partners Investment Advisory
New York
| – | -$7K | -361 | Closed |
|
|
WP
37
WealthPLAN Partners
Omaha,
Nebraska
| – | -$5.56K | -263 | Closed |
|
|
LA
38
Legacy Advisors
Plymouth Meeting,
Pennsylvania
| – | -$5K | -256 | Closed |
|
BCV Hedge Fund Activity: Q2 2017 in Review
29 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Bancroft Fund (BCV) for Q2 2017, worth a combined $23.5M — up 2% from $23M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of BCV and 3 opened new positions — a net loss of 5 holders — while 7 trimmed existing stakes and 11 added.
The largest buyer was Wolverine Asset Management, adding an estimated $717K. The largest seller was LPL Financial, exiting entirely with an estimated $430K sold.
- 29 institutional investors held Bancroft Fund (BCV) as of Q2 2017, down from 34 in Q1 2017.
- Funds reported $23.5M of Bancroft Fund stock for Q2 2017, up 2% quarter-over-quarter.
- 3 funds opened new Bancroft Fund positions in Q2 2017 and 8 closed out, a net change of -5 holders.
- The largest Bancroft Fund buyer in Q2 2017 was Wolverine Asset Management, an estimated $717K added.
- The largest Bancroft Fund seller in Q2 2017 was LPL Financial, an estimated $430K sold.
Based on aggregated 13F filings for Q2 2017.