Bancroft Fund
BCV
31 hedge funds and large institutions have $28.9M invested in Bancroft Fund in 2018 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 17 increasing their positions, 9 reducing their positions, and 7 closing their positions.
89% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 9
1.2% more ownership
Funds ownership: 28.05% → 29.25% (+1.2%)
11% less funds holding
Funds holding: 35 → 31 (-4)
15% less capital invested
Capital invested by funds: $34.1M → $28.9M (-$5.18M)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$775K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$667K |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$540K |
| 4 |
Cohen & Steers
New York
|
+$418K |
| 5 |
Morgan Stanley
New York
|
+$298K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.1M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$475K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$434K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$222K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$216K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QCIG
26
Quad-Cities Investment Group
Davenport,
Iowa
| $24K | -$19.7K | -970 | -43% |
|
|
BFEC
27
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $23K | +$2.01K | +99 | +9% |
|
28
Bank of America
Charlotte,
North Carolina
| $19K | +$4.99K | +246 | +32% |
|
|
CFGS
29
Concourse Financial Group Securities
Birmingham,
Alabama
| $18K | +$20.4K | +1,007 | New |
|
|
BBPWM
30
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $10K | -$33.8K | -1,668 | -76% |
|
|
TCOV
31
Trust Company of Vermont
Brattleboro,
Vermont
| $9K | – | – | – |
|
|
PMFA
32
Plante Moran Financial Advisors
Southfield,
Michigan
| $2K | +$1.83K | +90 | New |
|
|
WAM
33
Wolverine Asset Management
Chicago,
Illinois
| – | -$1.1M | -48,172 | Closed |
|
|
DA
34
Doliver Advisors
Houston,
Texas
| – | -$222K | -9,708 | Closed |
|
|
35
First Trust Advisors
Wheaton,
Illinois
| – | -$216K | -9,418 | Closed |
|
|
S
36
SignatureFD
Atlanta,
Georgia
| – | -$206K | -9,000 | Closed |
|
|
AA
37
Ancora Advisors
Cleveland,
Ohio
| – | -$34K | -1,500 | Closed |
|
38
US Bancorp
Minneapolis,
Minnesota
| – | -$5K | -208 | Closed |
|
BCV Hedge Fund Activity: Q4 2018 in Review
31 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Bancroft Fund (BCV) for Q4 2018, worth a combined $28.9M — down 15% from $34.1M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of BCV and 3 opened new positions — a net loss of 4 holders — while 9 trimmed existing stakes and 17 added.
The largest buyer was Royal Bank of Canada, adding an estimated $775K. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $1.1M sold.
- 31 institutional investors held Bancroft Fund (BCV) as of Q4 2018, down from 35 in Q3 2018.
- Funds reported $28.9M of Bancroft Fund stock for Q4 2018, down 15% quarter-over-quarter.
- 3 funds opened new Bancroft Fund positions in Q4 2018 and 7 closed out, a net change of -4 holders.
- The largest Bancroft Fund buyer in Q4 2018 was Royal Bank of Canada, an estimated $775K added.
- The largest Bancroft Fund seller in Q4 2018 was Wolverine Asset Management, an estimated $1.1M sold.
Based on aggregated 13F filings for Q4 2018.