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BCV

Bancroft Fund
BCV

30 hedge funds and large institutions have $25.3M invested in Bancroft Fund in 2017 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 7 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 2 | Existing positions closed: 1

43% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 7

8% more capital invested

Capital invested by funds: $23.5M → $25.3M (+$1.81M)

3% more funds holding

Funds holding: 29 → 30 (+1)

1.35% more ownership

Funds ownership: 20.61% → 21.96% (+1.3%)

Holders
30
Holders Change
+1
Holders Change %
+3.45%
% of All Funds
0.75%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
10
Reduced
7
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$995K
2
GC
Guggenheim Capital
Illinois
+$436K
3
LCM
Landscape Capital Management
New Jersey
+$213K
4
First Trust Advisors
First Trust Advisors
Illinois
+$209K
5
WAM
Wolverine Asset Management
Illinois
+$75K

Top Sellers

Rank Fund Capital Flow
1
CRC
Curi RMB Capital
Illinois
-$187K
2
Morgan Stanley
Morgan Stanley
New York
-$150K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$137K
4
UBS Group
UBS Group
Switzerland
-$114K
5
JCM
Jacobi Capital Management
Pennsylvania
-$5.27K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
1
UBS Group
Switzerland
$6.54M -$114K -5,215 -2%
AAM
2
Advisors Asset Management
Colorado
$4.45M +$995K +45,487 +29%
Morgan Stanley
3
Morgan Stanley
New York
$3.12M -$150K -6,858 -5%
GC
4
Guggenheim Capital
Illinois
$2.57M +$436K +19,925 +20%
GCIA
5
Gabelli & Co Investment Advisers
New York
$1.21M – – –
Wells Fargo
6
Wells Fargo
California
$1.2M -$4.79K -219 -0.4%
WAM
7
Wolverine Asset Management
Illinois
$968K +$75K +3,427 +8%
RJA
8
Raymond James & Associates
Florida
$815K +$72.5K +3,314 +10%
SFS
9
Shaker Financial Services
Virginia
$602K +$27.7K +1,266 +5%
Ameriprise
10
Ameriprise
Minnesota
$589K +$33.4K +1,525 +6%
LTFS
11
Ladenburg Thalmann Financial Services
Florida
$545K +$766 +35 +0.1%
SCM
12
Saba Capital Management
New York
$350K – – –
Koshinski Asset Management
13
Koshinski Asset Management
Illinois
$266K +$21.9K +1,003 +9%
S
14
SignatureFD
Georgia
$235K – – –
IFWM
15
Institute for Wealth Management
Colorado
$234K – – –
KA
16
Kovack Advisors
Florida
$221K – – –
LCM
17
Landscape Capital Management
New Jersey
$214K +$213K +9,758 New
CRC
18
Curi RMB Capital
Illinois
$210K -$187K -8,561 -47%
First Trust Advisors
19
First Trust Advisors
Illinois
$209K +$209K +9,531 New
PNC Financial Services Group
20
PNC Financial Services Group
Pennsylvania
$182K +$65.6K +3,000 +56%
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$170K -$137K -6,251 -45%
ASN
22
Advisory Services Network
Georgia
$128K -$3.11K -142 -2%
SFSIG
23
San Francisco Sentry Investment Group
California
$66K – – –
IA
24
IFP Advisors
Florida
$48K – – –
TJHA
25
Thomas J. Herzfeld Advisors
Florida
$38K – – –
1
2

BCV Hedge Fund Activity: Q3 2017 in Review

30 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Bancroft Fund (BCV) for Q3 2017, worth a combined $25.3M — up 7.7% from $23.5M a quarter earlier.

Buyers outnumbered sellers: 2 funds opened new BCV positions and 1 closed out — a net gain of 1 holder — while 10 added to existing stakes and 7 trimmed.

The largest buyer was Advisors Asset Management, adding an estimated $995K. The largest seller was Curi RMB Capital, cutting an estimated $187K.

  • 30 institutional investors held Bancroft Fund (BCV) as of Q3 2017, up from 29 in Q2 2017.
  • Funds reported $25.3M of Bancroft Fund stock for Q3 2017, up 7.7% quarter-over-quarter.
  • 2 funds opened new Bancroft Fund positions in Q3 2017 and 1 closed out, a net change of +1 holder.
  • The largest Bancroft Fund buyer in Q3 2017 was Advisors Asset Management, an estimated $995K added.
  • The largest Bancroft Fund seller in Q3 2017 was Curi RMB Capital, an estimated $187K sold.

Based on aggregated 13F filings for Q3 2017.