2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev
BDCL
BDCL was delisted on the 1st of April, 2020.
11 hedge funds and large institutions have $2.69M invested in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev in 2014 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 4 increasing their positions, 1 reducing their positions, and 4 closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 1
5% more capital invested
Capital invested by funds: $2.57M → $2.69M (+$121K)
21% less funds holding
Funds holding: 14 → 11 (-3)
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$350K |
| 2 |
ACP
Aviance Capital Partners
Naples,
Florida
|
+$182K |
| 3 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
+$150K |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$51.9K |
| 5 |
AIG
American International Group
New York
|
+$4.32K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$227K |
| 2 |
Jane Street
New York
|
-$224K |
| 3 |
PMFA
Plante Moran Financial Advisors
Southfield,
Michigan
|
-$15K |
| 4 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$11.8K |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACP
1
Aviance Capital Partners
Naples,
Florida
| $1.38M | +$182K | +6,300 | +15% |
|
|
CFA
2
Carroll Financial Associates
Charlotte,
North Carolina
| $365K | +$150K | +5,200 | +67% |
|
|
3
Morgan Stanley
New York
| $347K | +$350K | +12,142 | +6,195% |
|
|
BRWA
4
B. Riley Wealth Advisors
Boca Raton,
Florida
| $266K | -$11.8K | -410 | -4% |
|
|
AIG
5
American International Group
New York
| $226K | +$4.32K | +150 | +2% |
|
|
U
6
UBS
Zurich,
Switzerland
| $51K | +$51.9K | +1,800 | New |
|
|
TWA
7
TCI Wealth Advisors
Tucson,
Arizona
| $32K | – | – | – |
|
|
LTFS
8
Ladenburg Thalmann Financial Services
Miami,
Florida
| $10K | – | – | – |
|
|
MIM
9
Macroview Investment Management
Bethesda,
Maryland
| $10K | – | – | – |
|
|
MFS
10
MSI Financial Services
Springfield,
Massachusetts
| $5K | – | – | – |
|
|
CAN
11
Cetera Advisor Networks
El Segundo,
California
| – | -$227K | -7,600 | Closed |
|
|
12
Jane Street
New York
| – | -$224K | -7,501 | Closed |
|
|
PMFA
13
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$15K | -518 | Closed |
|
|
14
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$4K | -122 | Closed |
|
BDCL Hedge Fund Activity: Q1 2014 in Review
11 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) for Q1 2014, worth a combined $2.69M — up 4.7% from $2.57M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of BDCL and 1 opened new positions — a net loss of 3 holders — while 1 trimmed existing stakes and 4 added.
The largest buyer was Morgan Stanley, adding an estimated $350K. The largest seller was Cetera Advisor Networks, exiting entirely with an estimated $227K sold.
- 11 institutional investors held 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) as of Q1 2014, down from 14 in Q4 2013.
- Funds reported $2.69M of 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev stock for Q1 2014, up 4.7% quarter-over-quarter.
- 1 fund opened new 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev positions in Q1 2014 and 4 closed out, a net change of -3 holders.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev buyer in Q1 2014 was Morgan Stanley, an estimated $350K added.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev seller in Q1 2014 was Cetera Advisor Networks, an estimated $227K sold.
Based on aggregated 13F filings for Q1 2014.