2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev
BDCL
BDCL was delisted on the 1st of April, 2020.
13 hedge funds and large institutions have $22.9M invested in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev in 2014 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 4 reducing their positions, and 1 closing their positions.
696% more capital invested
Capital invested by funds: $2.88M → $22.9M (+$20M)
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
25% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 4
0% more funds holding
Funds holding: 13 → 13 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$22.4M |
| 2 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
+$227K |
| 3 |
SAS
Stelac Advisory Services
New York
|
+$220K |
| 4 |
Morgan Stanley
New York
|
+$80.6K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$17.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
-$565K |
| 2 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$204K |
| 3 |
ACP
Aviance Capital Partners
Naples,
Florida
|
-$204K |
| 4 |
AIG
American International Group
New York
|
-$167K |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$101K |
BDCL Hedge Fund Activity: Q4 2014 in Review
13 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) for Q4 2014, worth a combined $22.9M — up 696% from $2.88M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new BDCL positions and 1 closed out — a net gain of 2 holders — while 5 added to existing stakes and 4 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $22.4M. The largest seller was Carroll Financial Associates, cutting an estimated $565K.
- 13 institutional investors held 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) as of Q4 2014, unchanged from Q3 2014.
- Funds reported $22.9M of 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev stock for Q4 2014, up 696% quarter-over-quarter.
- 3 funds opened new 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev positions in Q4 2014 and 1 closed out, a net change of +2 holders.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev buyer in Q4 2014 was Rivernorth Capital Management, an estimated $22.4M added.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev seller in Q4 2014 was Carroll Financial Associates, an estimated $565K sold.
Based on aggregated 13F filings for Q4 2014.