2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev
BDCL
BDCL was delisted on the 1st of April, 2020.
12 hedge funds and large institutions have $22.4M invested in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev in 2015 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 4 reducing their positions, and 2 closing their positions.
2% less capital invested
Capital invested by funds: $22.9M → $22.4M (-$534K)
8% less funds holding
Funds holding: 13 → 12 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
75% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$238K |
| 2 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
+$19.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.3M |
| 2 |
ACP
Aviance Capital Partners
Naples,
Florida
|
-$152K |
| 3 |
Morgan Stanley
New York
|
-$103K |
| 4 |
AIG
American International Group
New York
|
-$4.29K |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$177 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RCM
1
Rivernorth Capital Management
West Palm Beach,
Florida
| $20.6M | -$1.3M | -61,019 | -6% |
|
|
ACP
2
Aviance Capital Partners
Naples,
Florida
| $614K | -$152K | -7,111 | -20% |
|
|
SAS
3
Stelac Advisory Services
New York
| $512K | – | – | – |
|
|
4
Jane Street
New York
| $247K | +$238K | +11,148 | New |
|
|
AWA
5
Arete Wealth Advisors
Chicago,
Illinois
| $241K | +$19.2K | +900 | +9% |
|
|
6
Morgan Stanley
New York
| $62K | -$103K | -4,817 | -63% |
|
|
TWA
7
TCI Wealth Advisors
Tucson,
Arizona
| $33K | – | – | – |
|
|
LTFS
8
Ladenburg Thalmann Financial Services
Miami,
Florida
| $25K | – | – | – |
|
9
Creative Planning
Overland Park,
Kansas
| $18K | – | – | – |
|
|
CFA
10
Carroll Financial Associates
Charlotte,
North Carolina
| $7K | – | – | – |
|
|
BRWA
11
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$177 | -8,264 | Closed |
|
|
AIG
12
American International Group
New York
| – | -$4.29K | -200 | Closed |
|
13
Wells Fargo
San Francisco,
California
| – | -$21 | -1 | -50% |
|
BDCL Hedge Fund Activity: Q1 2015 in Review
12 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) for Q1 2015, worth a combined $22.4M — down 2.3% from $22.9M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of BDCL and 1 opened new positions — a net loss of 1 holder — while 4 trimmed existing stakes and 1 added.
The largest buyer was Jane Street, opening a new position worth an estimated $238K. The largest seller was Rivernorth Capital Management, cutting an estimated $1.3M.
- 12 institutional investors held 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) as of Q1 2015, down from 13 in Q4 2014.
- Funds reported $22.4M of 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev stock for Q1 2015, down 2.3% quarter-over-quarter.
- 1 fund opened new 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev positions in Q1 2015 and 2 closed out, a net change of -1 holder.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev buyer in Q1 2015 was Jane Street, an estimated $238K added.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev seller in Q1 2015 was Rivernorth Capital Management, an estimated $1.3M sold.
Based on aggregated 13F filings for Q1 2015.