2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev
BDCL
BDCL was delisted on the 1st of April, 2020.
10 hedge funds and large institutions have $29.9M invested in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev in 2015 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 4 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
34% more capital invested
Capital invested by funds: $22.4M → $29.9M (+$7.5M)
17% less funds holding
Funds holding: 12 → 10 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Selway Asset Management
|
+$12.1M |
| 2 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
+$731K |
| 3 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
+$42.8K |
| 4 |
SAS
Stelac Advisory Services
New York
|
+$36.2K |
| 5 |
W
Wealthfront
Palo Alto,
California
|
+$8.59K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.53M |
| 2 |
Jane Street
New York
|
-$247K |
| 3 |
ACP
Aviance Capital Partners
Naples,
Florida
|
-$169K |
| 4 |
Morgan Stanley
New York
|
-$62K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
-$18K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RCM
1
Rivernorth Capital Management
West Palm Beach,
Florida
| $16.5M | -$2.53M | -118,310 | -13% |
|
|
SAM
2
Selway Asset Management
| $11.5M | +$12.1M | +563,195 | New |
|
|
CFA
3
Carroll Financial Associates
Charlotte,
North Carolina
| $701K | +$731K | +34,150 | +11,383% |
|
|
SAS
4
Stelac Advisory Services
New York
| $498K | +$36.2K | +1,692 | +7% |
|
|
ACP
5
Aviance Capital Partners
Naples,
Florida
| $403K | -$169K | -7,879 | -28% |
|
|
AWA
6
Arete Wealth Advisors
Chicago,
Illinois
| $264K | +$42.8K | +2,000 | +18% |
|
|
TWA
7
TCI Wealth Advisors
Tucson,
Arizona
| $31K | – | – | – |
|
|
LTFS
8
Ladenburg Thalmann Financial Services
Miami,
Florida
| $23K | – | – | – |
|
|
W
9
Wealthfront
Palo Alto,
California
| $8K | +$8.59K | +401 | New |
|
|
10
Jane Street
New York
| – | -$247K | -11,148 | Closed |
|
|
11
Morgan Stanley
New York
| – | -$62K | -2,801 | Closed |
|
|
12
Creative Planning
Overland Park,
Kansas
| – | -$18K | -800 | Closed |
|
13
Wells Fargo
San Francisco,
California
| – | -$21 | -1 | Closed |
|
BDCL Hedge Fund Activity: Q2 2015 in Review
10 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) for Q2 2015, worth a combined $29.9M — up 34% from $22.4M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of BDCL and 2 opened new positions — a net loss of 2 holders — while 2 trimmed existing stakes and 3 added.
The largest buyer was Selway Asset Management, opening a new position worth an estimated $12.1M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.53M.
- 10 institutional investors held 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) as of Q2 2015, down from 12 in Q1 2015.
- Funds reported $29.9M of 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev stock for Q2 2015, up 34% quarter-over-quarter.
- 2 funds opened new 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev positions in Q2 2015 and 4 closed out, a net change of -2 holders.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev buyer in Q2 2015 was Selway Asset Management, an estimated $12.1M added.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev seller in Q2 2015 was Rivernorth Capital Management, an estimated $2.53M sold.
Based on aggregated 13F filings for Q2 2015.