2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev
BDCL
BDCL was delisted on the 1st of April, 2020.
15 hedge funds and large institutions have $23.8M invested in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev in 2015 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
50% more funds holding
Funds holding: 10 → 15 (+5)
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
20% less capital invested
Capital invested by funds: $29.9M → $23.8M (-$6.06M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Selway Asset Management
|
+$755K |
| 2 |
Jane Street
New York
|
+$369K |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$298K |
| 4 |
CAD
Craig A. Drill
|
+$192K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$106K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACP
Aviance Capital Partners
Naples,
Florida
|
-$403K |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$381K |
| 3 |
SAS
Stelac Advisory Services
New York
|
-$30.9K |
| 4 |
W
Wealthfront
Palo Alto,
California
|
-$8K |
BDCL Hedge Fund Activity: Q3 2015 in Review
15 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) for Q3 2015, worth a combined $23.8M — down 20% from $29.9M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new BDCL positions and 2 closed out — a net gain of 5 holders — while 3 added to existing stakes and 2 trimmed.
The largest buyer was Selway Asset Management, adding an estimated $755K. The largest seller was Aviance Capital Partners, exiting entirely with an estimated $403K sold.
- 15 institutional investors held 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) as of Q3 2015, up from 10 in Q2 2015.
- Funds reported $23.8M of 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev stock for Q3 2015, down 20% quarter-over-quarter.
- 7 funds opened new 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev positions in Q3 2015 and 2 closed out, a net change of +5 holders.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev buyer in Q3 2015 was Selway Asset Management, an estimated $755K added.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev seller in Q3 2015 was Aviance Capital Partners, an estimated $403K sold.
Based on aggregated 13F filings for Q3 2015.