2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev
BDCL
BDCL was delisted on the 1st of April, 2020.
17 hedge funds and large institutions have $6.34M invested in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 2 increasing their positions, 7 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
13% more funds holding
Funds holding: 15 → 17 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
69% less capital invested
Capital invested by funds: $20.2M → $6.34M (-$13.8M)
71% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$278K |
| 2 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
+$186K |
| 3 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$164K |
| 4 |
Jane Street
New York
|
+$140K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.78K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$9.06M |
| 2 |
SAM
Selway Asset Management
|
-$4.7M |
| 3 |
SAS
Stelac Advisory Services
New York
|
-$47K |
| 4 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
-$27.8K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
-$24.8K |
BDCL Hedge Fund Activity: Q1 2016 in Review
17 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 2016, worth a combined $6.34M — down 69% from $20.2M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new BDCL positions and 2 closed out — a net gain of 2 holders — while 2 added to existing stakes and 7 trimmed.
The largest buyer was Stifel Financial, opening a new position worth an estimated $278K. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $9.06M sold.
- 17 institutional investors held 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) as of Q1 2016, up from 15 in Q4 2015.
- Funds reported $6.34M of 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev stock for Q1 2016, down 69% quarter-over-quarter.
- 4 funds opened new 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev positions in Q1 2016 and 2 closed out, a net change of +2 holders.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev buyer in Q1 2016 was Stifel Financial, an estimated $278K added.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev seller in Q1 2016 was Rivernorth Capital Management, an estimated $9.06M sold.
Based on aggregated 13F filings for Q1 2016.