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 $6.04M invested in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev in 2016 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 5 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less capital invested
Capital invested by funds: $6.34M → $6.04M (-$303K)
12% less funds holding
Funds holding: 17 → 15 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
67% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Selway Asset Management
|
+$73.3K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$30.9K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$19.1K |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
+$6.59K |
| 5 |
FANJ
Financial Architects (New Jersey)
Marlton,
New Jersey
|
+$3.19K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
-$323K |
| 2 |
Jane Street
New York
|
-$163K |
| 3 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
-$67.7K |
| 4 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
-$30.7K |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$23K |
BDCL Hedge Fund Activity: Q2 2016 in Review
15 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) for Q2 2016, worth a combined $6.04M — down 4.8% from $6.34M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of BDCL and 3 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 2 added.
The largest buyer was Selway Asset Management, adding an estimated $73.3K. The largest seller was Stifel Financial, exiting entirely with an estimated $323K sold.
- 15 institutional investors held 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) as of Q2 2016, down from 17 in Q1 2016.
- Funds reported $6.04M of 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev stock for Q2 2016, down 4.8% quarter-over-quarter.
- 3 funds opened new 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev positions in Q2 2016 and 5 closed out, a net change of -2 holders.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev buyer in Q2 2016 was Selway Asset Management, an estimated $73.3K added.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev seller in Q2 2016 was Stifel Financial, an estimated $323K sold.
Based on aggregated 13F filings for Q2 2016.