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 $8.23M invested in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 4 increasing their positions, 5 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
36% more capital invested
Capital invested by funds: $6.04M → $8.23M (+$2.2M)
13% more funds holding
Funds holding: 15 → 17 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
20% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAS
Stelac Advisory Services
New York
|
+$978K |
| 2 |
FCH
Freestone Capital Holdings
Seattle,
Washington
|
+$886K |
| 3 |
Jane Street
New York
|
+$181K |
| 4 |
Morgan Stanley
New York
|
+$75.7K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$36.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
-$535K |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$97K |
| 3 |
SAM
Selway Asset Management
|
-$30.7K |
| 4 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$18.1K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$18K |
BDCL Hedge Fund Activity: Q3 2016 in Review
17 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 Q3 2016, worth a combined $8.23M — up 36% from $6.04M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new BDCL positions and 2 closed out — a net gain of 2 holders — while 4 added to existing stakes and 5 trimmed.
The largest buyer was Stelac Advisory Services, adding an estimated $978K. The largest seller was Carroll Financial Associates, cutting an estimated $535K.
- 17 institutional investors held 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) as of Q3 2016, up from 15 in Q2 2016.
- Funds reported $8.23M of 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev stock for Q3 2016, up 36% quarter-over-quarter.
- 4 funds opened new 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev positions in Q3 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 Q3 2016 was Stelac Advisory Services, an estimated $978K added.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev seller in Q3 2016 was Carroll Financial Associates, an estimated $535K sold.
Based on aggregated 13F filings for Q3 2016.