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 $13M invested in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev in 2016 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 3 reducing their positions, and 4 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 3
58% more capital invested
Capital invested by funds: $8.23M → $13M (+$4.79M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
12% less funds holding
Funds holding: 17 → 15 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$2.75M |
| 2 |
FCH
Freestone Capital Holdings
Seattle,
Washington
|
+$1.29M |
| 3 |
SAM
Selway Asset Management
|
+$407K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$106K |
| 5 |
SAS
Stelac Advisory Services
New York
|
+$81K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
-$216K |
| 2 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$215K |
| 3 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
-$84K |
| 4 |
Morgan Stanley
New York
|
-$39.5K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
-$38K |
BDCL Hedge Fund Activity: Q4 2016 in Review
15 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) for Q4 2016, worth a combined $13M — up 58% from $8.23M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of BDCL and 2 opened new positions — a net loss of 2 holders — while 3 trimmed existing stakes and 6 added.
The largest buyer was Jane Street, adding an estimated $2.75M. The largest seller was Sigma Planning Corp, exiting entirely with an estimated $216K sold.
- 15 institutional investors held 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) as of Q4 2016, down from 17 in Q3 2016.
- Funds reported $13M of 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev stock for Q4 2016, up 58% quarter-over-quarter.
- 2 funds opened new 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev positions in Q4 2016 and 4 closed out, a net change of -2 holders.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev buyer in Q4 2016 was Jane Street, an estimated $2.75M added.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev seller in Q4 2016 was Sigma Planning Corp, an estimated $216K sold.
Based on aggregated 13F filings for Q4 2016.