2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev
BDCL
BDCL was delisted on the 1st of April, 2020.
20 hedge funds and large institutions have $10M invested in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev in 2017 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 4 increasing their positions, 2 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
100% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 2
33% more funds holding
Funds holding: 15 → 20 (+5)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
23% less capital invested
Capital invested by funds: $13M → $10M (-$3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
+$567K |
| 2 |
AIA
Allegis Investment Advisors
Idaho Falls,
Idaho
|
+$355K |
| 3 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$284K |
| 4 |
TSS
Two Sigma Securities
New York
|
+$271K |
| 5 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
+$239K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$3.16M |
| 2 |
FCH
Freestone Capital Holdings
Seattle,
Washington
|
-$2.36M |
| 3 |
SAM
Selway Asset Management
|
-$663K |
| 4 |
FANJ
Financial Architects (New Jersey)
Marlton,
New Jersey
|
-$2.05K |
| 5 |
NFG
Next Financial Group
Houston,
Texas
|
-$2K |
BDCL Hedge Fund Activity: Q1 2017 in Review
20 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) for Q1 2017, worth a combined $10M — down 23% from $13M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new BDCL positions and 4 closed out — a net gain of 5 holders — while 4 added to existing stakes and 2 trimmed.
The largest buyer was Mariner Independent Advisor Network, opening a new position worth an estimated $567K. The largest seller was Jane Street, exiting entirely with an estimated $3.16M sold.
- 20 institutional investors held 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) as of Q1 2017, up from 15 in Q4 2016.
- Funds reported $10M of 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev stock for Q1 2017, down 23% quarter-over-quarter.
- 9 funds opened new 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev positions in Q1 2017 and 4 closed out, a net change of +5 holders.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev buyer in Q1 2017 was Mariner Independent Advisor Network, an estimated $567K added.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev seller in Q1 2017 was Jane Street, an estimated $3.16M sold.
Based on aggregated 13F filings for Q1 2017.