2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev
BDCL
BDCL was delisted on the 1st of April, 2020.
18 hedge funds and large institutions have $9.7M invested in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev in 2017 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 5 reducing their positions, and 4 closing their positions.
40% more capital inflows, than outflows
Capital inflows: $1.83M | Capital outflows: $1.3M
0.05% more ownership
Funds ownership: 3.52% → 3.58% (+0.05%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 5
10% less funds holding
Funds holding: 20 → 18 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Selway Asset Management
|
+$1.25M |
| 2 |
AIA
Allegis Investment Advisors
Idaho Falls,
Idaho
|
+$299K |
| 3 |
Tiller Private Wealth
Bethlehem,
Pennsylvania
|
+$250K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$25.5K |
| 5 |
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mariner Independent Advisor Network
Overland Park,
Kansas
|
-$598K |
| 2 |
Two Sigma Securities
New York
|
-$286K |
| 3 |
Buffington Mohr McNeal
Boise,
Idaho
|
-$238K |
| 4 |
Creative Planning
Overland Park,
Kansas
|
-$135K |
| 5 |
Stelac Advisory Services
New York
|
-$27.9K |
BDCL Hedge Fund Activity: Q2 2017 in Review
18 of the 4,023 institutional investors tracked by Wall St. Rank reported a position in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) for Q2 2017, worth a combined $9.7M — down 3% from $10M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of BDCL and 2 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 5 added.
The largest buyer was Selway Asset Management, adding an estimated $1.25M. The largest seller was Mariner Independent Advisor Network, exiting entirely with an estimated $598K sold.
- 18 institutional investors held 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) as of Q2 2017, down from 20 in Q1 2017.
- Funds reported $9.7M of 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev stock for Q2 2017, down 3% quarter-over-quarter.
- 2 funds opened new 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev positions in Q2 2017 and 4 closed out, a net change of -2 holders.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev buyer in Q2 2017 was Selway Asset Management, an estimated $1.25M added.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev seller in Q2 2017 was Mariner Independent Advisor Network, an estimated $598K sold.
Based on aggregated 13F filings for Q2 2017.