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BDCL

2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev

Delisted

BDCL was delisted on the 1st of April, 2020.

18 hedge funds and large institutions have $9.72M 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.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0% more repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 5

3% less capital invested

Capital invested by funds: $10M → $9.72M (-$297K)

10% less funds holding

Funds holding: 2018 (-2)

50% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 4

Holders
18
Holders Change
-2
Holders Change %
-10%
% of All Funds
0.45%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
2
Increased
5
Reduced
5
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SAM
1
Selway Asset Management
$6.51M +$1.25M +62,500 +23%
SAS
2
Stelac Advisory Services
New York
$1.36M -$27.9K -1,395 -2%
AIA
3
Allegis Investment Advisors
Idaho
$636K +$299K +14,934 +86%
BRWA
4
B. Riley Wealth Advisors
Florida
$268K -$5.14K -257 -2%
TPW
5
Tiller Private Wealth
Pennsylvania
$246K +$250K +12,475 New
SPC
6
Sigma Planning Corp
Michigan
$225K -$4.66K -233 -2%
DZ Bank
7
DZ Bank
Germany
$197K
Envestnet Asset Management
8
Envestnet Asset Management
Illinois
$114K
Morgan Stanley
9
Morgan Stanley
New York
$84K -$4.76K -238 -5%
UBS Group
10
UBS Group
Switzerland
$25K +$25.5K +1,275 New
LTFS
11
Ladenburg Thalmann Financial Services
Florida
$17K +$7K +350 +66%
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$16K
IA
13
IFP Advisors
Florida
$10K +$340 +17 +4%
CFA
14
Carroll Financial Associates
North Carolina
$3K
FANJ
15
Financial Architects (New Jersey)
New Jersey
$2K
MIAN
16
Mariner Independent Advisor Network
Kansas
-$598K -27,619 Closed
TSS
17
Two Sigma Securities
New York
-$286K -13,207 Closed
BMM
18
Buffington Mohr McNeal
Idaho
-$238K -10,986 Closed
Creative Planning
19
Creative Planning
Kansas
-$135K -6,750 -100%
AG
20
Advisor Group
Arizona
-$5K -216 Closed
Wells Fargo
21
Wells Fargo
California
+$100 +5 +500%

BDCL Hedge Fund Activity: Q2 2017 in Review

18 of the 4,011 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 $9.72M — 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 $9.72M 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.