2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev
BDCL
BDCL was delisted on the 1st of April, 2020.
19 hedge funds and large institutions have $17.3M invested in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev in 2017 Q4 according to their latest regulatory filings, with 5 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
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
22% more capital invested
Capital invested by funds: $14.2M → $17.3M (+$3.11M)
6% more funds holding
Funds holding: 18 → 19 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Selway Asset Management
|
+$2.41M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$879K |
| 3 |
ICM
Ionic Capital Management
New York
|
+$604K |
| 4 |
US Bancorp
Minneapolis,
Minnesota
|
+$11K |
| 5 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
+$10.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAS
Stelac Advisory Services
New York
|
-$354K |
| 2 |
VF
Virtu Financial
New York
|
-$232K |
| 3 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
-$187K |
| 4 |
BF
BOK Financial
Tulsa,
Oklahoma
|
-$33K |
| 5 |
Morgan Stanley
New York
|
-$7.95K |
BDCL Hedge Fund Activity: Q4 2017 in Review
19 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) for Q4 2017, worth a combined $17.3M — up 22% from $14.2M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new BDCL positions and 4 closed out — a net gain of 1 holder — while 6 added to existing stakes and 3 trimmed.
The largest buyer was Selway Asset Management, adding an estimated $2.41M. The largest seller was Stelac Advisory Services, cutting an estimated $354K.
- 19 institutional investors held 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) as of Q4 2017, up from 18 in Q3 2017.
- Funds reported $17.3M of 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev stock for Q4 2017, up 22% quarter-over-quarter.
- 5 funds opened new 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev positions in Q4 2017 and 4 closed out, a net change of +1 holder.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev buyer in Q4 2017 was Selway Asset Management, an estimated $2.41M added.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev seller in Q4 2017 was Stelac Advisory Services, an estimated $354K sold.
Based on aggregated 13F filings for Q4 2017.