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 $14.4M invested in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev in 2018 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 5 reducing their positions, and 5 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
17% less capital invested
Capital invested by funds: $17.3M → $14.4M (-$2.9M)
21% less funds holding
Funds holding: 19 → 15 (-4)
40% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 5
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$1.54M |
| 2 |
Morgan Stanley
New York
|
+$30.9K |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$18K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$15 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$855K |
| 2 |
SAM
Selway Asset Management
|
-$771K |
| 3 |
ICM
Ionic Capital Management
New York
|
-$588K |
| 4 |
TPW
Tiller Private Wealth
Bethlehem,
Pennsylvania
|
-$264K |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$211K |
BDCL Hedge Fund Activity: Q1 2018 in Review
15 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) for Q1 2018, worth a combined $14.4M — down 17% from $17.3M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of BDCL and 1 opened new positions — a net loss of 4 holders — while 5 trimmed existing stakes and 3 added.
The largest buyer was Claybrook Capital, adding an estimated $1.54M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $855K sold.
- 15 institutional investors held 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) as of Q1 2018, down from 19 in Q4 2017.
- Funds reported $14.4M of 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev stock for Q1 2018, down 17% quarter-over-quarter.
- 1 fund opened new 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev positions in Q1 2018 and 5 closed out, a net change of -4 holders.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev buyer in Q1 2018 was Claybrook Capital, an estimated $1.54M added.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev seller in Q1 2018 was Rivernorth Capital Management, an estimated $855K sold.
Based on aggregated 13F filings for Q1 2018.