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 $11.5M invested in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev in 2018 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 2 increasing their positions, 4 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
15% more funds holding
Funds holding: 13 → 15 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
22% less capital invested
Capital invested by funds: $14.6M → $11.5M (-$3.18M)
50% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$346K |
| 2 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$195K |
| 3 |
Renaissance Technologies
New York
|
+$175K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$7.14K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
+$338 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Selway Asset Management
|
-$3.36M |
| 2 |
Jane Street
New York
|
-$1.07M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$89K |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$64.3K |
| 5 |
SAS
Stelac Advisory Services
New York
|
-$12.8K |
BDCL Hedge Fund Activity: Q3 2018 in Review
15 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) for Q3 2018, worth a combined $11.5M — down 22% from $14.6M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new BDCL positions and 2 closed out — a net gain of 2 holders — while 2 added to existing stakes and 4 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $346K. The largest seller was Selway Asset Management, cutting an estimated $3.36M.
- 15 institutional investors held 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) as of Q3 2018, up from 13 in Q2 2018.
- Funds reported $11.5M of 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev stock for Q3 2018, down 22% quarter-over-quarter.
- 4 funds opened new 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev positions in Q3 2018 and 2 closed out, a net change of +2 holders.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev buyer in Q3 2018 was Susquehanna International Group, an estimated $346K added.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev seller in Q3 2018 was Selway Asset Management, an estimated $3.36M sold.
Based on aggregated 13F filings for Q3 2018.