2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev
BDCL
BDCL was delisted on the 1st of April, 2020.
14 hedge funds and large institutions have $10.8M invested in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 2 increasing their positions, 2 reducing their positions, and 5 closing their positions.
20% more capital invested
Capital invested by funds: $9.05M → $10.8M (+$1.79M)
0% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 2
7% less funds holding
Funds holding: 15 → 14 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$3.59M |
| 2 |
Jane Street
New York
|
+$237K |
| 3 |
TC
TownSquare Capital
Provo,
Utah
|
+$81.5K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$37.5K |
| 5 |
LFA
Legacy Financial Advisors
Covington,
Kentucky
|
+$10.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Selway Asset Management
|
-$3.24M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$118K |
| 3 |
HIS
Harvest Investment Services
Oakbrook Terrace,
Illinois
|
-$60K |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$40K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
-$7K |
BDCL Hedge Fund Activity: Q1 2019 in Review
14 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) for Q1 2019, worth a combined $10.8M — up 20% from $9.05M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of BDCL and 4 opened new positions — a net loss of 1 holder — while 2 trimmed existing stakes and 2 added.
The largest buyer was Claybrook Capital, opening a new position worth an estimated $3.59M. The largest seller was Selway Asset Management, cutting an estimated $3.24M.
- 14 institutional investors held 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) as of Q1 2019, down from 15 in Q4 2018.
- Funds reported $10.8M of 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev stock for Q1 2019, up 20% quarter-over-quarter.
- 4 funds opened new 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev positions in Q1 2019 and 5 closed out, a net change of -1 holder.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev buyer in Q1 2019 was Claybrook Capital, an estimated $3.59M added.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev seller in Q1 2019 was Selway Asset Management, an estimated $3.24M sold.
Based on aggregated 13F filings for Q1 2019.