2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev
BDCL
BDCL was delisted on the 1st of April, 2020.
16 hedge funds and large institutions have $11.5M invested in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev in 2019 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 2 increasing their positions, 3 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
14% more funds holding
Funds holding: 14 → 16 (+2)
6% more capital invested
Capital invested by funds: $10.8M → $11.5M (+$701K)
33% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$758K |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$270K |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$192K |
| 4 |
Jane Street
New York
|
+$144K |
| 5 |
HIS
Harvest Investment Services
Oakbrook Terrace,
Illinois
|
+$30.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAS
Stelac Advisory Services
New York
|
-$503K |
| 2 |
SAM
Selway Asset Management
|
-$217K |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$43.9K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$39K |
| 5 |
TC
TownSquare Capital
Provo,
Utah
|
-$23.6K |
BDCL Hedge Fund Activity: Q2 2019 in Review
16 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) for Q2 2019, worth a combined $11.5M — up 6.5% from $10.8M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new BDCL positions and 3 closed out — a net gain of 2 holders — while 2 added to existing stakes and 3 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $758K. The largest seller was Stelac Advisory Services, exiting entirely with an estimated $503K sold.
- 16 institutional investors held 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) as of Q2 2019, up from 14 in Q1 2019.
- Funds reported $11.5M of 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev stock for Q2 2019, up 6.5% quarter-over-quarter.
- 5 funds opened new 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev positions in Q2 2019 and 3 closed out, a net change of +2 holders.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev buyer in Q2 2019 was Susquehanna International Group, an estimated $758K added.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev seller in Q2 2019 was Stelac Advisory Services, an estimated $503K sold.
Based on aggregated 13F filings for Q2 2019.