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 $10.3M invested in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev in 2019 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 4 reducing their positions, and 4 closing their positions.
6% less funds holding
Funds holding: 16 → 15 (-1)
11% less capital invested
Capital invested by funds: $11.5M → $10.3M (-$1.24M)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
25% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$522K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$481K |
| 3 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$55.3K |
| 4 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$48.5K |
| 5 |
HIS
Harvest Investment Services
Oakbrook Terrace,
Illinois
|
+$41.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Selway Asset Management
|
-$1.21M |
| 2 |
TC
TownSquare Capital
Provo,
Utah
|
-$993K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$273K |
| 4 |
Jane Street
New York
|
-$90.7K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$17.3K |
BDCL Hedge Fund Activity: Q3 2019 in Review
15 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) for Q3 2019, worth a combined $10.3M — down 11% from $11.5M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of BDCL and 3 opened new positions — a net loss of 1 holder — while 4 trimmed existing stakes and 3 added.
The largest buyer was Renaissance Technologies, opening a new position worth an estimated $522K. The largest seller was Selway Asset Management, cutting an estimated $1.21M.
- 15 institutional investors held 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) as of Q3 2019, down from 16 in Q2 2019.
- Funds reported $10.3M of 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev stock for Q3 2019, down 11% quarter-over-quarter.
- 3 funds opened new 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev positions in Q3 2019 and 4 closed out, a net change of -1 holder.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev buyer in Q3 2019 was Renaissance Technologies, an estimated $522K added.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev seller in Q3 2019 was Selway Asset Management, an estimated $1.21M sold.
Based on aggregated 13F filings for Q3 2019.