2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev
BDCL
BDCL was delisted on the 1st of April, 2020.
13 hedge funds and large institutions have $11.4M invested in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev in 2019 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 5 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
11% more capital invested
Capital invested by funds: $10.3M → $11.4M (+$1.14M)
13% less funds holding
Funds holding: 15 → 13 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.29M |
| 2 |
Jane Street
New York
|
+$371K |
| 3 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$216K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$170K |
| 5 |
MCM
McMillion Capital Management
Greensboro,
North Carolina
|
+$1.44K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$541K |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$198K |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$193K |
| 4 |
TC
TownSquare Capital
Provo,
Utah
|
-$142K |
| 5 |
SAM
Selway Asset Management
|
-$74.8K |
BDCL Hedge Fund Activity: Q4 2019 in Review
13 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) for Q4 2019, worth a combined $11.4M — up 11% from $10.3M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of BDCL and 3 opened new positions — a net loss of 2 holders — while 2 trimmed existing stakes and 3 added.
The largest buyer was Susquehanna International Group, adding an estimated $1.29M. The largest seller was Renaissance Technologies, exiting entirely with an estimated $541K sold.
- 13 institutional investors held 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev (BDCL) as of Q4 2019, down from 15 in Q3 2019.
- Funds reported $11.4M of 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev stock for Q4 2019, up 11% quarter-over-quarter.
- 3 funds opened new 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev positions in Q4 2019 and 5 closed out, a net change of -2 holders.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev buyer in Q4 2019 was Susquehanna International Group, an estimated $1.29M added.
- The largest 2Leveraged Long ETRACS Linked to the Wells Fargo Business Dev seller in Q4 2019 was Renaissance Technologies, an estimated $541K sold.
Based on aggregated 13F filings for Q4 2019.