UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com
BDCS
BDCS was delisted on the 25th of November, 2020.
28 hedge funds and large institutions have $20.6M invested in UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com in 2018 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 6 reducing their positions, and 7 closing their positions.
83% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 6
14% more capital invested
Capital invested by funds: $18M → $20.6M (+$2.56M)
7% less funds holding
Funds holding: 30 → 28 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$6.33M |
| 2 |
Jane Street
New York
|
+$709K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$669K |
| 4 |
HH
Hilltop Holdings
Dallas,
Texas
|
+$459K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$340K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFP
Mosaic Financial Partners
San Francisco,
California
|
-$1.63M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.14M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$774K |
| 4 |
CAS
Cue Advisory Services
Phoenix,
Arizona
|
-$661K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$636K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GRP
26
Global Retirement Partners
San Rafael,
California
| $11K | – | – | – |
|
|
AAM
27
Advisors Asset Management
Monument,
Colorado
| $5K | – | – | – |
|
|
MFP
28
Mosaic Financial Partners
San Francisco,
California
| – | -$1.63M | -78,303 | Closed |
|
|
RCM
29
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$1.14M | -55,000 | Closed |
|
|
CAS
30
Cue Advisory Services
Phoenix,
Arizona
| – | -$661K | -31,850 | Closed |
|
|
PAG
31
Private Advisor Group
Morristown,
New Jersey
| – | -$499K | -24,000 | Closed |
|
32
LPL Financial
San Diego,
California
| – | -$387K | -18,625 | Closed |
|
|
CA
33
Calton & Associates
Tampa,
Florida
| – | -$13K | -634 | Closed |
|
|
VIA
34
Vantage Investment Advisors
State College,
Pennsylvania
| – | -$1K | -35 | Closed |
|
BDCS Hedge Fund Activity: Q1 2018 in Review
28 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com (BDCS) for Q1 2018, worth a combined $20.6M — up 14% from $18M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of BDCS and 5 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 11 added.
The largest buyer was Ameriprise, adding an estimated $6.33M. The largest seller was Mosaic Financial Partners, exiting entirely with an estimated $1.63M sold.
- 28 institutional investors held UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com (BDCS) as of Q1 2018, down from 30 in Q4 2017.
- Funds reported $20.6M of UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com stock for Q1 2018, up 14% quarter-over-quarter.
- 5 funds opened new UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com positions in Q1 2018 and 7 closed out, a net change of -2 holders.
- The largest UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com buyer in Q1 2018 was Ameriprise, an estimated $6.33M added.
- The largest UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com seller in Q1 2018 was Mosaic Financial Partners, an estimated $1.63M sold.
Based on aggregated 13F filings for Q1 2018.