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.
30 hedge funds and large institutions have $30.1M invested in UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com in 2019 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 13 increasing their positions, 8 reducing their positions, and 5 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 8
25% more capital invested
Capital invested by funds: $24.1M → $30.1M (+$6M)
17% less funds holding
Funds holding: 36 → 30 (-6)
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Natixis Advisors
Boston,
Massachusetts
|
+$3.91M |
| 2 |
AG
Advisor Group
Phoenix,
Arizona
|
+$1.38M |
| 3 |
SIS
Sound Income Strategies
Ft Lauderdale,
Florida
|
+$415K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$407K |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$237K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$246K |
| 2 |
SKK
Shepherd Kaplan Krochuk
Boston,
Massachusetts
|
-$239K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$159K |
| 4 |
SAS
Stelac Advisory Services
New York
|
-$159K |
| 5 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$136K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
APA
26
American Portfolios Advisors
Holbrook,
New York
| $32.9K | -$12.9K | -650 | -28% |
|
|
GRP
27
Global Retirement Partners
San Rafael,
California
| $11K | – | – | – |
|
|
AAM
28
Advisors Asset Management
Monument,
Colorado
| $5K | – | – | – |
|
|
NFG
29
Next Financial Group
Houston,
Texas
| $5K | – | – | – |
|
|
30
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$246K | -12,472 | Closed |
|
|
SKK
31
Shepherd Kaplan Krochuk
Boston,
Massachusetts
| – | -$239K | -12,142 | Closed |
|
|
SAS
32
Stelac Advisory Services
New York
| – | -$159K | -9,000 | Closed |
|
33
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$18K | -905 | Closed |
|
34
UBS Group
Zurich,
Switzerland
| – | -$15K | -771 | Closed |
|
BDCS Hedge Fund Activity: Q2 2019 in Review
30 of the 4,604 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 Q2 2019, worth a combined $30.1M — up 25% from $24.1M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of BDCS and 1 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 13 added.
The largest buyer was Natixis Advisors, opening a new position worth an estimated $3.91M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $246K sold.
- 30 institutional investors held UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com (BDCS) as of Q2 2019, down from 36 in Q1 2019.
- Funds reported $30.1M of UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com stock for Q2 2019, up 25% quarter-over-quarter.
- 1 fund opened new UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com positions in Q2 2019 and 5 closed out, a net change of -4 holders.
- The largest UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com buyer in Q2 2019 was Natixis Advisors, an estimated $3.91M added.
- The largest UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com seller in Q2 2019 was Susquehanna International Group, an estimated $246K sold.
Based on aggregated 13F filings for Q2 2019.