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.
33 hedge funds and large institutions have $28.9M invested in UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com in 2019 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 7 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
71% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 7
10% more funds holding
Funds holding: 30 → 33 (+3)
4% less capital invested
Capital invested by funds: $30.1M → $28.9M (-$1.18M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Natixis Advisors
Boston,
Massachusetts
|
+$371K |
| 2 |
BAM
Belpointe Asset Management
Reno,
Nevada
|
+$269K |
| 3 |
Jane Street
New York
|
+$264K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$245K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$227K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$1.15M |
| 2 |
CFGS
Concourse Financial Group Securities
Birmingham,
Alabama
|
-$1.03M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$466K |
| 4 |
CFG
Cooper Financial Group
Irvine,
California
|
-$339K |
| 5 |
Morgan Stanley
New York
|
-$205K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CIAS
26
Capital Investment Advisory Services
Raleigh,
North Carolina
| $40K | – | – | – |
|
|
APA
27
American Portfolios Advisors
Holbrook,
New York
| $33.3K | – | – | – |
|
28
Royal Bank of Canada
Toronto,
Ontario, Canada
| $15K | -$67.4K | -3,405 | -82% |
|
|
GRP
29
Global Retirement Partners
San Rafael,
California
| $11K | – | – | – |
|
30
UBS Group
Zurich,
Switzerland
| $10K | +$9.89K | +500 | New |
|
|
AAM
31
Advisors Asset Management
Monument,
Colorado
| $5K | – | – | – |
|
|
NFG
32
Next Financial Group
Houston,
Texas
| $5K | – | – | – |
|
|
RCAG
33
Rehmann Capital Advisory Group
Lansing,
Michigan
| $2.46K | +$2.33K | +118 | New |
|
|
34
Stifel Financial
St. Louis,
Missouri
| – | -$466K | -23,372 | Closed |
|
BDCS Hedge Fund Activity: Q3 2019 in Review
33 of the 4,560 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 Q3 2019, worth a combined $28.9M — down 3.9% from $30.1M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new BDCS positions and 2 closed out — a net gain of 3 holders — while 12 added to existing stakes and 7 trimmed.
The largest buyer was Natixis Advisors, adding an estimated $371K. The largest seller was Ladenburg Thalmann Financial Services, cutting an estimated $1.15M.
- 33 institutional investors held UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com (BDCS) as of Q3 2019, up from 30 in Q2 2019.
- Funds reported $28.9M of UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com stock for Q3 2019, down 3.9% 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 Q3 2019 and 2 closed out, a net change of +3 holders.
- The largest UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com buyer in Q3 2019 was Natixis Advisors, an estimated $371K added.
- The largest UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com seller in Q3 2019 was Ladenburg Thalmann Financial Services, an estimated $1.15M sold.
Based on aggregated 13F filings for Q3 2019.