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.
25 hedge funds and large institutions have $6.67M invested in UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com in 2020 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 4 increasing their positions, 9 reducing their positions, and 14 closing their positions.
24% less funds holding
Funds holding: 33 → 25 (-8)
43% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 14
56% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 9
80% less capital invested
Capital invested by funds: $32.7M → $6.67M (-$26M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$1.22M |
| 2 |
HH
Hilltop Holdings
Dallas,
Texas
|
+$753K |
| 3 |
EGA
Eagle Global Advisors
Houston,
Texas
|
+$627K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$554K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$404K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$10.2M |
| 2 |
Natixis Advisors
Boston,
Massachusetts
|
-$4.45M |
| 3 |
RT
Rockland Trust
Hanover,
Massachusetts
|
-$941K |
| 4 |
LSA
Lion Street Advisors
Austin,
Texas
|
-$932K |
| 5 |
CFGS
Concourse Financial Group Securities
Birmingham,
Alabama
|
-$875K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Natixis Advisors
Boston,
Massachusetts
| – | -$4.45M | -217,730 | Closed |
|
|
CFGS
27
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$875K | -48,877 | Closed |
|
|
RT
28
Rockland Trust
Hanover,
Massachusetts
| – | -$941K | -46,026 | Closed |
|
|
LSA
29
Lion Street Advisors
Austin,
Texas
| – | -$932K | -45,668 | Closed |
|
|
CFG
30
Cooper Financial Group
Irvine,
California
| – | -$543K | -26,576 | Closed |
|
31
Jane Street
New York
| – | -$334K | -16,352 | Closed |
|
|
BAM
32
Belpointe Asset Management
Reno,
Nevada
| – | -$333K | -16,269 | Closed |
|
|
PAS
33
Park Avenue Securities
New York
| – | -$300K | -14,669 | Closed |
|
34
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$298K | -14,626 | Closed |
|
|
RIA
35
Regal Investment Advisors
Kentwood,
Michigan
| – | -$279K | -13,653 | Closed |
|
36
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| – | -$252K | -12,334 | Closed |
|
|
P
37
&Partners
Nashville,
Tennessee
| – | -$240K | -11,727 | Closed |
|
38
UBS Group
Zurich,
Switzerland
| – | -$5K | -236 | Closed |
|
BDCS Hedge Fund Activity: Q1 2020 in Review
25 of the 4,538 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 2020, worth a combined $6.67M — down 80% from $32.7M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of BDCS and 8 opened new positions — a net loss of 6 holders — while 9 trimmed existing stakes and 4 added.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $1.22M. The largest seller was Ameriprise, cutting an estimated $10.2M.
- 25 institutional investors held UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com (BDCS) as of Q1 2020, down from 33 in Q4 2019.
- Funds reported $6.67M of UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com stock for Q1 2020, down 80% quarter-over-quarter.
- 8 funds opened new UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com positions in Q1 2020 and 14 closed out, a net change of -6 holders.
- The largest UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com buyer in Q1 2020 was Citadel Advisors, an estimated $1.22M added.
- The largest UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com seller in Q1 2020 was Ameriprise, an estimated $10.2M sold.
Based on aggregated 13F filings for Q1 2020.