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.
23 hedge funds and large institutions have $7.63M invested in UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com in 2020 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 6 increasing their positions, 11 reducing their positions, and 7 closing their positions.
21% less funds holding
Funds holding: 29 → 23 (-6)
27% less capital invested
Capital invested by funds: $10.5M → $7.63M (-$2.84M)
45% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 11
86% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAM
Belpointe Asset Management
Reno,
Nevada
|
+$286K |
| 2 |
Jane Street
New York
|
+$227K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$177K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$53.8K |
| 5 |
SIS
Sound Income Strategies
Ft Lauderdale,
Florida
|
+$5.15K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$1.88M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$713K |
| 3 |
HT
HAP Trading
New York
|
-$331K |
| 4 |
PAS
Park Avenue Securities
New York
|
-$255K |
| 5 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
-$202K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPC
26
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$202K | -14,664 | Closed |
|
27
LPL Financial
San Diego,
California
| – | -$148K | -10,724 | Closed |
|
|
OPS
28
Orion Portfolio Solutions
Omaha,
Nebraska
| – | -$107K | -7,745 | Closed |
|
|
PAG
29
Private Advisor Group
Morristown,
New Jersey
| – | -$83K | -6,000 | Closed |
|
|
CAN
30
Cetera Advisor Networks
El Segundo,
California
| – | -$4K | -300 | Closed |
|
BDCS Hedge Fund Activity: Q3 2020 in Review
23 of the 4,956 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 2020, worth a combined $7.63M — down 27% from $10.5M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of BDCS and 1 opened new positions — a net loss of 6 holders — while 11 trimmed existing stakes and 6 added.
The largest buyer was Belpointe Asset Management, opening a new position worth an estimated $286K. The largest seller was Hilltop Holdings, cutting an estimated $1.88M.
- 23 institutional investors held UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com (BDCS) as of Q3 2020, down from 29 in Q2 2020.
- Funds reported $7.63M of UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com stock for Q3 2020, down 27% 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 Q3 2020 and 7 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 Q3 2020 was Belpointe Asset Management, an estimated $286K added.
- The largest UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com seller in Q3 2020 was Hilltop Holdings, an estimated $1.88M sold.
Based on aggregated 13F filings for Q3 2020.