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BDCS

UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com

Delisted

BDCS was delisted on the 25th of November, 2020.

24 hedge funds and large institutions have $9.05M invested in UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com in 2015 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 6

13% more capital invested

Capital invested by funds: $7.97M → $9.05M (+$1.07M)

4% less funds holding

Funds holding: 2524 (-1)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

Holders
24
Holders Change
-1
Holders Change %
-4%
% of All Funds
0.63%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
5
Increased
7
Reduced
6
Closed
6
Calls
$4K
Puts
Net Calls
+$4K
Net Calls Change
+$4K
Name Holding Trade Value Shares
Change
Change in
Stake
LTFS
1
Ladenburg Thalmann Financial Services
Florida
$2.04M -$60.9K -2,971 -3%
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$1.71M +$925K +45,150 +115%
ICOA
3
Investment Centers of America
North Dakota
$1.32M +$33.6K +1,641 +3%
Ameriprise
4
Ameriprise
Minnesota
$811K +$91.3K +4,455 +13%
VFS
5
VSR Financial Services
Kansas
$484K -$123K -6,018 -20%
AIG
6
American International Group
New York
$463K +$2.79K +136 +0.6%
1IA
7
1834 Investment Advisors
Wisconsin
$341K -$90.1K -4,400 -21%
Cambridge Investment Research Advisors
8
Cambridge Investment Research Advisors
Iowa
$294K +$6.6K +322 +2%
Envestnet Asset Management
9
Envestnet Asset Management
Illinois
$274K +$39.3K +1,918 +17%
CFA
10
Carroll Financial Associates
North Carolina
$253K +$64.3K +3,140 +34%
Commonwealth Equity Services
11
Commonwealth Equity Services
Massachusetts
$228K +$230K +11,228 New
Jane Street
12
Jane Street
New York
$213K -$158K -7,714 -42%
CAN
13
Cetera Advisor Networks
California
$207K +$209K +10,205 New
Bank of Montreal
14
Bank of Montreal
Ontario, Canada
$151K -$23.7K -1,155 -13%
Thrivent Financial for Lutherans
15
Thrivent Financial for Lutherans
Minnesota
$97K -$10.2K -500 -9%
Morgan Stanley
16
Morgan Stanley
New York
$34K +$34K +1,661 New
PNC Financial Services Group
17
PNC Financial Services Group
Pennsylvania
$32K
IA
18
IFP Advisors
Florida
$29K +$28.9K +1,412 New
MCM
19
McKinley Capital Management
Alaska
$25K +$25.1K +1,224 New
MFS
20
MSI Financial Services
Massachusetts
$20K
AAM
21
Advisors Asset Management
Colorado
$5K
CFN
22
Cordasco Financial Network
Florida
$5K
NFG
23
Next Financial Group
Texas
$5K
MFP
24
Mosaic Financial Partners
California
-$231K -11,638 Closed
Bank of America
25
Bank of America
North Carolina
-$24K -1,200 Closed

BDCS Hedge Fund Activity: Q4 2015 in Review

24 of the 3,812 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 Q4 2015, worth a combined $9.05M — up 13% from $7.97M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of BDCS and 5 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 7 added.

The largest buyer was Royal Bank of Canada, adding an estimated $925K. The largest seller was Mosaic Financial Partners, exiting entirely with an estimated $231K sold.

  • 24 institutional investors held UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com (BDCS) as of Q4 2015, down from 25 in Q3 2015.
  • Funds reported $9.05M of UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com stock for Q4 2015, up 13% 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 Q4 2015 and 6 closed out, a net change of -1 holder.
  • The largest UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com buyer in Q4 2015 was Royal Bank of Canada, an estimated $925K added.
  • The largest UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com seller in Q4 2015 was Mosaic Financial Partners, an estimated $231K sold.

Based on aggregated 13F filings for Q4 2015.