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BDCS

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

Delisted

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

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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
25
Holders Change
-8
Holders Change %
-24.24%
% of All Funds
0.55%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
8
Increased
4
Reduced
9
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
+$1.22M
2
HH
Hilltop Holdings
Texas
+$753K
3
EGA
Eagle Global Advisors
Texas
+$627K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$554K
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$404K

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$10.2M
2
Natixis Advisors
Natixis Advisors
Massachusetts
-$4.45M
3
RT
Rockland Trust
Massachusetts
-$941K
4
LSA
Lion Street Advisors
Texas
-$932K
5
CFGS
Concourse Financial Group Securities
Alabama
-$875K
Name Holding Trade Value Shares
Change 		Change in
Stake
HH
1
Hilltop Holdings
Texas
$1M +$753K +42,076 +89%
Wells Fargo
2
Wells Fargo
California
$978K +$379K +21,156 +32%
Citadel Advisors
3
Citadel Advisors
Florida
$769K +$1.22M +68,256 New
Osaic Holdings
4
Osaic Holdings
Arizona
$647K +$1.03M +57,701 New
SIS
5
Sound Income Strategies
Florida
$512K -$21.2K -1,184 -3%
Ameriprise
6
Ameriprise
Minnesota
$394K -$10.2M -569,984 -94%
EGA
7
Eagle Global Advisors
Texas
$394K +$627K +35,000 New
Susquehanna International Group
8
Susquehanna International Group
Pennsylvania
$348K +$554K +30,921 New
Envestnet Asset Management
9
Envestnet Asset Management
Illinois
$291K +$16.4K +914 +4%
Janney Montgomery Scott
10
Janney Montgomery Scott
Pennsylvania
$254K +$404K +22,581 New
MML Investors Services
11
MML Investors Services
Massachusetts
$193K +$72 +4 +0%
HIS
12
Harvest Investment Services
Illinois
$179K -$3.22K -180 -1%
SPC
13
Sigma Planning Corp
Michigan
$165K – – –
ASN
14
Advisory Services Network
Georgia
$154K -$88.3K -4,933 -27%
1IA
15
1834 Investment Advisors
Wisconsin
$97K -$75.9K -4,240 -33%
OPS
16
Orion Portfolio Solutions
Nebraska
$94K +$149K +8,334 New
FHA
17
Flagship Harbor Advisors
Massachusetts
$86K -$172K -9,610 -56%
CAN
18
Claraphi Advisory Network
United States
$45K +$71.2K +3,974 New
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$27K -$3.13K -175 -7%
APA
20
American Portfolios Advisors
New York
$16.1K -$4.01K -224 -14%
Morgan Stanley
21
Morgan Stanley
New York
$6K -$20.9K -1,167 -68%
GRP
22
Global Retirement Partners
California
$6K – – –
AAM
23
Advisors Asset Management
Colorado
$3K – – –
NFG
24
Next Financial Group
Texas
$3K – – –
S
25
SignatureFD
Georgia
$1K +$895 +50 New
1
2

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.