ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041
BDCZ
16 hedge funds and large institutions have $12M invested in ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 in 2021 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 3 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
67% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 3
54% more capital invested
Capital invested by funds: $7.79M → $12M (+$4.18M)
23% more funds holding
Funds holding: 13 → 16 (+3)
6.6% more ownership
Funds ownership: 14.6% → 21.2% (+6.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HH
Hilltop Holdings
Dallas,
Texas
|
+$2.64M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$525K |
| 3 |
CQS
Credential Qtrade Securities
Vancouver,
|
+$393K |
| 4 |
IMC Chicago
Chicago,
Illinois
|
+$392K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$277K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$434K |
| 2 |
HT
HAP Trading
New York
|
-$312K |
| 3 |
SAM
Selway Asset Management
|
-$279K |
| 4 |
CFGS
Concourse Financial Group Securities
Birmingham,
Alabama
|
-$37.2K |
| 5 |
RT
Rockland Trust
Hanover,
Massachusetts
|
-$15.9K |
BDCZ Hedge Fund Activity: Q2 2021 in Review
16 of the 5,746 institutional investors tracked by Wall St. Rank reported a position in ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 (BDCZ) for Q2 2021, worth a combined $12M — up 54% from $7.79M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new BDCZ positions and 2 closed out — a net gain of 3 holders — while 5 added to existing stakes and 3 trimmed.
The largest buyer was Hilltop Holdings, opening a new position worth an estimated $2.64M. The largest seller was Wells Fargo, cutting an estimated $434K.
- 16 institutional investors held ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 (BDCZ) as of Q2 2021, up from 13 in Q1 2021.
- Funds reported $12M of ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 stock for Q2 2021, up 54% quarter-over-quarter.
- 5 funds opened new ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 positions in Q2 2021 and 2 closed out, a net change of +3 holders.
- The largest ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 buyer in Q2 2021 was Hilltop Holdings, an estimated $2.64M added.
- The largest ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 seller in Q2 2021 was Wells Fargo, an estimated $434K sold.
Based on aggregated 13F filings for Q2 2021.