ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041
BDCZ
15 hedge funds and large institutions have $10.8M invested in ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 in 2022 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 2 closing their positions.
1.51% less ownership
Funds ownership: 19.92% → 18.41% (-1.5%)
6% less capital invested
Capital invested by funds: $11.5M → $10.8M (-$681K)
6% less funds holding
Funds holding: 16 → 15 (-1)
17% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 6
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$476K |
| 2 |
IMC Chicago
Chicago,
Illinois
|
+$253K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$39K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$25.8K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$822 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CQS
Credential Qtrade Securities
Vancouver,
|
-$891K |
| 2 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$315K |
| 3 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$239K |
| 4 |
RT
Rockland Trust
Hanover,
Massachusetts
|
-$235K |
| 5 |
CFG
Cooper Financial Group
Irvine,
California
|
-$208K |
BDCZ Hedge Fund Activity: Q1 2022 in Review
15 of the 6,341 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 Q1 2022, worth a combined $10.8M — down 5.9% from $11.5M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of BDCZ and 1 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 5 added.
The largest buyer was Susquehanna International Group, adding an estimated $476K. The largest seller was Credential Qtrade Securities, exiting entirely with an estimated $891K sold.
- 15 institutional investors held ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 (BDCZ) as of Q1 2022, down from 16 in Q4 2021.
- Funds reported $10.8M of ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 stock for Q1 2022, down 5.9% quarter-over-quarter.
- 1 fund opened new ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 positions in Q1 2022 and 2 closed out, a net change of -1 holder.
- The largest ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 buyer in Q1 2022 was Susquehanna International Group, an estimated $476K added.
- The largest ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 seller in Q1 2022 was Credential Qtrade Securities, an estimated $891K sold.
Based on aggregated 13F filings for Q1 2022.