ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041
BDCZ
18 hedge funds and large institutions have $6.72M invested in ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 in 2022 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
6% more funds holding
Funds holding: 17 → 18 (+1)
2.69% less ownership
Funds ownership: 18.38% → 15.69% (-2.7%)
18% less capital invested
Capital invested by funds: $8.19M → $6.72M (-$1.47M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
+$879K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$104K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$48.2K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$43.9K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$43.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IMC Chicago
Chicago,
Illinois
|
-$1.02M |
| 2 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$909K |
| 3 |
CFGS
Concourse Financial Group Securities
Birmingham,
Alabama
|
-$311K |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$120K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$45.9K |
BDCZ Hedge Fund Activity: Q4 2022 in Review
18 of the 6,222 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 Q4 2022, worth a combined $6.72M — down 18% from $8.19M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new BDCZ positions and 1 closed out — a net gain of 1 holder — while 7 added to existing stakes and 6 trimmed.
The largest buyer was International Assets Investment Management, opening a new position worth an estimated $879K. The largest seller was IMC Chicago, exiting entirely with an estimated $1.02M sold.
- 18 institutional investors held ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 (BDCZ) as of Q4 2022, up from 17 in Q3 2022.
- Funds reported $6.72M of ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 stock for Q4 2022, down 18% quarter-over-quarter.
- 2 funds opened new ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 positions in Q4 2022 and 1 closed out, a net change of +1 holder.
- The largest ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 buyer in Q4 2022 was International Assets Investment Management, an estimated $879K added.
- The largest ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 seller in Q4 2022 was IMC Chicago, an estimated $1.02M sold.
Based on aggregated 13F filings for Q4 2022.