ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041
BDCZ
16 hedge funds and large institutions have $3.4M invested in ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 5 reducing their positions, and 5 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 5
8.72% less ownership
Funds ownership: 15.69% → 6.97% (-8.7%)
11% less funds holding
Funds holding: 18 → 16 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
49% less capital invested
Capital invested by funds: $6.72M → $3.4M (-$3.32M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EP
Eudaimonia Partners
Winchester,
Tennessee
|
+$234K |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$199K |
| 3 |
ASI
Advisory Services & Investments
Bend,
Oregon
|
+$195K |
| 4 |
CW
CreativeOne Wealth
Overland Park,
Kansas
|
+$65.3K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$56.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$2.1M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$770K |
| 3 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
-$295K |
| 4 |
CFG
Cooper Financial Group
Irvine,
California
|
-$279K |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$268K |
BDCZ Hedge Fund Activity: Q1 2023 in Review
16 of the 6,284 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 2023, worth a combined $3.4M — down 49% from $6.72M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of BDCZ and 3 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 5 added.
The largest buyer was Eudaimonia Partners, adding an estimated $234K. The largest seller was Osaic Holdings, cutting an estimated $2.1M.
- 16 institutional investors held ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 (BDCZ) as of Q1 2023, down from 18 in Q4 2022.
- Funds reported $3.4M of ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 stock for Q1 2023, down 49% quarter-over-quarter.
- 3 funds opened new ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 positions in Q1 2023 and 5 closed out, a net change of -2 holders.
- The largest ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 buyer in Q1 2023 was Eudaimonia Partners, an estimated $234K added.
- The largest ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 seller in Q1 2023 was Osaic Holdings, an estimated $2.1M sold.
Based on aggregated 13F filings for Q1 2023.