ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041
BDCZ
11 hedge funds and large institutions have $2.33M invested in ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 in 2023 Q3 according to their latest regulatory filings, with funds opening new positions, 4 increasing their positions, 3 reducing their positions, and 3 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 3
4.2% less ownership
Funds ownership: 13.4% → 9.2% (-4.2%)
21% less funds holding
Funds holding: 14 → 11 (-3)
28% less capital invested
Capital invested by funds: $3.24M → $2.33M (-$916K)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EP
Eudaimonia Partners
Winchester,
Tennessee
|
+$337K |
| 2 |
EA
Eudaimonia Advisors
Winchester,
Tennessee
|
+$314K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$65K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$21.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$939K |
| 2 |
CW
CreativeOne Wealth
Overland Park,
Kansas
|
-$382K |
| 3 |
ASI
Advisory Services & Investments
Bend,
Oregon
|
-$200K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$119K |
| 5 |
CFGS
Concourse Financial Group Securities
Birmingham,
Alabama
|
-$66.4K |
BDCZ Hedge Fund Activity: Q3 2023 in Review
11 of the 6,302 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 Q3 2023, worth a combined $2.33M — down 28% from $3.24M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of BDCZ and 0 opened new positions — a net loss of 3 holders — while 3 trimmed existing stakes and 4 added.
The largest buyer was Eudaimonia Partners, adding an estimated $337K. The largest seller was Susquehanna International Group, exiting entirely with an estimated $939K sold.
- 11 institutional investors held ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 (BDCZ) as of Q3 2023, down from 14 in Q2 2023.
- Funds reported $2.33M of ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 stock for Q3 2023, down 28% quarter-over-quarter.
- 0 funds opened new ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 positions in Q3 2023 and 3 closed out, a net change of -3 holders.
- The largest ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 buyer in Q3 2023 was Eudaimonia Partners, an estimated $337K added.
- The largest ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 seller in Q3 2023 was Susquehanna International Group, an estimated $939K sold.
Based on aggregated 13F filings for Q3 2023.