ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041
BDCZ
13 hedge funds and large institutions have $2.6M invested in ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 in 2023 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 5 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
18% more funds holding
Funds holding: 11 → 13 (+2)
12% more capital invested
Capital invested by funds: $2.33M → $2.6M (+$271K)
0.8% more ownership
Funds ownership: 9.2% → 9.99% (+0.8%)
60% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CW
CreativeOne Wealth
Overland Park,
Kansas
|
+$369K |
| 2 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
+$41.1K |
| 3 |
EP
Eudaimonia Partners
Winchester,
Tennessee
|
+$37.4K |
| 4 |
Morgan Stanley
New York
|
+$8.03K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$67K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$61K |
| 3 |
CFGS
Concourse Financial Group Securities
Birmingham,
Alabama
|
-$58.1K |
| 4 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$46.6K |
| 5 |
EA
Eudaimonia Advisors
Winchester,
Tennessee
|
-$23.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EP
1
Eudaimonia Partners
Winchester,
Tennessee
| $834K | +$37.4K | +2,066 | +5% |
|
|
EA
2
Eudaimonia Advisors
Winchester,
Tennessee
| $702K | -$23.2K | -1,281 | -3% |
|
|
HH
3
Hilltop Holdings
Dallas,
Texas
| $402K | -$46.6K | -2,575 | -11% |
|
|
CW
4
CreativeOne Wealth
Overland Park,
Kansas
| $387K | +$369K | +20,409 | New |
|
|
LC
5
Lindbrook Capital
Calabasas,
California
| $75.9K | – | – | – |
|
|
CFGS
6
Concourse Financial Group Securities
Birmingham,
Alabama
| $60.2K | -$58.1K | -3,210 | -50% |
|
7
Osaic Holdings
Scottsdale,
Arizona
| $56.7K | -$5.95K | -329 | -10% |
|
|
ASN
8
Advisory Services Network
Atlanta,
Georgia
| $43.1K | +$41.1K | +2,271 | New |
|
|
9
Morgan Stanley
New York
| $20.4K | +$8.03K | +444 | +70% |
|
|
CBT
10
CoreFirst Bank & Trust
Topeka,
Kansas
| $9.03K | – | – | – |
|
|
GWM
11
Geneos Wealth Management
Englewood,
Colorado
| $4.56K | – | – | – |
|
|
CAM
12
Creekmur Asset Management
Morton,
Illinois
| $2.41K | +$2.3K | +127 | New |
|
|
13
Wells Fargo
San Francisco,
California
| $17 | -$61K | -3,372 | -100% |
|
|
14
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$67K | -3,654 | Closed |
|
BDCZ Hedge Fund Activity: Q4 2023 in Review
13 of the 6,860 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 2023, worth a combined $2.6M — up 12% from $2.33M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new BDCZ positions and 1 closed out — a net gain of 2 holders — while 2 added to existing stakes and 5 trimmed.
The largest buyer was CreativeOne Wealth, opening a new position worth an estimated $369K. The largest seller was Royal Bank of Canada, exiting entirely with an estimated $67K sold.
- 13 institutional investors held ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 (BDCZ) as of Q4 2023, up from 11 in Q3 2023.
- Funds reported $2.6M of ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 stock for Q4 2023, up 12% quarter-over-quarter.
- 3 funds opened new ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 positions in Q4 2023 and 1 closed out, a net change of +2 holders.
- The largest ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 buyer in Q4 2023 was CreativeOne Wealth, an estimated $369K added.
- The largest ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 seller in Q4 2023 was Royal Bank of Canada, an estimated $67K sold.
Based on aggregated 13F filings for Q4 2023.