ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN
CEFL
CEFL was delisted on the 26th of March, 2020.
11 hedge funds and large institutions have $4.89M invested in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN in 2016 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 3 reducing their positions, and 4 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 3
15% less funds holding
Funds holding: 13 → 11 (-2)
24% less capital invested
Capital invested by funds: $6.45M → $4.89M (-$1.56M)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAF
Tredje AP-fonden
Se-111 91 Stockholm,
Sweden
|
+$97.2K |
| 2 |
Morgan Stanley
New York
|
+$39K |
| 3 |
ICM
Ionic Capital Management
New York
|
+$18.2K |
| 4 |
NFG
Next Financial Group
Houston,
Texas
|
+$1.79K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
+$341 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$740K |
| 2 |
Jane Street
New York
|
-$657K |
| 3 |
BCM
Buckhead Capital Management
Atlanta,
Georgia
|
-$421K |
| 4 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
-$169K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
-$29.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ICM
1
Ionic Capital Management
New York
| $2.47M | +$18.2K | +1,012 | +0.7% |
|
|
TAF
2
Tredje AP-fonden
Se-111 91 Stockholm,
Sweden
| $1.7M | +$97.2K | +5,420 | +12% |
|
|
AWA
3
Arete Wealth Advisors
Chicago,
Illinois
| $485K | -$17.9K | -1,000 | -4% |
|
|
CFA
4
Carroll Financial Associates
Charlotte,
North Carolina
| $75K | -$169K | -9,400 | -69% |
|
|
5
Creative Planning
Overland Park,
Kansas
| $57K | -$29.4K | -1,641 | -34% |
|
|
BA
6
BlackRock Advisors
Wilmington,
Delaware
| $54K | – | – | – |
|
|
7
Morgan Stanley
New York
| $39K | +$39K | +2,171 | New |
|
|
IA
8
IFP Advisors
Tampa,
Florida
| $8K | +$341 | +19 | +5% |
|
|
BBPWM
9
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $4K | – | – | – |
|
|
NFG
10
Next Financial Group
Houston,
Texas
| $2K | +$1.79K | +100 | New |
|
|
BCM
11
Brookstone Capital Management
Wheaton,
Illinois
| – | -$740K | -43,900 | Closed |
|
|
12
Jane Street
New York
| – | -$657K | -38,981 | Closed |
|
|
BCM
13
Buckhead Capital Management
Atlanta,
Georgia
| – | -$421K | -25,000 | Closed |
|
14
UBS Group
Zurich,
Switzerland
| – | -$16K | -954 | Closed |
|
CEFL Hedge Fund Activity: Q3 2016 in Review
11 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) for Q3 2016, worth a combined $4.89M — down 24% from $6.45M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of CEFL and 2 opened new positions — a net loss of 2 holders — while 3 trimmed existing stakes and 3 added.
The largest buyer was Tredje AP-fonden, adding an estimated $97.2K. The largest seller was Brookstone Capital Management, exiting entirely with an estimated $740K sold.
- 11 institutional investors held ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) as of Q3 2016, down from 13 in Q2 2016.
- Funds reported $4.89M of ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN stock for Q3 2016, down 24% quarter-over-quarter.
- 2 funds opened new ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN positions in Q3 2016 and 4 closed out, a net change of -2 holders.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN buyer in Q3 2016 was Tredje AP-fonden, an estimated $97.2K added.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN seller in Q3 2016 was Brookstone Capital Management, an estimated $740K sold.
Based on aggregated 13F filings for Q3 2016.