Convergence Long/Short Equity ETF
CLSE
9 hedge funds and large institutions have $13.4M invested in Convergence Long/Short Equity ETF in 2023 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 6 reducing their positions, and 0 closing their positions.
13% more funds holding
Funds holding: 8 → 9 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less capital invested
Capital invested by funds: $13.8M → $13.4M (-$384K)
5.6% less ownership
Funds ownership: 60.26% → 54.66% (-5.6%)
83% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RP
Riverwater Partners
Milwaukee,
Wisconsin
|
+$429K |
| 2 |
FFA
Farther Finance Advisors
San Francisco,
California
|
+$43.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$598K |
| 2 |
HI
Harbour Investments
Madison,
Wisconsin
|
-$579K |
| 3 |
IA
Insight Advisors
Newtown,
Pennsylvania
|
-$36.3K |
| 4 |
Mariner
Overland Park,
Kansas
|
-$30.9K |
| 5 |
LPL Financial
San Diego,
California
|
-$30.3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RP
1
Riverwater Partners
Milwaukee,
Wisconsin
| $10.6M | +$429K | +29,187 | +4% |
|
|
2
Mariner
Overland Park,
Kansas
| $1.5M | -$30.9K | -2,098 | -2% |
|
|
HI
3
Harbour Investments
Madison,
Wisconsin
| $457K | -$579K | -39,376 | -57% |
|
|
4
Envestnet Asset Management
Chicago,
Illinois
| $341K | -$598K | -40,678 | -64% |
|
|
IA
5
Insight Advisors
Newtown,
Pennsylvania
| $249K | -$36.3K | -2,467 | -13% |
|
|
6
LPL Financial
San Diego,
California
| $210K | -$30.3K | -2,062 | -13% |
|
|
FFA
7
Farther Finance Advisors
San Francisco,
California
| $44.7K | +$43.4K | +2,951 | New |
|
8
UBS Group
Zurich,
Switzerland
| $4.64K | -$1.41K | -96 | -24% |
|
|
PA
9
Parallel Advisors
San Francisco,
California
| $3.15K | – | – | – |
|
CLSE Hedge Fund Activity: Q1 2023 in Review
9 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Convergence Long/Short Equity ETF (CLSE) for Q1 2023, worth a combined $13.4M — down 2.8% from $13.8M a quarter earlier.
Buyers outnumbered sellers: 1 fund opened new CLSE positions and 0 closed out — a net gain of 1 holder — while 1 added to existing stakes and 6 trimmed.
The largest buyer was Riverwater Partners, adding an estimated $429K. The largest seller was Envestnet Asset Management, cutting an estimated $598K.
- 9 institutional investors held Convergence Long/Short Equity ETF (CLSE) as of Q1 2023, up from 8 in Q4 2022.
- Funds reported $13.4M of Convergence Long/Short Equity ETF stock for Q1 2023, down 2.8% quarter-over-quarter.
- 1 fund opened new Convergence Long/Short Equity ETF positions in Q1 2023 and 0 closed out, a net change of +1 holder.
- The largest Convergence Long/Short Equity ETF buyer in Q1 2023 was Riverwater Partners, an estimated $429K added.
- The largest Convergence Long/Short Equity ETF seller in Q1 2023 was Envestnet Asset Management, an estimated $598K sold.
Based on aggregated 13F filings for Q1 2023.