Eagle Point Credit Company
ECC
24 hedge funds and large institutions have $207M invested in Eagle Point Credit Company in 2017 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 8 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
9% more funds holding
Funds holding: 22 → 24 (+2)
0.06% more ownership
Funds ownership: 59.42% → 59.48% (+0.06%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
7% less capital invested
Capital invested by funds: $223M → $207M (-$16.4M)
13% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$4.27M |
| 2 |
AM
Ares Management
Los Angeles,
California
|
+$1M |
| 3 |
WS
Wedbush Securities
Los Angeles,
California
|
+$341K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$191K |
| 5 |
RVPG
Relative Value Partners Group
|
+$189K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MWP
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
|
-$890K |
| 2 |
William Blair & Company
Chicago,
Illinois
|
-$410K |
| 3 |
BSG
Black Swift Group
Boulder,
Colorado
|
-$376K |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$330K |
| 5 |
BAM
Belpointe Asset Management
Reno,
Nevada
|
-$122K |
ECC Hedge Fund Activity: Q4 2017 in Review
24 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Eagle Point Credit Company (ECC) for Q4 2017, worth a combined $207M — down 7.3% from $223M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new ECC positions and 3 closed out — a net gain of 2 holders — while 7 added to existing stakes and 8 trimmed.
The largest buyer was Manulife (Manufacturers Life Insurance), opening a new position worth an estimated $4.27M. The largest seller was MYCIO Wealth Partners, cutting an estimated $890K.
- 24 institutional investors held Eagle Point Credit Company (ECC) as of Q4 2017, up from 22 in Q3 2017.
- Funds reported $207M of Eagle Point Credit Company stock for Q4 2017, down 7.3% quarter-over-quarter.
- 5 funds opened new Eagle Point Credit Company positions in Q4 2017 and 3 closed out, a net change of +2 holders.
- The largest Eagle Point Credit Company buyer in Q4 2017 was Manulife (Manufacturers Life Insurance), an estimated $4.27M added.
- The largest Eagle Point Credit Company seller in Q4 2017 was MYCIO Wealth Partners, an estimated $890K sold.
Based on aggregated 13F filings for Q4 2017.