Eagle Point Credit Company
ECC
31 hedge funds and large institutions have $160M invested in Eagle Point Credit Company in 2018 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
19% more funds holding
Funds holding: 26 → 31 (+5)
19.17% less ownership
Funds ownership: 60.56% → 41.39% (-19%)
22% less capital invested
Capital invested by funds: $207M → $160M (-$46M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$5.35M |
| 2 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$486K |
| 3 |
William Blair & Company
Chicago,
Illinois
|
+$361K |
| 4 |
CF
Centaurus Financial
Anaheim,
California
|
+$209K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$184K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPC
Stone Point Capital
Greenwich,
Connecticut
|
-$50.8M |
| 2 |
AM
Ares Management
Los Angeles,
California
|
-$1.03M |
| 3 |
MWP
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
|
-$684K |
| 4 |
BSG
Black Swift Group
Boulder,
Colorado
|
-$536K |
| 5 |
Millennium Management
New York
|
-$399K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QCIG
26
Quad-Cities Investment Group
Davenport,
Iowa
| $57K | +$56.4K | +3,095 | New |
|
27
UBS Group
Zurich,
Switzerland
| $48K | +$33.8K | +1,851 | +231% |
|
|
PMFA
28
Plante Moran Financial Advisors
Southfield,
Michigan
| $31K | +$1K | +55 | +3% |
|
29
Wells Fargo
San Francisco,
California
| $24K | -$3.67K | -201 | -13% |
|
|
APA
30
American Portfolios Advisors
Holbrook,
New York
| $7.27K | +$7.29K | +400 | New |
|
|
KL
31
KWMG LLC
Overland Park,
Kansas
| $2K | +$2.02K | +111 | New |
|
|
32
Millennium Management
New York
| – | -$399K | -22,020 | Closed |
|
33
Bessemer Group
Woodbridge,
New Jersey
| – | -$90K | -4,987 | Closed |
|
|
FWM
34
Focused Wealth Management
Newburgh,
New York
| – | -$7K | -380 | Closed |
|
ECC Hedge Fund Activity: Q2 2018 in Review
31 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Eagle Point Credit Company (ECC) for Q2 2018, worth a combined $160M — down 22% from $207M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new ECC positions and 3 closed out — a net gain of 5 holders — while 11 added to existing stakes and 8 trimmed.
The largest buyer was Thomas J. Herzfeld Advisors, adding an estimated $5.35M. The largest seller was Stone Point Capital, cutting an estimated $50.8M.
- 31 institutional investors held Eagle Point Credit Company (ECC) as of Q2 2018, up from 26 in Q1 2018.
- Funds reported $160M of Eagle Point Credit Company stock for Q2 2018, down 22% quarter-over-quarter.
- 8 funds opened new Eagle Point Credit Company positions in Q2 2018 and 3 closed out, a net change of +5 holders.
- The largest Eagle Point Credit Company buyer in Q2 2018 was Thomas J. Herzfeld Advisors, an estimated $5.35M added.
- The largest Eagle Point Credit Company seller in Q2 2018 was Stone Point Capital, an estimated $50.8M sold.
Based on aggregated 13F filings for Q2 2018.