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ECC

Eagle Point Credit Company
ECC

40 hedge funds and large institutions have $51.5M invested in Eagle Point Credit Company in 2020 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 7

20% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 10

14% more funds holding

Funds holding: 35 → 40 (+5)

5.89% less ownership

Funds ownership: 34.36% → 28.46% (-5.9%)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

58% less capital invested

Capital invested by funds: $122M → $51.5M (-$70.6M)

Holders
40
Holders Change
+5
Holders Change %
+14.29%
% of All Funds
0.88%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
14
Increased
12
Reduced
10
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FCH
Freestone Capital Holdings
Washington
+$6.94M
2
Goldman Sachs
Goldman Sachs
New York
+$1.17M
3
6M
6 Meridian
Kansas
+$771K
4
ACM
Arlington Capital Management
Illinois
+$720K
5
RJA
Raymond James & Associates
Florida
+$699K

Top Sellers

Rank Fund Capital Flow
1
MWP
MYCIO Wealth Partners
Pennsylvania
-$8.87M
2
BRF
B. Riley Financial
California
-$3.07M
3
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$2.38M
4
CC
Claybrook Capital
Massachusetts
-$1.51M
5
HIM
Hanlon Investment Management
New Jersey
-$1.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Jane Street
26
Jane Street
New York
$123K +$236K +18,000 New
KA
27
Kovack Advisors
Florida
$97K +$185K +14,124 New
Citigroup
28
Citigroup
New York
$89K -$43.7K -3,334 -20%
MA
29
Mutual Advisors
Nebraska
$77K +$275 +21 +0.2%
SCA
30
Sage Capital Advisors
South Dakota
$77K +$147K +11,255 New
HVIA
31
Hudson Valley Investment Advisors
New York
$72K – – –
UBS Group
32
UBS Group
Switzerland
$50K +$44.5K +3,400 +88%
Rockefeller Capital Management
33
Rockefeller Capital Management
New York
$35K +$51.1K +3,900 +306%
Wells Fargo
34
Wells Fargo
California
$10K +$4.32K +330 +27%
TRCT
35
Tower Research Capital (TRC)
New York
$6K -$37.9K -2,890 -76%
GI
36
Gradient Investments
Minnesota
$5K +$9.82K +750 New
FCH
37
Freestone Capital Holdings
Washington
$3.62K +$6.94M +529,803 New
ASN
38
Advisory Services Network
Georgia
$2K – – –
BRF
39
B. Riley Financial
California
– -$3.07M -210,000 Closed
HIM
40
Hanlon Investment Management
New Jersey
– -$1.1M -75,025 Closed
Qube Research & Technologies (QRT)
41
Qube Research & Technologies (QRT)
United Kingdom
– -$1.01M -69,000 Closed
CS
42
Credit Suisse
Switzerland
– -$504K -34,500 Closed
OC
43
Oppenheimer & Co
New York
– -$178K -12,195 Closed
Bank of America
44
Bank of America
North Carolina
– -$36.7K -2,799 -98%
Northwestern Mutual Wealth Management
45
Northwestern Mutual Wealth Management
Wisconsin
– -$16K -1,105 Closed
SIS
46
Sound Income Strategies
Florida
– -$6K -400 Closed
Fidelity Investments
47
Fidelity Investments
Massachusetts
– +$13 +1 +50%
1
2

ECC Hedge Fund Activity: Q1 2020 in Review

40 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Eagle Point Credit Company (ECC) for Q1 2020, worth a combined $51.5M — down 58% from $122M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new ECC positions and 7 closed out — a net gain of 7 holders — while 12 added to existing stakes and 10 trimmed.

The largest buyer was Freestone Capital Holdings, opening a new position worth an estimated $6.94M. The largest seller was MYCIO Wealth Partners, cutting an estimated $8.87M.

  • 40 institutional investors held Eagle Point Credit Company (ECC) as of Q1 2020, up from 35 in Q4 2019.
  • Funds reported $51.5M of Eagle Point Credit Company stock for Q1 2020, down 58% quarter-over-quarter.
  • 14 funds opened new Eagle Point Credit Company positions in Q1 2020 and 7 closed out, a net change of +7 holders.
  • The largest Eagle Point Credit Company buyer in Q1 2020 was Freestone Capital Holdings, an estimated $6.94M added.
  • The largest Eagle Point Credit Company seller in Q1 2020 was MYCIO Wealth Partners, an estimated $8.87M sold.

Based on aggregated 13F filings for Q1 2020.