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ECC

Eagle Point Credit Company
ECC

15 hedge funds and large institutions have $34.9M invested in Eagle Point Credit Company in 2015 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 4 increasing their positions, 3 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 1

36% more funds holding

Funds holding: 11 → 15 (+4)

33% more repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 3

28% more capital invested

Capital invested by funds: $27.3M → $34.9M (+$7.6M)

2.22% more ownership

Funds ownership: 9.81% → 12.04% (+2.2%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
15
Holders Change
+4
Holders Change %
+36.36%
% of All Funds
0.4%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
5
Increased
4
Reduced
3
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$5M
2
MWP
MYCIO Wealth Partners
Pennsylvania
+$1.86M
3
Goldman Sachs
Goldman Sachs
New York
+$268K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$136K
5
EWM
Evercore Wealth Management
New York
+$104K

Top Sellers

Rank Fund Capital Flow
1
DCM
Dialectic Capital Management
Connecticut
-$958K
2
BA
Bard Associates
Illinois
-$73.9K
3
TRCT
Tower Research Capital (TRC)
New York
-$39.2K
4
BRWA
B. Riley Wealth Advisors
Florida
-$60
Name Holding Trade Value Shares
Change 		Change in
Stake
MWP
1
MYCIO Wealth Partners
Pennsylvania
$16.8M +$1.86M +89,515 +13%
FCH
2
Freestone Capital Holdings
Washington
$5.3M – – –
PNC Financial Services Group
3
PNC Financial Services Group
Pennsylvania
$5.04M +$5M +240,000 New
California Public Employees Retirement System
4
California Public Employees Retirement System
California
$3.1M – – –
BA
5
Bard Associates
Illinois
$2.42M -$73.9K -3,550 -3%
EWM
6
Evercore Wealth Management
New York
$588K +$104K +5,000 +22%
DCM
7
Dialectic Capital Management
Connecticut
$557K -$958K -46,000 -63%
Susquehanna International Group
8
Susquehanna International Group
Pennsylvania
$374K +$136K +6,546 +58%
Goldman Sachs
9
Goldman Sachs
New York
$270K +$268K +12,860 New
TRCT
10
Tower Research Capital (TRC)
New York
$192K -$39.2K -1,881 -17%
Bessemer Group
11
Bessemer Group
New Jersey
$105K +$51.8K +2,487 +99%
PMFA
12
Plante Moran Financial Advisors
Michigan
$101K +$100K +4,815 New
BRWM
13
B. Riley Wealth Management
Tennessee
$5K +$5.21K +250 New
Wells Fargo
14
Wells Fargo
California
$4K – – –
Deutsche Bank
15
Deutsche Bank
Germany
$4K +$4.16K +200 New
BRWA
16
B. Riley Wealth Advisors
Florida
– -$60 -3,000 Closed

ECC Hedge Fund Activity: Q1 2015 in Review

15 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Eagle Point Credit Company (ECC) for Q1 2015, worth a combined $34.9M — up 28% from $27.3M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new ECC positions and 1 closed out — a net gain of 4 holders — while 4 added to existing stakes and 3 trimmed.

The largest buyer was PNC Financial Services Group, opening a new position worth an estimated $5M. The largest seller was Dialectic Capital Management, cutting an estimated $958K.

  • 15 institutional investors held Eagle Point Credit Company (ECC) as of Q1 2015, up from 11 in Q4 2014.
  • Funds reported $34.9M of Eagle Point Credit Company stock for Q1 2015, up 28% quarter-over-quarter.
  • 5 funds opened new Eagle Point Credit Company positions in Q1 2015 and 1 closed out, a net change of +4 holders.
  • The largest Eagle Point Credit Company buyer in Q1 2015 was PNC Financial Services Group, an estimated $5M added.
  • The largest Eagle Point Credit Company seller in Q1 2015 was Dialectic Capital Management, an estimated $958K sold.

Based on aggregated 13F filings for Q1 2015.