Eagle Point Credit Company
ECC
23 hedge funds and large institutions have $184M invested in Eagle Point Credit Company in 2016 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 4 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
100% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 4
36% more capital inflows, than outflows
Capital inflows: $4.3M | Capital outflows: $3.17M
28% more funds holding
Funds holding: 18 → 23 (+5)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3.97% less ownership
Funds ownership: 71.41% → 67.44% (-4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.34M |
| 2 |
Chilton Investment Company
Stamford,
Connecticut
|
+$1.07M |
| 3 |
Ares Management
Los Angeles,
California
|
+$782K |
| 4 |
Relative Value Partners Group
|
+$485K |
| 5 |
Virtu KCG Holdings
New York
|
+$342K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
California Public Employees Retirement System
Sacramento,
California
|
-$1.73M |
| 2 |
MWP
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
|
-$1M |
| 3 |
Caprock Group
Boise,
Idaho
|
-$402K |
| 4 |
Evercore Wealth Management
New York
|
-$17.1K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$11K |
ECC Hedge Fund Activity: Q4 2016 in Review
23 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Eagle Point Credit Company (ECC) for Q4 2016, worth a combined $184M — down 2% from $188M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new ECC positions and 2 closed out — a net gain of 5 holders — while 8 added to existing stakes and 4 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $1.34M. The largest seller was California Public Employees Retirement System, exiting entirely with an estimated $1.73M sold.
- 23 institutional investors held Eagle Point Credit Company (ECC) as of Q4 2016, up from 18 in Q3 2016.
- Funds reported $184M of Eagle Point Credit Company stock for Q4 2016, down 2% quarter-over-quarter.
- 7 funds opened new Eagle Point Credit Company positions in Q4 2016 and 2 closed out, a net change of +5 holders.
- The largest Eagle Point Credit Company buyer in Q4 2016 was Rivernorth Capital Management, an estimated $1.34M added.
- The largest Eagle Point Credit Company seller in Q4 2016 was California Public Employees Retirement System, an estimated $1.73M sold.
Based on aggregated 13F filings for Q4 2016.