Eagle Point Credit Company
ECC
18 hedge funds and large institutions have $224M invested in Eagle Point Credit Company in 2017 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 4 increasing their positions, 3 reducing their positions, and 8 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 3
22% more capital invested
Capital invested by funds: $184M → $224M (+$40.2M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2.17% less ownership
Funds ownership: 67.44% → 65.27% (-2.2%)
22% less funds holding
Funds holding: 23 → 18 (-5)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$569K |
| 2 |
LPL Financial
San Diego,
California
|
+$209K |
| 3 |
BA
Bard Associates
Chicago,
Illinois
|
+$190K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$51.8K |
| 5 |
RVPG
Relative Value Partners Group
|
+$43.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.3M |
| 2 |
CIC
Chilton Investment Company
Stamford,
Connecticut
|
-$1.05M |
| 3 |
MWP
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
|
-$902K |
| 4 |
AM
Ares Management
Los Angeles,
California
|
-$765K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$485K |
ECC Hedge Fund Activity: Q1 2017 in Review
18 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Eagle Point Credit Company (ECC) for Q1 2017, worth a combined $224M — up 22% from $184M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of ECC and 4 opened new positions — a net loss of 4 holders — while 3 trimmed existing stakes and 4 added.
The largest buyer was Baird Financial Group, opening a new position worth an estimated $569K. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $1.3M sold.
- 18 institutional investors held Eagle Point Credit Company (ECC) as of Q1 2017, down from 23 in Q4 2016.
- Funds reported $224M of Eagle Point Credit Company stock for Q1 2017, up 22% quarter-over-quarter.
- 4 funds opened new Eagle Point Credit Company positions in Q1 2017 and 8 closed out, a net change of -4 holders.
- The largest Eagle Point Credit Company buyer in Q1 2017 was Baird Financial Group, an estimated $569K added.
- The largest Eagle Point Credit Company seller in Q1 2017 was Rivernorth Capital Management, an estimated $1.3M sold.
Based on aggregated 13F filings for Q1 2017.