Eagle Point Credit Company
ECC
35 hedge funds and large institutions have $118M invested in Eagle Point Credit Company in 2018 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 9 closing their positions.
9% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 11
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less funds holding
Funds holding: 37 → 35 (-2)
6.83% less ownership
Funds ownership: 42.74% → 35.91% (-6.8%)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
73% less capital inflows, than outflows
Capital inflows: $5.26M | Capital outflows: $19.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bard Associates
Chicago,
Illinois
|
+$2.02M |
| 2 |
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$752K |
| 3 |
Shaker Financial Services
Arlington,
Virginia
|
+$722K |
| 4 |
Boothbay Fund Management
New York
|
+$658K |
| 5 |
Evercore Wealth Management
New York
|
+$198K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$10M |
| 2 |
Freestone Capital Holdings
Seattle,
Washington
|
-$5.33M |
| 3 |
B. Riley Financial
Los Angeles,
California
|
-$999K |
| 4 |
Relative Value Partners Group
|
-$901K |
| 5 |
Black Swift Group
Boulder,
Colorado
|
-$741K |
ECC Hedge Fund Activity: Q4 2018 in Review
35 of the 4,506 institutional investors tracked by Wall St. Rank reported a position in Eagle Point Credit Company (ECC) for Q4 2018, worth a combined $118M — down 28% from $163M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of ECC and 8 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 12 added.
The largest buyer was Bard Associates, adding an estimated $2.02M. The largest seller was Thomas J. Herzfeld Advisors, cutting an estimated $10M.
- 35 institutional investors held Eagle Point Credit Company (ECC) as of Q4 2018, down from 37 in Q3 2018.
- Funds reported $118M of Eagle Point Credit Company stock for Q4 2018, down 28% quarter-over-quarter.
- 8 funds opened new Eagle Point Credit Company positions in Q4 2018 and 9 closed out, a net change of -1 holder.
- The largest Eagle Point Credit Company buyer in Q4 2018 was Bard Associates, an estimated $2.02M added.
- The largest Eagle Point Credit Company seller in Q4 2018 was Thomas J. Herzfeld Advisors, an estimated $10M sold.
Based on aggregated 13F filings for Q4 2018.