Eagle Point Credit Company
ECC
38 hedge funds and large institutions have $155M invested in Eagle Point Credit Company in 2019 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 6 reducing their positions, and 5 closing their positions.
133% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 6
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
11% more capital invested
Capital invested by funds: $140M → $155M (+$15.4M)
6% more funds holding
Funds holding: 36 → 38 (+2)
0.95% less ownership
Funds ownership: 36.63% → 35.68% (-0.95%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VEA
Virtus ETF Advisers
New York
|
+$5.29M |
| 2 |
P
&Partners
Nashville,
Tennessee
|
+$669K |
| 3 |
CF
Centaurus Financial
Anaheim,
California
|
+$458K |
| 4 |
NFG
Next Financial Group
Houston,
Texas
|
+$399K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
+$359K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$2.27M |
| 2 |
MWP
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
|
-$939K |
| 3 |
PMAM
Penn Mutual Asset Management
Conshohocken,
Pennsylvania
|
-$402K |
| 4 |
HIM
Hanlon Investment Management
Egg Harbor Township,
New Jersey
|
-$232K |
| 5 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$215K |
ECC Hedge Fund Activity: Q2 2019 in Review
38 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Eagle Point Credit Company (ECC) for Q2 2019, worth a combined $155M — up 11% from $140M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new ECC positions and 5 closed out — a net gain of 3 holders — while 14 added to existing stakes and 6 trimmed.
The largest buyer was Virtus ETF Advisers, opening a new position worth an estimated $5.29M. The largest seller was Thomas J. Herzfeld Advisors, exiting entirely with an estimated $2.27M sold.
- 38 institutional investors held Eagle Point Credit Company (ECC) as of Q2 2019, up from 36 in Q1 2019.
- Funds reported $155M of Eagle Point Credit Company stock for Q2 2019, up 11% quarter-over-quarter.
- 8 funds opened new Eagle Point Credit Company positions in Q2 2019 and 5 closed out, a net change of +3 holders.
- The largest Eagle Point Credit Company buyer in Q2 2019 was Virtus ETF Advisers, an estimated $5.29M added.
- The largest Eagle Point Credit Company seller in Q2 2019 was Thomas J. Herzfeld Advisors, an estimated $2.27M sold.
Based on aggregated 13F filings for Q2 2019.