Eagle Point Credit Company
ECC
38 hedge funds and large institutions have $128M invested in Eagle Point Credit Company in 2019 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 6 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
0% more funds holding
Funds holding: 38 → 38 (0)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
2.35% less ownership
Funds ownership: 35.68% → 33.33% (-2.3%)
18% less capital invested
Capital invested by funds: $155M → $128M (-$27.4M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAM
Belpointe Asset Management
Reno,
Nevada
|
+$3.94M |
| 2 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
+$419K |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$388K |
| 4 |
WS
Wedbush Securities
Los Angeles,
California
|
+$324K |
| 5 |
BSG
Black Swift Group
Boulder,
Colorado
|
+$242K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VEA
Virtus ETF Advisers
New York
|
-$5.43M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$3.94M |
| 3 |
MWP
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
|
-$3.51M |
| 4 |
HIM
Hanlon Investment Management
Egg Harbor Township,
New Jersey
|
-$1.28M |
| 5 |
EWM
Evercore Wealth Management
New York
|
-$601K |
ECC Hedge Fund Activity: Q3 2019 in Review
38 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Eagle Point Credit Company (ECC) for Q3 2019, worth a combined $128M — down 18% from $155M a quarter earlier.
Fund positioning in ECC was balanced in Q3 2019: 6 funds opened new positions, 6 closed out, 14 added to existing stakes and 11 trimmed.
The largest buyer was Belpointe Asset Management, opening a new position worth an estimated $3.94M. The largest seller was Virtus ETF Advisers, exiting entirely with an estimated $5.43M sold.
- 38 institutional investors held Eagle Point Credit Company (ECC) as of Q3 2019, unchanged from Q2 2019.
- Funds reported $128M of Eagle Point Credit Company stock for Q3 2019, down 18% quarter-over-quarter.
- 6 funds opened new Eagle Point Credit Company positions in Q3 2019 and 6 closed out, a net change of 0 holders.
- The largest Eagle Point Credit Company buyer in Q3 2019 was Belpointe Asset Management, an estimated $3.94M added.
- The largest Eagle Point Credit Company seller in Q3 2019 was Virtus ETF Advisers, an estimated $5.43M sold.
Based on aggregated 13F filings for Q3 2019.