Eagle Point Credit Company
ECC
40 hedge funds and large institutions have $55.1M invested in Eagle Point Credit Company in 2020 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 7 closing their positions.
100% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 7
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
14% more funds holding
Funds holding: 35 → 40 (+5)
5.89% less ownership
Funds ownership: 34.36% → 28.46% (-5.9%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
55% less capital invested
Capital invested by funds: $122M → $55.1M (-$67M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCH
Freestone Capital Holdings
Seattle,
Washington
|
+$6.94M |
| 2 |
Goldman Sachs
New York
|
+$1.17M |
| 3 |
6M
6 Meridian
Wichita,
Kansas
|
+$771K |
| 4 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
+$720K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$699K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MWP
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
|
-$8.87M |
| 2 |
BRF
B. Riley Financial
Los Angeles,
California
|
-$3.07M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$2.38M |
| 4 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
-$1.51M |
| 5 |
HIM
Hanlon Investment Management
Egg Harbor Township,
New Jersey
|
-$1.1M |
ECC Hedge Fund Activity: Q1 2020 in Review
40 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Eagle Point Credit Company (ECC) for Q1 2020, worth a combined $55.1M — down 55% from $122M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new ECC positions and 7 closed out — a net gain of 7 holders — while 12 added to existing stakes and 10 trimmed.
The largest buyer was Freestone Capital Holdings, opening a new position worth an estimated $6.94M. The largest seller was MYCIO Wealth Partners, cutting an estimated $8.87M.
- 40 institutional investors held Eagle Point Credit Company (ECC) as of Q1 2020, up from 35 in Q4 2019.
- Funds reported $55.1M of Eagle Point Credit Company stock for Q1 2020, down 55% quarter-over-quarter.
- 14 funds opened new Eagle Point Credit Company positions in Q1 2020 and 7 closed out, a net change of +7 holders.
- The largest Eagle Point Credit Company buyer in Q1 2020 was Freestone Capital Holdings, an estimated $6.94M added.
- The largest Eagle Point Credit Company seller in Q1 2020 was MYCIO Wealth Partners, an estimated $8.87M sold.
Based on aggregated 13F filings for Q1 2020.