Eagle Point Credit Company
ECC
57 hedge funds and large institutions have $118M invested in Eagle Point Credit Company in 2022 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 24 increasing their positions, 10 reducing their positions, and 8 closing their positions.
140% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 10
50% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 8
8% more funds holding
Funds holding: 53 → 57 (+4)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.23% less ownership
Funds ownership: 25.75% → 25.52% (-0.23%)
7% less capital invested
Capital invested by funds: $127M → $118M (-$8.79M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$886K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$647K |
| 3 |
IFG
Independent Financial Group
San Diego,
California
|
+$602K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$549K |
| 5 |
Rockefeller Capital Management
New York
|
+$275K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Verition Fund Management
Greenwich,
Connecticut
|
-$2.17M |
| 2 |
CCA
Cadent Capital Advisors
Tulsa,
Oklahoma
|
-$1.89M |
| 3 |
AIP
Ahrens Investment Partners
Lafayette,
Louisiana
|
-$958K |
| 4 |
Morgan Stanley
New York
|
-$719K |
| 5 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
-$504K |
ECC Hedge Fund Activity: Q1 2022 in Review
57 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Eagle Point Credit Company (ECC) for Q1 2022, worth a combined $118M — down 6.9% from $127M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new ECC positions and 8 closed out — a net gain of 4 holders — while 24 added to existing stakes and 10 trimmed.
The largest buyer was PNC Financial Services Group, opening a new position worth an estimated $886K. The largest seller was Verition Fund Management, cutting an estimated $2.17M.
- 57 institutional investors held Eagle Point Credit Company (ECC) as of Q1 2022, up from 53 in Q4 2021.
- Funds reported $118M of Eagle Point Credit Company stock for Q1 2022, down 6.9% quarter-over-quarter.
- 12 funds opened new Eagle Point Credit Company positions in Q1 2022 and 8 closed out, a net change of +4 holders.
- The largest Eagle Point Credit Company buyer in Q1 2022 was PNC Financial Services Group, an estimated $886K added.
- The largest Eagle Point Credit Company seller in Q1 2022 was Verition Fund Management, an estimated $2.17M sold.
Based on aggregated 13F filings for Q1 2022.