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ECF

Ellsworth Growth & Income Fund
ECF

36 hedge funds and large institutions have $37.5M invested in Ellsworth Growth & Income Fund in 2013 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 12 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

9% more funds holding

Funds holding: 33 → 36 (+3)

6% more capital invested

Capital invested by funds: $35.2M → $37.5M (+$2.27M)

0.57% more ownership

Funds ownership: 33.28% → 33.84% (+0.57%)

0% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 12

Holders
36
Holders Change
+3
Holders Change %
+9.09%
% of All Funds
1.04%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
12
Reduced
12
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$2.52M
2
1CP
1607 Capital Partners
Virginia
+$419K
3
AAM
Advisors Asset Management
Colorado
+$294K
4
Morgan Stanley
Morgan Stanley
New York
+$279K
5
WAM
Wolverine Asset Management
Illinois
+$261K

Top Sellers

Rank Fund Capital Flow
1
JGUA
John G. Ullman & Associates
New York
-$2M
2
BI
Bulldog Investors
New Jersey
-$640K
3
DA
Doliver Advisors
Texas
-$463K
4
GFM
Gramercy Funds Management
Connecticut
-$380K
5
AQR Capital Management
AQR Capital Management
Connecticut
-$332K
Name Holding Trade Value Shares
Change 		Change in
Stake
SG Americas Securities
26
SG Americas Securities
New York
$143K +$140K +17,441 New
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$119K +$288 +36 +0.2%
TC
28
TFS Capital
Pennsylvania
$115K -$53.2K -6,642 -32%
JGUA
29
John G. Ullman & Associates
New York
$111K -$2M -249,338 -95%
SCM
30
Saba Capital Management
New York
$105K +$103K +12,860 New
ACP
31
Aviance Capital Partners
Florida
$86K -$9.47K -1,182 -10%
BBPWM
32
Blue Bell Private Wealth Management
Pennsylvania
$30K +$29.6K +3,691 New
TCM
33
Tradewinds Capital Management
Washington
$23K +$22.3K +2,780 New
Bank of America
34
Bank of America
North Carolina
$16K +$112 +14 +0.7%
Creative Planning
35
Creative Planning
Kansas
$11K +$10.9K +1,362 New
AQR Capital Management
36
AQR Capital Management
Connecticut
– -$332K -42,244 Closed
KIM
37
Karpus Investment Management
New York
– -$143K -18,160 Closed
BRWA
38
B. Riley Wealth Advisors
Florida
– -$44K -5,652 Closed
TF
39
Tompkins Financial
New York
– -$20K -2,500 Closed
US Bancorp
40
US Bancorp
Minnesota
– -$16K -2,073 Closed
TRCT
41
Tower Research Capital (TRC)
New York
– +$16 +2 New
1
2

ECF Hedge Fund Activity: Q4 2013 in Review

36 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Ellsworth Growth & Income Fund (ECF) for Q4 2013, worth a combined $37.5M — up 6.4% from $35.2M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new ECF positions and 5 closed out — a net gain of 3 holders — while 12 added to existing stakes and 12 trimmed.

The largest buyer was Wells Fargo, adding an estimated $2.52M. The largest seller was John G. Ullman & Associates, cutting an estimated $2M.

  • 36 institutional investors held Ellsworth Growth & Income Fund (ECF) as of Q4 2013, up from 33 in Q3 2013.
  • Funds reported $37.5M of Ellsworth Growth & Income Fund stock for Q4 2013, up 6.4% quarter-over-quarter.
  • 8 funds opened new Ellsworth Growth & Income Fund positions in Q4 2013 and 5 closed out, a net change of +3 holders.
  • The largest Ellsworth Growth & Income Fund buyer in Q4 2013 was Wells Fargo, an estimated $2.52M added.
  • The largest Ellsworth Growth & Income Fund seller in Q4 2013 was John G. Ullman & Associates, an estimated $2M sold.

Based on aggregated 13F filings for Q4 2013.