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ECF

Ellsworth Growth & Income Fund
ECF

35 hedge funds and large institutions have $40.1M invested in Ellsworth Growth & Income Fund in 2014 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 12 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% more capital invested

Capital invested by funds: $37.5M → $40.1M (+$2.58M)

0.22% less ownership

Funds ownership: 33.84% → 33.62% (-0.22%)

8% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 12

3% less funds holding

Funds holding: 36 → 35 (-1)

20% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 5

Holders
35
Holders Change
-1
Holders Change %
-2.78%
% of All Funds
1.01%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
11
Reduced
12
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DA
Doliver Advisors
Texas
+$585K
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$497K
3
U
UBS
Switzerland
+$368K
4
MFS
MSI Financial Services
Massachusetts
+$341K
5
RJA
Raymond James & Associates
Florida
+$295K

Top Sellers

Rank Fund Capital Flow
1
GFM
Gramercy Funds Management
Connecticut
-$1.24M
2
Morgan Stanley
Morgan Stanley
New York
-$563K
3
WAM
Wolverine Asset Management
Illinois
-$409K
4
SG Americas Securities
SG Americas Securities
New York
-$143K
5
TC
TFS Capital
Pennsylvania
-$115K
Name Holding Trade Value Shares
Change 		Change in
Stake
AllianceBernstein
26
AllianceBernstein
Tennessee
$159K +$155K +18,534 New
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$125K +$59 +7 +0%
SCM
28
Saba Capital Management
New York
$111K – – –
First Trust Advisors
29
First Trust Advisors
Illinois
$96K +$93.3K +11,135 New
VKH
30
Virtu KCG Holdings
New York
$91K +$89.1K +10,631 New
TCM
31
Tradewinds Capital Management
Washington
$24K – – –
Bank of America
32
Bank of America
North Carolina
$17K – – –
PCM
33
Prelude Capital Management
New York
$8K +$7.43K +887 New
BBPWM
34
Blue Bell Private Wealth Management
Pennsylvania
$5K -$25.7K -3,070 -83%
SG Americas Securities
35
SG Americas Securities
New York
– -$143K -17,441 Closed
TC
36
TFS Capital
Pennsylvania
– -$115K -14,054 Closed
JGUA
37
John G. Ullman & Associates
New York
– -$111K -13,500 Closed
ACP
38
Aviance Capital Partners
Florida
– -$86K -10,488 Closed
Creative Planning
39
Creative Planning
Kansas
– -$11K -1,362 Closed
TRCT
40
Tower Research Capital (TRC)
New York
– -$8 -1 -50%
1
2

ECF Hedge Fund Activity: Q1 2014 in Review

35 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Ellsworth Growth & Income Fund (ECF) for Q1 2014, worth a combined $40.1M — up 6.9% from $37.5M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of ECF and 4 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 11 added.

The largest buyer was Doliver Advisors, adding an estimated $585K. The largest seller was Gramercy Funds Management, cutting an estimated $1.24M.

  • 35 institutional investors held Ellsworth Growth & Income Fund (ECF) as of Q1 2014, down from 36 in Q4 2013.
  • Funds reported $40.1M of Ellsworth Growth & Income Fund stock for Q1 2014, up 6.9% quarter-over-quarter.
  • 4 funds opened new Ellsworth Growth & Income Fund positions in Q1 2014 and 5 closed out, a net change of -1 holder.
  • The largest Ellsworth Growth & Income Fund buyer in Q1 2014 was Doliver Advisors, an estimated $585K added.
  • The largest Ellsworth Growth & Income Fund seller in Q1 2014 was Gramercy Funds Management, an estimated $1.24M sold.

Based on aggregated 13F filings for Q1 2014.