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ECF

Ellsworth Growth & Income Fund
ECF

31 hedge funds and large institutions have $38.5M invested in Ellsworth Growth & Income Fund in 2015 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 16 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.27% less ownership

Funds ownership: 34.68% → 31.41% (-3.3%)

9% less capital invested

Capital invested by funds: $42.5M → $38.5M (-$3.97M)

21% less funds holding

Funds holding: 39 → 31 (-8)

56% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 16

80% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 10

Holders
31
Holders Change
-8
Holders Change %
-20.51%
% of All Funds
0.83%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
7
Reduced
16
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.38M
2
SIA
Sit Investment Associates
Minnesota
+$494K
3
ST
Sentinel Trust
Texas
+$205K
4
UBS Group
UBS Group
Switzerland
+$165K
5
Bank of America
Bank of America
North Carolina
+$91K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$938K
2
LJAC
L.J. Altfest & Co
New York
-$824K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$671K
4
SFS
Shaker Financial Services
Virginia
-$578K
5
WAM
Wolverine Asset Management
Illinois
-$569K
Name Holding Trade Value Shares
Change 		Change in
Stake
DI
26
Dalton Investments
Nevada
$106K -$268K -31,065 -72%
Citigroup
27
Citigroup
New York
$34K -$339K -39,331 -91%
PAM
28
Panagora Asset Management
Massachusetts
$23K +$19.1K +2,208 +552%
Creative Planning
29
Creative Planning
Kansas
$10K -$17.4K -2,018 -63%
BBPWM
30
Blue Bell Private Wealth Management
Pennsylvania
$5K – – –
TRCT
31
Tower Research Capital (TRC)
New York
$1K -$1.92K -222 -73%
LJAC
32
L.J. Altfest & Co
New York
– -$824K -94,565 Closed
SFS
33
Shaker Financial Services
Virginia
– -$578K -66,318 Closed
WAM
34
Wolverine Asset Management
Illinois
– -$569K -65,410 Closed
AQR Capital Management
35
AQR Capital Management
Connecticut
– -$298K -34,117 Closed
MIG
36
Mariner Investment Group
New York
– -$275K -31,596 Closed
WAM
37
Weiss Asset Management
Massachusetts
– -$215K -24,655 Closed
AA
38
Ancora Advisors
Ohio
– -$148K -17,000 Closed
TCM
39
Tradewinds Capital Management
Washington
– -$24K -2,780 Closed
BRWA
40
B. Riley Wealth Advisors
Florida
– -$2 -260 Closed
RC
41
RegentAtlantic Capital
New Jersey
– -$1.71K -196 Closed
1
2

ECF Hedge Fund Activity: Q1 2015 in Review

31 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Ellsworth Growth & Income Fund (ECF) for Q1 2015, worth a combined $38.5M — down 9.3% from $42.5M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of ECF and 2 opened new positions — a net loss of 8 holders — while 16 trimmed existing stakes and 7 added.

The largest buyer was Morgan Stanley, adding an estimated $1.38M. The largest seller was Wells Fargo, cutting an estimated $938K.

  • 31 institutional investors held Ellsworth Growth & Income Fund (ECF) as of Q1 2015, down from 39 in Q4 2014.
  • Funds reported $38.5M of Ellsworth Growth & Income Fund stock for Q1 2015, down 9.3% quarter-over-quarter.
  • 2 funds opened new Ellsworth Growth & Income Fund positions in Q1 2015 and 10 closed out, a net change of -8 holders.
  • The largest Ellsworth Growth & Income Fund buyer in Q1 2015 was Morgan Stanley, an estimated $1.38M added.
  • The largest Ellsworth Growth & Income Fund seller in Q1 2015 was Wells Fargo, an estimated $938K sold.

Based on aggregated 13F filings for Q1 2015.