Ellsworth Growth & Income Fund
ECF
50 hedge funds and large institutions have $36.3M invested in Ellsworth Growth & Income Fund in 2022 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 18 increasing their positions, 22 reducing their positions, and 4 closing their positions.
3.11% less ownership
Funds ownership: 33.7% → 30.59% (-3.1%)
4% less funds holding
Funds holding: 52 → 50 (-2)
18% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 22
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
27% less capital invested
Capital invested by funds: $49.7M → $36.3M (-$13.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$2.58M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.59M |
| 3 |
BFM
Boothbay Fund Management
New York
|
+$870K |
| 4 |
FIA
Foundations Investment Advisors
Phoenix,
Arizona
|
+$697K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$441K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.42M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.6M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$772K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$687K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$626K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AWS
51
Atria Wealth Solutions
New York
| – | -$200K | -18,867 | Closed |
|
|
MCC
52
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$134K | -12,661 | Closed |
|
53
LPL Financial
San Diego,
California
| – | -$119K | -11,240 | Closed |
|
|
TF
54
Trek Financial
Scottsdale,
Arizona
| – | -$117K | -11,008 | Closed |
|
ECF Hedge Fund Activity: Q2 2022 in Review
50 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Ellsworth Growth & Income Fund (ECF) for Q2 2022, worth a combined $36.3M — down 27% from $49.7M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of ECF and 3 opened new positions — a net loss of 1 holder — while 22 trimmed existing stakes and 18 added.
The largest buyer was Saba Capital Management, adding an estimated $2.58M. The largest seller was Morgan Stanley, cutting an estimated $5.42M.
- 50 institutional investors held Ellsworth Growth & Income Fund (ECF) as of Q2 2022, down from 52 in Q1 2022.
- Funds reported $36.3M of Ellsworth Growth & Income Fund stock for Q2 2022, down 27% quarter-over-quarter.
- 3 funds opened new Ellsworth Growth & Income Fund positions in Q2 2022 and 4 closed out, a net change of -1 holder.
- The largest Ellsworth Growth & Income Fund buyer in Q2 2022 was Saba Capital Management, an estimated $2.58M added.
- The largest Ellsworth Growth & Income Fund seller in Q2 2022 was Morgan Stanley, an estimated $5.42M sold.
Based on aggregated 13F filings for Q2 2022.