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ERC

Allspring Multi-Sector Income Fund
ERC

62 hedge funds and large institutions have $145M invested in Allspring Multi-Sector Income Fund in 2014 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 22 increasing their positions, 17 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 2

29% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 17

15% more funds holding

Funds holding: 54 → 62 (+8)

6% more capital invested

Capital invested by funds: $137M → $145M (+$8.23M)

1.21% more ownership

Funds ownership: 19.16% → 20.37% (+1.2%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
62
Holders Change
+8
Holders Change %
+14.81%
% of All Funds
1.78%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
10
Increased
22
Reduced
17
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SAM
Selway Asset Management
+$2.9M
2
U
UBS
Switzerland
+$2.41M
3
SCM
Saba Capital Management
New York
+$2.25M
4
PPA
Parametric Portfolio Associates
Washington
+$1.45M
5
KSCM
Kamunting Street Capital Management
Florida
+$1.15M

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$2.76M
2
AAM
Advisors Asset Management
Colorado
-$2.33M
3
1CP
1607 Capital Partners
Virginia
-$1.49M
4
GC
Guggenheim Capital
Illinois
-$1.23M
5
BCMU
BlueCrest Capital Management (UK)
Guernsey
-$313K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
26
Bank of America
North Carolina
$932K +$250K +16,979 +37%
Susquehanna International Group
27
Susquehanna International Group
Pennsylvania
$860K -$75.3K -5,107 -8%
MIG
28
Mariner Investment Group
New York
$855K +$845K +57,353 New
LPL Financial
29
LPL Financial
California
$755K -$39.9K -2,706 -5%
FFA
30
First Foundation Advisors
California
$694K +$209K +14,147 +44%
SI
31
SII Investments
Wisconsin
$608K -$39.2K -2,662 -6%
TC
32
TFS Capital
Pennsylvania
$603K +$123K +8,345 +26%
AAM
33
Advisors Asset Management
Colorado
$592K -$2.33M -158,142 -80%
IMS
34
Index Management Solutions
Pennsylvania
$587K +$284K +19,236 +96%
AR
35
Advisory Research
Illinois
$565K – – –
SFS
36
Shaker Financial Services
Virginia
$472K +$467K +31,693 New
LCM
37
Landscape Capital Management
New Jersey
$447K +$10.5K +714 +2%
Cambridge Investment Research Advisors
38
Cambridge Investment Research Advisors
Iowa
$445K -$6.29K -427 -1%
HCM
39
Hollencrest Capital Management
California
$428K – – –
Envestnet Asset Management
40
Envestnet Asset Management
Illinois
$342K +$232K +15,710 +218%
UCFA
41
United Capital Financial Advisors
Texas
$342K +$338K +22,923 New
LTFS
42
Ladenburg Thalmann Financial Services
Florida
$322K +$22.7K +1,542 +8%
Goldman Sachs
43
Goldman Sachs
New York
$305K +$68.2K +4,624 +29%
AIG
44
American International Group
New York
$284K +$168K +11,400 +148%
OA
45
Oxbow Advisors
Texas
$242K – – –
ICAS
46
Investors Capital Advisory Services
Massachusetts
$217K +$501 +34 +0.2%
OC
47
Oppenheimer & Co
New York
$194K -$26K -1,764 -12%
AP
48
Advisors Preferred
Maryland
$179K -$24.5K -1,665 -12%
IAS
49
IMA Advisory Services
Colorado
$168K – – –
WAM
50
Wolverine Asset Management
Illinois
$125K -$148K -10,048 -54%
1
2
3

ERC Hedge Fund Activity: Q2 2014 in Review

62 of the 3,481 institutional investors tracked by Wall St. Rank reported a position in Allspring Multi-Sector Income Fund (ERC) for Q2 2014, worth a combined $145M — up 6% from $137M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new ERC positions and 2 closed out — a net gain of 8 holders — while 22 added to existing stakes and 17 trimmed.

The largest buyer was Selway Asset Management, opening a new position worth an estimated $2.9M. The largest seller was Sit Investment Associates, cutting an estimated $2.76M.

  • 62 institutional investors held Allspring Multi-Sector Income Fund (ERC) as of Q2 2014, up from 54 in Q1 2014.
  • Funds reported $145M of Allspring Multi-Sector Income Fund stock for Q2 2014, up 6% quarter-over-quarter.
  • 10 funds opened new Allspring Multi-Sector Income Fund positions in Q2 2014 and 2 closed out, a net change of +8 holders.
  • The largest Allspring Multi-Sector Income Fund buyer in Q2 2014 was Selway Asset Management, an estimated $2.9M added.
  • The largest Allspring Multi-Sector Income Fund seller in Q2 2014 was Sit Investment Associates, an estimated $2.76M sold.

Based on aggregated 13F filings for Q2 2014.