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ERC

Allspring Multi-Sector Income Fund
ERC

57 hedge funds and large institutions have $141M invested in Allspring Multi-Sector Income Fund in 2015 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 30 increasing their positions, 11 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

173% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 11

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

2.71% more ownership

Funds ownership: 22.44% → 25.15% (+2.7%)

3% more capital invested

Capital invested by funds: $137M → $141M (+$4.3M)

5% less funds holding

Funds holding: 60 → 57 (-3)

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

Holders
57
Holders Change
-3
Holders Change %
-5%
% of All Funds
1.54%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
5
Increased
30
Reduced
11
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$4.21M
2
SIA
Sit Investment Associates
Minnesota
+$2.11M
3
RCM
Rivernorth Capital Management
Florida
+$1.58M
4
AA
Ancora Advisors
Ohio
+$1.56M
5
VIA
Vident Investment Advisory
Georgia
+$1.56M

Top Sellers

Rank Fund Capital Flow
1
Citigroup
Citigroup
New York
-$1.19M
2
RJFSA
Raymond James Financial Services Advisors
Florida
-$1.18M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$779K
4
KSCM
Kamunting Street Capital Management
Florida
-$503K
5
GC
Guggenheim Capital
Illinois
-$431K
Name Holding Trade Value Shares
Change 		Change in
Stake
YMRC
26
Yorktown Management & Research Company
Virginia
$1.05M +$133K +10,000 +14%
COLIM
27
City of London Investment Management
United Kingdom
$1.04M – – –
GC
28
Guggenheim Capital
Illinois
$1.01M -$431K -32,493 -29%
BA
29
BlackRock Advisors
Delaware
$900K +$610K +45,993 +183%
PVWM
30
Point View Wealth Management
New Jersey
$894K +$593K +44,687 +172%
Stifel Financial
31
Stifel Financial
Missouri
$809K +$446K +33,580 +111%
LPL Financial
32
LPL Financial
California
$616K -$54.5K -4,104 -8%
SI
33
SII Investments
Wisconsin
$494K – – –
Susquehanna International Group
34
Susquehanna International Group
Pennsylvania
$446K – – –
AAM
35
Advisors Asset Management
Colorado
$437K +$194K +14,585 +73%
Cambridge Investment Research Advisors
36
Cambridge Investment Research Advisors
Iowa
$420K +$86.5K +6,515 +24%
Goldman Sachs
37
Goldman Sachs
New York
$417K +$181K +13,659 +71%
PAM
38
Panagora Asset Management
Massachusetts
$415K +$413K +31,088 +1,872%
CRC
39
Curi RMB Capital
Illinois
$370K +$388K +29,249 New
LTFS
40
Ladenburg Thalmann Financial Services
Florida
$345K -$66 -5 -0%
AIG
41
American International Group
New York
$250K +$8.45K +637 +3%
FFA
42
First Foundation Advisors
California
$212K -$92.5K -6,970 -29%
OA
43
Oxbow Advisors
Texas
$206K – – –
ICAS
44
Investors Capital Advisory Services
Massachusetts
$192K +$531 +40 +0.3%
HCM
45
Hollencrest Capital Management
California
$181K – – –
SGCA
46
Steel Grove Capital Advisors
Tennessee
$137K +$144K +10,830 New
WEC
47
Winslow Evans & Crocker
Massachusetts
$78.5K +$398 +30 +0.5%
SSB
48
Sandy Spring Bank
Maryland
$63K – – –
PNC Financial Services Group
49
PNC Financial Services Group
Pennsylvania
$39K +$279 +21 +0.7%
Wells Fargo
50
Wells Fargo
California
$36K +$9.63K +726 +35%
1
2
3

ERC Hedge Fund Activity: Q2 2015 in Review

57 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Allspring Multi-Sector Income Fund (ERC) for Q2 2015, worth a combined $141M — up 3.1% from $137M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of ERC and 5 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 30 added.

The largest buyer was Saba Capital Management, adding an estimated $4.21M. The largest seller was Citigroup, cutting an estimated $1.19M.

  • 57 institutional investors held Allspring Multi-Sector Income Fund (ERC) as of Q2 2015, down from 60 in Q1 2015.
  • Funds reported $141M of Allspring Multi-Sector Income Fund stock for Q2 2015, up 3.1% quarter-over-quarter.
  • 5 funds opened new Allspring Multi-Sector Income Fund positions in Q2 2015 and 8 closed out, a net change of -3 holders.
  • The largest Allspring Multi-Sector Income Fund buyer in Q2 2015 was Saba Capital Management, an estimated $4.21M added.
  • The largest Allspring Multi-Sector Income Fund seller in Q2 2015 was Citigroup, an estimated $1.19M sold.

Based on aggregated 13F filings for Q2 2015.