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ERC

Allspring Multi-Sector Income Fund
ERC

70 hedge funds and large institutions have $168M invested in Allspring Multi-Sector Income Fund in 2015 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 26 increasing their positions, 15 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 5

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

73% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 15

20% more capital invested

Capital invested by funds: $140M → $168M (+$27.8M)

9% more funds holding

Funds holding: 64 → 70 (+6)

5.91% more ownership

Funds ownership: 29.3% → 35.21% (+5.9%)

Holders
70
Holders Change
+6
Holders Change %
+9.38%
% of All Funds
1.84%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
11
Increased
26
Reduced
15
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$16M
2
NL
NWAM LLC
Washington
+$4.12M
3
Citigroup
Citigroup
New York
+$2.09M
4
LCM
Landscape Capital Management
New Jersey
+$1.89M
5
KIG
Kovitz Investment Group
Illinois
+$1.53M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$1.15M
2
DA
Doliver Advisors
Texas
-$1.13M
3
CRC
Curi RMB Capital
Illinois
-$944K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$911K
5
Bank of America
Bank of America
North Carolina
-$388K
Name Holding Trade Value Shares
Change 		Change in
Stake
Deutsche Bank
26
Deutsche Bank
Germany
$1.13M – – –
YMRC
27
Yorktown Management & Research Company
Virginia
$940K – – –
COLIM
28
City of London Investment Management
United Kingdom
$937K – – –
RJFSA
29
Raymond James Financial Services Advisors
Florida
$858K +$188K +16,255 +27%
LPL Financial
30
LPL Financial
California
$857K +$383K +33,066 +81%
MIG
31
Mariner Investment Group
New York
$826K – – –
BA
32
BlackRock Advisors
Delaware
$805K – – –
CAS
33
Cue Advisory Services
Arizona
$800K -$135K -11,650 -14%
Stifel Financial
34
Stifel Financial
Missouri
$783K +$121K +10,452 +18%
MC
35
Matisse Capital
Oregon
$771K +$789K +68,153 New
CRC
36
Curi RMB Capital
Illinois
$579K -$944K -81,564 -61%
GC
37
Guggenheim Capital
Illinois
$544K -$300K -25,897 -35%
Cambridge Investment Research Advisors
38
Cambridge Investment Research Advisors
Iowa
$482K +$197K +17,000 +67%
SFS
39
Shaker Financial Services
Virginia
$458K +$52.7K +4,556 +13%
SI
40
SII Investments
Wisconsin
$450K – – –
VKH
41
Virtu KCG Holdings
New York
$450K +$210K +18,162 +84%
SG Americas Securities
42
SG Americas Securities
New York
$426K +$436K +37,649 New
Susquehanna International Group
43
Susquehanna International Group
Pennsylvania
$421K +$22K +1,900 +5%
AAM
44
Advisors Asset Management
Colorado
$393K +$1.06K +92 +0.3%
WAM
45
Weiss Asset Management
Massachusetts
$387K +$396K +34,213 New
RJT
46
Raymond James Trust
Florida
$361K +$118K +10,230 +47%
LTFS
47
Ladenburg Thalmann Financial Services
Florida
$345K +$39.6K +3,419 +13%
RCM
48
Robinson Capital Management
Michigan
$245K +$250K +21,605 New
AIG
49
American International Group
New York
$200K +$3.12K +270 +2%
HCM
50
Hollencrest Capital Management
California
$162K – – –
1
2
3

ERC Hedge Fund Activity: Q4 2015 in Review

70 of the 3,813 institutional investors tracked by Wall St. Rank reported a position in Allspring Multi-Sector Income Fund (ERC) for Q4 2015, worth a combined $168M — up 20% from $140M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new ERC positions and 5 closed out — a net gain of 6 holders — while 26 added to existing stakes and 15 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $16M. The largest seller was UBS Group, cutting an estimated $1.15M.

  • 70 institutional investors held Allspring Multi-Sector Income Fund (ERC) as of Q4 2015, up from 64 in Q3 2015.
  • Funds reported $168M of Allspring Multi-Sector Income Fund stock for Q4 2015, up 20% quarter-over-quarter.
  • 11 funds opened new Allspring Multi-Sector Income Fund positions in Q4 2015 and 5 closed out, a net change of +6 holders.
  • The largest Allspring Multi-Sector Income Fund buyer in Q4 2015 was Saba Capital Management, an estimated $16M added.
  • The largest Allspring Multi-Sector Income Fund seller in Q4 2015 was UBS Group, an estimated $1.15M sold.

Based on aggregated 13F filings for Q4 2015.