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ERC

Allspring Multi-Sector Income Fund
ERC

57 hedge funds and large institutions have $198M invested in Allspring Multi-Sector Income Fund in 2016 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 22 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more capital invested

Capital invested by funds: $191M → $198M (+$6.47M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.9% less ownership

Funds ownership: 38.05% → 37.15% (-0.9%)

8% less funds holding

Funds holding: 62 → 57 (-5)

23% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 22

50% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 10

Holders
57
Holders Change
-5
Holders Change %
-8.06%
% of All Funds
1.52%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
5
Increased
17
Reduced
22
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$7M
2
SIA
Sit Investment Associates
Minnesota
+$6.61M
3
IA
Icon Advisers
Colorado
+$2.23M
4
RCM
Rivernorth Capital Management
Florida
+$2.16M
5
FFA
First Foundation Advisors
California
+$1.94M

Top Sellers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
-$13.1M
2
FIMG
Financial & Investment Management Group
Michigan
-$2.56M
3
VIA
Vident Investment Advisory
Georgia
-$1.96M
4
LCM
Laurion Capital Management
New York
-$1.26M
5
AA
AQR Arbitrage
Connecticut
-$1.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
26
Stifel Financial
Missouri
$981K -$63.8K -5,164 -6%
LTFS
27
Ladenburg Thalmann Financial Services
Florida
$817K +$169K +13,691 +27%
CAS
28
Cue Advisory Services
Arizona
$787K +$42.5K +3,435 +6%
State of New Jersey Common Pension Fund D
29
State of New Jersey Common Pension Fund D
New Jersey
$759K – – –
GC
30
Guggenheim Capital
Illinois
$653K -$44K -3,564 -6%
AA
31
AQR Arbitrage
Connecticut
$616K -$1.1M -88,869 -65%
LPL Financial
32
LPL Financial
California
$610K -$336K -27,159 -36%
AAM
33
Advisors Asset Management
Colorado
$610K +$186K +15,072 +45%
SI
34
SII Investments
Wisconsin
$494K – – –
RJFSA
35
Raymond James Financial Services Advisors
Florida
$461K -$28.1K -2,276 -6%
Cambridge Investment Research Advisors
36
Cambridge Investment Research Advisors
Iowa
$441K -$21K -1,700 -5%
COLIM
37
City of London Investment Management
United Kingdom
$416K -$1.01M -81,871 -71%
RJT
38
Raymond James Trust
Florida
$382K -$2.52K -204 -0.7%
ACP
39
Aviance Capital Partners
Florida
$334K +$70.1K +5,672 +27%
VKH
40
Virtu KCG Holdings
New York
$255K -$191K -15,490 -43%
AA
41
Ancora Advisors
Ohio
$240K -$525K -42,500 -69%
AG
42
Advisor Group
Arizona
$222K +$218K +17,641 New
Wells Fargo
43
Wells Fargo
California
$187K +$138K +11,151 +305%
HCM
44
Hollencrest Capital Management
California
$181K – – –
ICAS
45
Investors Capital Advisory Services
Massachusetts
$169K – – –
IA
46
IFP Advisors
Florida
$108K +$105K +8,506 New
WEC
47
Winslow Evans & Crocker
Massachusetts
$60K +$12 +1 +0%
PNC Financial Services Group
48
PNC Financial Services Group
Pennsylvania
$40K +$198 +16 +0.5%
SSB
49
Sandy Spring Bank
Maryland
$32K – – –
CFA
50
Carroll Financial Associates
North Carolina
$28K – – –
1
2
3

ERC Hedge Fund Activity: Q2 2016 in Review

57 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Allspring Multi-Sector Income Fund (ERC) for Q2 2016, worth a combined $198M — up 3.4% from $191M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of ERC and 5 opened new positions — a net loss of 5 holders — while 22 trimmed existing stakes and 17 added.

The largest buyer was Saba Capital Management, adding an estimated $7M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $13.1M sold.

  • 57 institutional investors held Allspring Multi-Sector Income Fund (ERC) as of Q2 2016, down from 62 in Q1 2016.
  • Funds reported $198M of Allspring Multi-Sector Income Fund stock for Q2 2016, up 3.4% quarter-over-quarter.
  • 5 funds opened new Allspring Multi-Sector Income Fund positions in Q2 2016 and 10 closed out, a net change of -5 holders.
  • The largest Allspring Multi-Sector Income Fund buyer in Q2 2016 was Saba Capital Management, an estimated $7M added.
  • The largest Allspring Multi-Sector Income Fund seller in Q2 2016 was Parametric Portfolio Associates, an estimated $13.1M sold.

Based on aggregated 13F filings for Q2 2016.