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ERC

Allspring Multi-Sector Income Fund
ERC

63 hedge funds and large institutions have $217M invested in Allspring Multi-Sector Income Fund in 2016 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 21 increasing their positions, 19 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 6

11% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 19

5% more funds holding

Funds holding: 60 → 63 (+3)

2.06% more ownership

Funds ownership: 39.03% → 41.09% (+2.1%)

2% more capital invested

Capital invested by funds: $213M → $217M (+$3.86M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
63
Holders Change
+3
Holders Change %
+5%
% of All Funds
1.57%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
10
Increased
21
Reduced
19
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$5.22M
2
SIA
Sit Investment Associates
Minnesota
+$4.71M
3
UBS Group
UBS Group
Switzerland
+$1.87M
4
COLIM
City of London Investment Management
United Kingdom
+$1.19M
5
LCM
Landscape Capital Management
New Jersey
+$1.04M

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$4.66M
2
Citigroup
Citigroup
New York
-$4.54M
3
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
-$3.84M
4
CRC
Curi RMB Capital
Illinois
-$715K
5
Morgan Stanley
Morgan Stanley
New York
-$468K
Name Holding Trade Value Shares
Change 		Change in
Stake
LCM
26
Laurion Capital Management
New York
$976K -$4.66M -369,697 -83%
LPL Financial
27
LPL Financial
California
$668K +$49.2K +3,899 +8%
AA
28
Ancora Advisors
Ohio
$628K +$618K +49,000 New
AMH
29
Apollo Management Holdings
New York
$565K – – –
RJFSA
30
Raymond James Financial Services Advisors
Florida
$545K +$56.4K +4,472 +12%
DA
31
Doliver Advisors
Texas
$536K +$251K +19,895 +91%
YCM
32
Yakira Capital Management
Connecticut
$514K +$506K +40,100 New
CAS
33
Cue Advisory Services
Arizona
$505K -$327K -25,875 -40%
SI
34
SII Investments
Wisconsin
$497K -$8.83K -700 -2%
GC
35
Guggenheim Capital
Illinois
$496K -$28.8K -2,284 -6%
Millennium Management
36
Millennium Management
New York
$462K +$455K +36,023 New
CCP
37
Clough Capital Partners
Massachusetts
$409K +$403K +31,900 New
RJT
38
Raymond James Trust
Florida
$383K – – –
CL
39
CSS LLC
Illinois
$349K +$344K +27,230 New
ACP
40
Aviance Capital Partners
Florida
$332K +$71.9K +5,696 +28%
MIG
41
Mariner Investment Group
New York
$321K +$315K +25,000 New
Cambridge Investment Research Advisors
42
Cambridge Investment Research Advisors
Iowa
$219K -$185K -14,700 -46%
SBIA
43
Sheaff Brock Investment Advisors
Indiana
$204K +$201K +15,915 New
AG
44
Advisor Group
Arizona
$190K -$24K -1,900 -11%
HCM
45
Hollencrest Capital Management
California
$184K – – –
TSS
46
Two Sigma Securities
New York
$152K +$150K +11,872 New
WS
47
Wedbush Securities
California
$146K +$144K +11,417 New
IA
48
IFP Advisors
Florida
$107K -$5.75K -456 -5%
MFS
49
MSI Financial Services
Massachusetts
$72K +$53K +4,199 +302%
WEC
50
Winslow Evans & Crocker
Massachusetts
$60.9K – – –
1
2
3

ERC Hedge Fund Activity: Q4 2016 in Review

63 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Allspring Multi-Sector Income Fund (ERC) for Q4 2016, worth a combined $217M — up 1.8% from $213M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new ERC positions and 6 closed out — a net gain of 4 holders — while 21 added to existing stakes and 19 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $5.22M. The largest seller was Laurion Capital Management, cutting an estimated $4.66M.

  • 63 institutional investors held Allspring Multi-Sector Income Fund (ERC) as of Q4 2016, up from 60 in Q3 2016.
  • Funds reported $217M of Allspring Multi-Sector Income Fund stock for Q4 2016, up 1.8% quarter-over-quarter.
  • 10 funds opened new Allspring Multi-Sector Income Fund positions in Q4 2016 and 6 closed out, a net change of +4 holders.
  • The largest Allspring Multi-Sector Income Fund buyer in Q4 2016 was Saba Capital Management, an estimated $5.22M added.
  • The largest Allspring Multi-Sector Income Fund seller in Q4 2016 was Laurion Capital Management, an estimated $4.66M sold.

Based on aggregated 13F filings for Q4 2016.