Allspring Multi-Sector Income Fund
ERC
60 hedge funds and large institutions have $174M invested in Allspring Multi-Sector Income Fund in 2017 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 33 reducing their positions, and 10 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less funds holding
Funds holding: 63 → 60 (-3)
10.81% less ownership
Funds ownership: 42.46% → 31.65% (-11%)
25% less capital invested
Capital invested by funds: $233M → $174M (-$59M)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
52% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 33
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$9.56M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$4.81M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$2.74M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.31M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$38M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$17.4M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$13.5M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$3.19M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$2.01M |
ERC Hedge Fund Activity: Q2 2017 in Review
60 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Allspring Multi-Sector Income Fund (ERC) for Q2 2017, worth a combined $174M — down 25% from $233M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of ERC and 7 opened new positions — a net loss of 3 holders — while 33 trimmed existing stakes and 16 added.
The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $9.56M. The largest seller was Saba Capital Management, cutting an estimated $38M.
- 60 institutional investors held Allspring Multi-Sector Income Fund (ERC) as of Q2 2017, down from 63 in Q1 2017.
- Funds reported $174M of Allspring Multi-Sector Income Fund stock for Q2 2017, down 25% quarter-over-quarter.
- 7 funds opened new Allspring Multi-Sector Income Fund positions in Q2 2017 and 10 closed out, a net change of -3 holders.
- The largest Allspring Multi-Sector Income Fund buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $9.56M added.
- The largest Allspring Multi-Sector Income Fund seller in Q2 2017 was Saba Capital Management, an estimated $38M sold.
Based on aggregated 13F filings for Q2 2017.