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ERC

Allspring Multi-Sector Income Fund
ERC

54 hedge funds and large institutions have $68.5M invested in Allspring Multi-Sector Income Fund in 2019 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 20 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 1

8% more funds holding

Funds holding: 50 → 54 (+4)

1.26% less ownership

Funds ownership: 18.91% → 17.64% (-1.3%)

8% less capital invested

Capital invested by funds: $74.6M → $68.5M (-$6.04M)

40% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 20

Holders
54
Holders Change
+4
Holders Change %
+8%
% of All Funds
1.18%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
12
Reduced
20
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
+$2.13M
2
RJA
Raymond James & Associates
Florida
+$827K
3
Millennium Management
Millennium Management
New York
+$260K
4
AAM
Advisors Asset Management
Colorado
+$179K
5
First Trust Advisors
First Trust Advisors
Illinois
+$134K

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$3.15M
2
FFA
First Foundation Advisors
California
-$2.28M
3
Invesco
Invesco
Georgia
-$1.04M
4
LCM
Landscape Capital Management
New Jersey
-$781K
5
GC
Guggenheim Capital
Illinois
-$385K
Name Holding Trade Value Shares
Change 		Change in
Stake
FFA
26
First Foundation Advisors
California
$461K -$2.28M -183,187 -83%
Northwestern Mutual Wealth Management
27
Northwestern Mutual Wealth Management
Wisconsin
$461K -$26.7K -2,143 -5%
LPL Financial
28
LPL Financial
California
$421K – – –
AG
29
Advisor Group
Arizona
$401K +$46.8K +3,757 +13%
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$266K +$13.5K +1,085 +5%
Millennium Management
31
Millennium Management
New York
$257K +$260K +20,885 New
SBIA
32
Sheaff Brock Investment Advisors
Indiana
$245K – – –
RJT
33
Raymond James Trust
Florida
$236K +$4.88K +392 +2%
Fiera Capital (Canada)
34
Fiera Capital (Canada)
Quebec, Canada
$182K -$13.8K -1,105 -7%
First Trust Advisors
35
First Trust Advisors
Illinois
$133K +$134K +10,758 New
HCM
36
Hollencrest Capital Management
California
$132K – – –
QPWM
37
Quadrant Private Wealth Management
Pennsylvania
$128K +$129K +10,350 New
FIA
38
FNY Investment Advisers
New York
$80K +$65.7K +5,279 +434%
Wells Fargo
39
Wells Fargo
California
$67K +$4.31K +346 +7%
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$63K – – –
SPIA
41
Steward Partners Investment Advisory
New York
$39K -$25 -2 -0.1%
Citigroup
42
Citigroup
New York
$32K – – –
QCIG
43
Quad-Cities Investment Group
Iowa
$31K +$548 +44 +2%
RIA
44
RPG Investment Advisory
California
$29K – – –
CFA
45
Carroll Financial Associates
North Carolina
$27K – – –
SSB
46
Sandy Spring Bank
Maryland
$21K – – –
FWM
47
Focused Wealth Management
New York
$19K – – –
PAM
48
Panagora Asset Management
Massachusetts
$14K +$13.7K +1,104 New
GWMIA
49
Global Wealth Management Investment Advisory
Florida
$10K – – –
TFS
50
TrustCore Financial Services
Tennessee
$10K – – –
1
2
3

ERC Hedge Fund Activity: Q3 2019 in Review

54 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Allspring Multi-Sector Income Fund (ERC) for Q3 2019, worth a combined $68.5M — down 8.1% from $74.6M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new ERC positions and 1 closed out — a net gain of 4 holders — while 12 added to existing stakes and 20 trimmed.

The largest buyer was Shaker Financial Services, opening a new position worth an estimated $2.13M. The largest seller was Ameriprise, cutting an estimated $3.15M.

  • 54 institutional investors held Allspring Multi-Sector Income Fund (ERC) as of Q3 2019, up from 50 in Q2 2019.
  • Funds reported $68.5M of Allspring Multi-Sector Income Fund stock for Q3 2019, down 8.1% quarter-over-quarter.
  • 5 funds opened new Allspring Multi-Sector Income Fund positions in Q3 2019 and 1 closed out, a net change of +4 holders.
  • The largest Allspring Multi-Sector Income Fund buyer in Q3 2019 was Shaker Financial Services, an estimated $2.13M added.
  • The largest Allspring Multi-Sector Income Fund seller in Q3 2019 was Ameriprise, an estimated $3.15M sold.

Based on aggregated 13F filings for Q3 2019.