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ERC

Allspring Multi-Sector Income Fund
ERC

56 hedge funds and large institutions have $70.1M invested in Allspring Multi-Sector Income Fund in 2019 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 15 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 6

27% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 15

4% more funds holding

Funds holding: 54 → 56 (+2)

2% more capital invested

Capital invested by funds: $68.5M → $70.1M (+$1.6M)

0.33% less ownership

Funds ownership: 17.64% → 17.31% (-0.33%)

Holders
56
Holders Change
+2
Holders Change %
+3.7%
% of All Funds
1.1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
19
Reduced
15
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$640K
2
LTFS
Ladenburg Thalmann Financial Services
Florida
+$177K
3
RJA
Raymond James & Associates
Florida
+$162K
4
SWM
SeaCrest Wealth Management
New York
+$160K
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$144K

Top Sellers

Rank Fund Capital Flow
1
LCM
Landscape Capital Management
New Jersey
-$2.34M
2
Cohen & Steers
Cohen & Steers
New York
-$268K
3
Millennium Management
Millennium Management
New York
-$257K
4
SFS
Shaker Financial Services
Virginia
-$210K
5
Morgan Stanley
Morgan Stanley
New York
-$153K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
26
LPL Financial
California
$430K -$8.82K -700 -2%
AG
27
Advisor Group
Arizona
$427K +$8.32K +660 +2%
FFA
28
First Foundation Advisors
California
$424K -$55.6K -4,408 -12%
LWP
29
Legacy Wealth Planning
Nevada
$348K +$340K +26,989 New
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$267K -$9.7K -770 -4%
LCM
31
Landscape Capital Management
New Jersey
$240K -$2.34M -185,432 -91%
SBIA
32
Sheaff Brock Investment Advisors
Indiana
$204K -$50.4K -4,000 -20%
Fiera Capital (Canada)
33
Fiera Capital (Canada)
Quebec, Canada
$190K – – –
RJT
34
Raymond James Trust
Florida
$185K -$59.8K -4,742 -25%
SWM
35
SeaCrest Wealth Management
New York
$163K +$160K +12,668 New
Janney Montgomery Scott
36
Janney Montgomery Scott
Pennsylvania
$148K +$144K +11,460 New
HCM
37
Hollencrest Capital Management
California
$137K – – –
QPWM
38
Quadrant Private Wealth Management
Pennsylvania
$133K – – –
DAS
39
Dynamic Advisor Solutions
Arizona
$132K +$129K +10,232 New
FIA
40
FNY Investment Advisers
New York
$100K +$16.1K +1,275 +20%
Wells Fargo
41
Wells Fargo
California
$81K +$11.4K +904 +17%
PNC Financial Services Group
42
PNC Financial Services Group
Pennsylvania
$66K – – –
AF
43
Advisornet Financial
Minnesota
$42K +$41K +3,251 New
SPIA
44
Steward Partners Investment Advisory
New York
$40K – – –
APA
45
American Portfolios Advisors
New York
$36.4K +$35.6K +2,825 New
RIA
46
RPG Investment Advisory
California
$31K – – –
CFA
47
Carroll Financial Associates
North Carolina
$28K – – –
ACM
48
Allred Capital Management
Texas
$27K +$26.5K +2,100 New
SSB
49
Sandy Spring Bank
Maryland
$22K – – –
FWM
50
Focused Wealth Management
New York
$19K – – –
1
2
3

ERC Hedge Fund Activity: Q4 2019 in Review

56 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Allspring Multi-Sector Income Fund (ERC) for Q4 2019, worth a combined $70.1M — up 2.3% from $68.5M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new ERC positions and 6 closed out — a net gain of 2 holders — while 19 added to existing stakes and 15 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $640K. The largest seller was Landscape Capital Management, cutting an estimated $2.34M.

  • 56 institutional investors held Allspring Multi-Sector Income Fund (ERC) as of Q4 2019, up from 54 in Q3 2019.
  • Funds reported $70.1M of Allspring Multi-Sector Income Fund stock for Q4 2019, up 2.3% quarter-over-quarter.
  • 8 funds opened new Allspring Multi-Sector Income Fund positions in Q4 2019 and 6 closed out, a net change of +2 holders.
  • The largest Allspring Multi-Sector Income Fund buyer in Q4 2019 was Royal Bank of Canada, an estimated $640K added.
  • The largest Allspring Multi-Sector Income Fund seller in Q4 2019 was Landscape Capital Management, an estimated $2.34M sold.

Based on aggregated 13F filings for Q4 2019.