Allspring Multi-Sector Income Fund
ERC
63 hedge funds and large institutions have $59.2M invested in Allspring Multi-Sector Income Fund in 2020 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 19 increasing their positions, 20 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
13% more funds holding
Funds holding: 56 → 63 (+7)
7.7% more ownership
Funds ownership: 17.31% → 25.01% (+7.7%)
5% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 20
16% less capital invested
Capital invested by funds: $70.1M → $59.2M (-$10.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$6.95M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2.31M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.31M |
| 4 |
Jane Street
New York
|
+$947K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$901K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$782K |
| 2 |
Morgan Stanley
New York
|
-$740K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$653K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$592K |
| 5 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$481K |
ERC Hedge Fund Activity: Q1 2020 in Review
63 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Allspring Multi-Sector Income Fund (ERC) for Q1 2020, worth a combined $59.2M — down 16% from $70.1M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new ERC positions and 4 closed out — a net gain of 9 holders — while 19 added to existing stakes and 20 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $6.95M. The largest seller was UBS Group, cutting an estimated $782K.
- 63 institutional investors held Allspring Multi-Sector Income Fund (ERC) as of Q1 2020, up from 56 in Q4 2019.
- Funds reported $59.2M of Allspring Multi-Sector Income Fund stock for Q1 2020, down 16% quarter-over-quarter.
- 13 funds opened new Allspring Multi-Sector Income Fund positions in Q1 2020 and 4 closed out, a net change of +9 holders.
- The largest Allspring Multi-Sector Income Fund buyer in Q1 2020 was Saba Capital Management, an estimated $6.95M added.
- The largest Allspring Multi-Sector Income Fund seller in Q1 2020 was UBS Group, an estimated $782K sold.
Based on aggregated 13F filings for Q1 2020.