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ERC

Allspring Multi-Sector Income Fund
ERC

54 hedge funds and large institutions have $58.5M invested in Allspring Multi-Sector Income Fund in 2020 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 22 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

1% less capital invested

Capital invested by funds: $59.2M → $58.5M (-$707K)

7.62% less ownership

Funds ownership: 25.01% → 17.39% (-7.6%)

14% less funds holding

Funds holding: 63 → 54 (-9)

18% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 22

69% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 13

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
54
Holders Change
-9
Holders Change %
-14.29%
% of All Funds
1.11%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
4
Increased
18
Reduced
22
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$895K
2
Ameriprise
Ameriprise
Minnesota
+$866K
3
LA
LVW Advisors
New York
+$271K
4
AA
AQR Arbitrage
Connecticut
+$215K
5
SPIA
Steward Partners Investment Advisory
New York
+$77.8K

Top Sellers

Rank Fund Capital Flow
1
Osaic Holdings
Osaic Holdings
Arizona
-$12.2M
2
SCM
Saba Capital Management
New York
-$5.62M
3
PPA
Parametric Portfolio Associates
Washington
-$1.06M
4
Jane Street
Jane Street
New York
-$766K
5
SFS
Shaker Financial Services
Virginia
-$755K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
26
LPL Financial
California
$337K +$41 +4 +0%
LWP
27
Legacy Wealth Planning
Nevada
$297K – – –
LA
28
LVW Advisors
New York
$290K +$271K +26,338 New
FFA
29
First Foundation Advisors
California
$247K -$57.7K -5,613 -20%
AAM
30
Advisors Asset Management
Colorado
$239K -$686K -66,686 -75%
Janney Montgomery Scott
31
Janney Montgomery Scott
Pennsylvania
$231K +$22.4K +2,176 +12%
Fiera Capital (Canada)
32
Fiera Capital (Canada)
Quebec, Canada
$223K +$48.4K +4,702 +30%
Commonwealth Equity Services
33
Commonwealth Equity Services
Massachusetts
$172K +$1.57K +153 +1%
RJT
34
Raymond James Trust
Florida
$157K +$9.3K +904 +7%
SBIA
35
Sheaff Brock Investment Advisors
Indiana
$145K -$8.23K -800 -6%
SWM
36
SeaCrest Wealth Management
New York
$135K +$7.45K +724 +6%
SPIA
37
Steward Partners Investment Advisory
New York
$135K +$77.8K +7,565 +162%
HCM
38
Hollencrest Capital Management
California
$117K – – –
PAG
39
Private Advisor Group
New Jersey
$83K +$77.6K +7,546 New
WAM
40
Wolverine Asset Management
Illinois
$71K -$713K -69,284 -91%
PNC Financial Services Group
41
PNC Financial Services Group
Pennsylvania
$51K -$9.27K -901 -16%
TJHA
42
Thomas J. Herzfeld Advisors
Florida
$33K +$30.4K +2,953 New
APA
43
American Portfolios Advisors
New York
$31.1K – – –
Wells Fargo
44
Wells Fargo
California
$23K -$43.4K -4,224 -67%
RIA
45
RPG Investment Advisory
California
$18K – – –
FWM
46
Focused Wealth Management
New York
$17K +$473 +46 +3%
Citigroup
47
Citigroup
New York
$11K – – –
TFS
48
TrustCore Financial Services
Tennessee
$9K – – –
PAM
49
Panagora Asset Management
Massachusetts
$6K – – –
WT
50
Washington Trust
Rhode Island
$5K – – –
1
2
3

ERC Hedge Fund Activity: Q2 2020 in Review

54 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Allspring Multi-Sector Income Fund (ERC) for Q2 2020, worth a combined $58.5M — down 1.2% from $59.2M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of ERC and 4 opened new positions — a net loss of 9 holders — while 22 trimmed existing stakes and 18 added.

The largest buyer was Royal Bank of Canada, adding an estimated $895K. The largest seller was Osaic Holdings, cutting an estimated $12.2M.

  • 54 institutional investors held Allspring Multi-Sector Income Fund (ERC) as of Q2 2020, down from 63 in Q1 2020.
  • Funds reported $58.5M of Allspring Multi-Sector Income Fund stock for Q2 2020, down 1.2% quarter-over-quarter.
  • 4 funds opened new Allspring Multi-Sector Income Fund positions in Q2 2020 and 13 closed out, a net change of -9 holders.
  • The largest Allspring Multi-Sector Income Fund buyer in Q2 2020 was Royal Bank of Canada, an estimated $895K added.
  • The largest Allspring Multi-Sector Income Fund seller in Q2 2020 was Osaic Holdings, an estimated $12.2M sold.

Based on aggregated 13F filings for Q2 2020.