Allspring Multi-Sector Income Fund
ERC
54 hedge funds and large institutions have $132M invested in Allspring Multi-Sector Income Fund in 2013 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 14 increasing their positions, 19 reducing their positions, and 3 closing their positions.
500% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 3
35% more funds holding
Funds holding: 40 → 54 (+14)
14% more capital invested
Capital invested by funds: $116M → $132M (+$16.5M)
3.55% more ownership
Funds ownership: 14.94% → 18.49% (+3.6%)
26% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 19
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$16.8M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.87M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.43M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$710K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.86M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.57M |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$1.31M |
| 4 |
Cohen & Steers
New York
|
-$1,000K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$998K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MA
51
MUFG Americas
New York
| $5K | +$4.83K | +342 | New |
|
|
HNB
52
Huntington National Bank
Columbus,
Ohio
| $2K | – | – | – |
|
|
AC
53
Alexandria Capital
Arlington,
Virginia
| $1K | – | – | – |
|
|
TRCT
54
Tower Research Capital (TRC)
New York
| $1K | +$848 | +60 | New |
|
|
OFG
55
OTA Financial Group
Purchase,
New York
| $248 | +$250K | +17,704 | New |
|
56
Comerica Bank
Dallas,
Texas
| – | -$867K | -61,306 | Closed |
|
57
Ameriprise
Minneapolis,
Minnesota
| – | -$155K | -10,943 | Closed |
|
|
PC
58
Perry Capital
New York
| – | -$42K | -3,000 | Closed |
|
|
CFA
59
Carroll Financial Associates
Charlotte,
North Carolina
| – | -$21.2K | -1,500 | -99% |
|
ERC Hedge Fund Activity: Q4 2013 in Review
54 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Allspring Multi-Sector Income Fund (ERC) for Q4 2013, worth a combined $132M — up 14% from $116M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new ERC positions and 3 closed out — a net gain of 15 holders — while 14 added to existing stakes and 19 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $16.8M. The largest seller was Sit Investment Associates, cutting an estimated $3.86M.
- 54 institutional investors held Allspring Multi-Sector Income Fund (ERC) as of Q4 2013, up from 40 in Q3 2013.
- Funds reported $132M of Allspring Multi-Sector Income Fund stock for Q4 2013, up 14% quarter-over-quarter.
- 18 funds opened new Allspring Multi-Sector Income Fund positions in Q4 2013 and 3 closed out, a net change of +15 holders.
- The largest Allspring Multi-Sector Income Fund buyer in Q4 2013 was Saba Capital Management, an estimated $16.8M added.
- The largest Allspring Multi-Sector Income Fund seller in Q4 2013 was Sit Investment Associates, an estimated $3.86M sold.
Based on aggregated 13F filings for Q4 2013.