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ERC

Allspring Multi-Sector Income Fund
ERC

56 hedge funds and large institutions have $137M invested in Allspring Multi-Sector Income Fund in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 27 increasing their positions, 17 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

59% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 17

0.52% more ownership

Funds ownership: 20.37% → 20.89% (+0.52%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

6% less capital invested

Capital invested by funds: $145M → $137M (-$8.24M)

10% less funds holding

Funds holding: 62 → 56 (-6)

60% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 10

Holders
56
Holders Change
-6
Holders Change %
-9.68%
% of All Funds
1.62%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
4
Increased
27
Reduced
17
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$3.63M
2
Morgan Stanley
Morgan Stanley
New York
+$1.09M
3
U
UBS
Switzerland
+$768K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$401K
5
SFS
Shaker Financial Services
Virginia
+$342K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$1.56M
2
TC
TFS Capital
Pennsylvania
-$603K
3
AAM
Advisors Asset Management
Colorado
-$592K
4
AR
Advisory Research
Illinois
-$565K
5
SIA
Sit Investment Associates
Minnesota
-$522K
Name Holding Trade Value Shares
Change 		Change in
Stake
TRCT
51
Tower Research Capital (TRC)
New York
$16K +$14.4K +987 +777%
MA
52
MUFG Americas
New York
$7K +$87 +6 +1%
TJHA
53
Thomas J. Herzfeld Advisors
Florida
$3K -$15.5K -1,066 -82%
Northwestern Mutual Wealth Management
54
Northwestern Mutual Wealth Management
Wisconsin
$3K – – –
TC
55
TFS Capital
Pennsylvania
– -$603K -40,442 Closed
AAM
56
Advisors Asset Management
Colorado
– -$592K -39,729 Closed
AR
57
Advisory Research
Illinois
– -$565K -37,950 Closed
OC
58
Oppenheimer & Co
New York
– -$194K -13,004 Closed
AP
59
Advisors Preferred
Maryland
– -$179K -11,996 Closed
IAS
60
IMA Advisory Services
Colorado
– -$168K -11,250 Closed
Bank of Montreal
61
Bank of Montreal
Ontario, Canada
– -$41K -2,735 Closed
BIM
62
BlackRock Investment Management
Delaware
– -$30K -2,000 Closed
TCM
63
TD Capital Management
Tennessee
– -$9.96K -684 -99%
AC
64
Alexandria Capital
Virginia
– -$1K -82 Closed
NFG
65
Next Financial Group
Texas
– +$248 +17 New
1 2
3

ERC Hedge Fund Activity: Q3 2014 in Review

56 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in Allspring Multi-Sector Income Fund (ERC) for Q3 2014, worth a combined $137M — down 5.7% from $145M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of ERC and 4 opened new positions — a net loss of 6 holders — while 17 trimmed existing stakes and 27 added.

The largest buyer was Saba Capital Management, adding an estimated $3.63M. The largest seller was Guggenheim Capital, cutting an estimated $1.56M.

  • 56 institutional investors held Allspring Multi-Sector Income Fund (ERC) as of Q3 2014, down from 62 in Q2 2014.
  • Funds reported $137M of Allspring Multi-Sector Income Fund stock for Q3 2014, down 5.7% quarter-over-quarter.
  • 4 funds opened new Allspring Multi-Sector Income Fund positions in Q3 2014 and 10 closed out, a net change of -6 holders.
  • The largest Allspring Multi-Sector Income Fund buyer in Q3 2014 was Saba Capital Management, an estimated $3.63M added.
  • The largest Allspring Multi-Sector Income Fund seller in Q3 2014 was Guggenheim Capital, an estimated $1.56M sold.

Based on aggregated 13F filings for Q3 2014.