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ERC

Allspring Multi-Sector Income Fund
ERC

70 hedge funds and large institutions have $168M invested in Allspring Multi-Sector Income Fund in 2015 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 26 increasing their positions, 15 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 5

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

73% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 15

20% more capital invested

Capital invested by funds: $140M → $168M (+$27.8M)

9% more funds holding

Funds holding: 64 → 70 (+6)

5.91% more ownership

Funds ownership: 29.3% → 35.21% (+5.9%)

Holders
70
Holders Change
+6
Holders Change %
+9.38%
% of All Funds
1.84%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
11
Increased
26
Reduced
15
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$16M
2
NL
NWAM LLC
Washington
+$4.12M
3
Citigroup
Citigroup
New York
+$2.09M
4
LCM
Landscape Capital Management
New Jersey
+$1.89M
5
KIG
Kovitz Investment Group
Illinois
+$1.53M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$1.15M
2
DA
Doliver Advisors
Texas
-$1.13M
3
CRC
Curi RMB Capital
Illinois
-$944K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$911K
5
Bank of America
Bank of America
North Carolina
-$388K
Name Holding Trade Value Shares
Change 		Change in
Stake
ICAS
51
Investors Capital Advisory Services
Massachusetts
$151K -$21.9K -1,895 -12%
Goldman Sachs
52
Goldman Sachs
New York
$134K – – –
NPC
53
National Planning Corporation
California
$124K +$129K +11,163 New
IA
54
IFP Advisors
Florida
$99K +$101K +8,752 New
WEC
55
Winslow Evans & Crocker
Massachusetts
$53.7K -$17.2K -1,488 -24%
Wells Fargo
56
Wells Fargo
California
$46K +$13.2K +1,140 +39%
PNC Financial Services Group
57
PNC Financial Services Group
Pennsylvania
$35K +$185 +16 +0.5%
SSB
58
Sandy Spring Bank
Maryland
$28K -$28.9K -2,500 -50%
Bank of Montreal
59
Bank of Montreal
Ontario, Canada
$25K – – –
IWMPD
60
Integrated Wealth Management (Palm Desert)
California
$23K – – –
AIA
61
Allegis Investment Advisors
Idaho
$23K +$23.3K +2,016 New
CFA
62
Carroll Financial Associates
North Carolina
$19K – – –
MFS
63
MSI Financial Services
Massachusetts
$18K -$13.9K -1,203 -44%
FWM
64
Focused Wealth Management
New York
$18K +$1.54K +133 +9%
Creative Planning
65
Creative Planning
Kansas
$10K – – –
JWA
66
JFS Wealth Advisors
Pennsylvania
$9K – – –
PCM
67
Penserra Capital Management
California
$6K +$5.63K +487 New
TJHA
68
Thomas J. Herzfeld Advisors
Florida
$3K – – –
DA
69
Doliver Advisors
Texas
– -$1.13M -99,765 Closed
FFA
70
First Foundation Advisors
California
– -$184K -16,210 Closed
OA
71
Oxbow Advisors
Texas
– -$183K -16,135 Closed
SGCA
72
Steel Grove Capital Advisors
Tennessee
– -$124K -10,830 Closed
TRCT
73
Tower Research Capital (TRC)
New York
– -$2K -176 Closed
1 2
3

ERC Hedge Fund Activity: Q4 2015 in Review

70 of the 3,813 institutional investors tracked by Wall St. Rank reported a position in Allspring Multi-Sector Income Fund (ERC) for Q4 2015, worth a combined $168M — up 20% from $140M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new ERC positions and 5 closed out — a net gain of 6 holders — while 26 added to existing stakes and 15 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $16M. The largest seller was UBS Group, cutting an estimated $1.15M.

  • 70 institutional investors held Allspring Multi-Sector Income Fund (ERC) as of Q4 2015, up from 64 in Q3 2015.
  • Funds reported $168M of Allspring Multi-Sector Income Fund stock for Q4 2015, up 20% quarter-over-quarter.
  • 11 funds opened new Allspring Multi-Sector Income Fund positions in Q4 2015 and 5 closed out, a net change of +6 holders.
  • The largest Allspring Multi-Sector Income Fund buyer in Q4 2015 was Saba Capital Management, an estimated $16M added.
  • The largest Allspring Multi-Sector Income Fund seller in Q4 2015 was UBS Group, an estimated $1.15M sold.

Based on aggregated 13F filings for Q4 2015.