Allspring Multi-Sector Income Fund
ERC
57 hedge funds and large institutions have $198M invested in Allspring Multi-Sector Income Fund in 2016 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 22 reducing their positions, and 10 closing their positions.
3% more capital invested
Capital invested by funds: $191M → $198M (+$6.47M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.9% less ownership
Funds ownership: 38.05% → 37.15% (-0.9%)
8% less funds holding
Funds holding: 62 → 57 (-5)
23% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 22
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$7M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$6.61M |
| 3 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$2.23M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.16M |
| 5 |
FFA
First Foundation Advisors
Irvine,
California
|
+$1.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$13.1M |
| 2 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$2.56M |
| 3 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$1.96M |
| 4 |
LCM
Laurion Capital Management
New York
|
-$1.26M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FWM
51
Focused Wealth Management
Newburgh,
New York
| $19K | – | – | – |
|
|
MFS
52
MSI Financial Services
Springfield,
Massachusetts
| $18K | – | – | – |
|
|
ASN
53
Advisory Services Network
Atlanta,
Georgia
| $8K | +$7.42K | +600 | New |
|
54
Creative Planning
Overland Park,
Kansas
| $7K | – | – | – |
|
|
PCM
55
Penserra Capital Management
Orinda,
California
| $6K | – | – | – |
|
|
TJHA
56
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $3K | – | – | – |
|
|
PPA
57
Parametric Portfolio Associates
Seattle,
Washington
| – | -$13.1M | -1,071,533 | Closed |
|
|
YMRC
58
Yorktown Management & Research Company
Forest,
Virginia
| – | -$1.01M | -83,000 | Closed |
|
|
BA
59
BlackRock Advisors
Wilmington,
Delaware
| – | -$869K | -71,089 | Closed |
|
|
CRC
60
Curi RMB Capital
Chicago,
Illinois
| – | -$660K | -54,001 | Closed |
|
|
AIG
61
American International Group
New York
| – | -$229K | -18,688 | Closed |
|
62
Goldman Sachs
New York
| – | -$145K | -11,831 | Closed |
|
63
SEI Investments
Oaks,
Pennsylvania
| – | -$7K | -585 | Closed |
|
ERC Hedge Fund Activity: Q2 2016 in Review
57 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Allspring Multi-Sector Income Fund (ERC) for Q2 2016, worth a combined $198M — up 3.4% from $191M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of ERC and 5 opened new positions — a net loss of 5 holders — while 22 trimmed existing stakes and 17 added.
The largest buyer was Saba Capital Management, adding an estimated $7M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $13.1M sold.
- 57 institutional investors held Allspring Multi-Sector Income Fund (ERC) as of Q2 2016, down from 62 in Q1 2016.
- Funds reported $198M of Allspring Multi-Sector Income Fund stock for Q2 2016, up 3.4% quarter-over-quarter.
- 5 funds opened new Allspring Multi-Sector Income Fund positions in Q2 2016 and 10 closed out, a net change of -5 holders.
- The largest Allspring Multi-Sector Income Fund buyer in Q2 2016 was Saba Capital Management, an estimated $7M added.
- The largest Allspring Multi-Sector Income Fund seller in Q2 2016 was Parametric Portfolio Associates, an estimated $13.1M sold.
Based on aggregated 13F filings for Q2 2016.