Allspring Multi-Sector Income Fund
ERC
57 hedge funds and large institutions have $153M invested in Allspring Multi-Sector Income Fund in 2017 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 24 increasing their positions, 18 reducing their positions, and 7 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 18
3.91% less ownership
Funds ownership: 31.65% → 27.74% (-3.9%)
5% less funds holding
Funds holding: 60 → 57 (-3)
12% less capital invested
Capital invested by funds: $174M → $153M (-$20.7M)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$7.36M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.31M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.15M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.09M |
| 5 |
Millennium Management
New York
|
+$674K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$29.8M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.49M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.08M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$844K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$815K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFA
51
Carroll Financial Associates
Charlotte,
North Carolina
| $29K | – | – | – |
|
|
SSB
52
Sandy Spring Bank
Olney,
Maryland
| $23K | – | – | – |
|
53
Citigroup
New York
| $23K | +$882 | +66 | +4% |
|
|
FWM
54
Focused Wealth Management
Newburgh,
New York
| $20K | – | – | – |
|
|
RWA
55
Ropes Wealth Advisors
Boston,
Massachusetts
| $13K | – | – | – |
|
|
PCM
56
Penserra Capital Management
Orinda,
California
| $6K | -$2.43K | -182 | -29% |
|
|
57
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$815K | -61,083 | Closed |
|
|
AMH
58
Apollo Management Holdings
New York
| – | -$397K | -29,749 | Closed |
|
|
WEC
59
Winslow Evans & Crocker
Boston,
Massachusetts
| – | -$63.4K | -4,747 | Closed |
|
|
MA
60
MUFG Americas
New York
| – | -$4K | -316 | Closed |
|
61
Creative Planning
Overland Park,
Kansas
| – | -$4K | -285 | Closed |
|
62
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$3K | -196 | Closed |
|
|
TCM
63
TD Capital Management
Memphis,
Tennessee
| – | -$67 | -5 | -71% |
|
ERC Hedge Fund Activity: Q3 2017 in Review
57 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Allspring Multi-Sector Income Fund (ERC) for Q3 2017, worth a combined $153M — down 12% from $174M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of ERC and 4 opened new positions — a net loss of 3 holders — while 18 trimmed existing stakes and 24 added.
The largest buyer was Laurion Capital Management, adding an estimated $7.36M. The largest seller was Saba Capital Management, cutting an estimated $29.8M.
- 57 institutional investors held Allspring Multi-Sector Income Fund (ERC) as of Q3 2017, down from 60 in Q2 2017.
- Funds reported $153M of Allspring Multi-Sector Income Fund stock for Q3 2017, down 12% quarter-over-quarter.
- 4 funds opened new Allspring Multi-Sector Income Fund positions in Q3 2017 and 7 closed out, a net change of -3 holders.
- The largest Allspring Multi-Sector Income Fund buyer in Q3 2017 was Laurion Capital Management, an estimated $7.36M added.
- The largest Allspring Multi-Sector Income Fund seller in Q3 2017 was Saba Capital Management, an estimated $29.8M sold.
Based on aggregated 13F filings for Q3 2017.