Allspring Multi-Sector Income Fund
ERC
52 hedge funds and large institutions have $110M invested in Allspring Multi-Sector Income Fund in 2018 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 16 increasing their positions, 22 reducing their positions, and 8 closing their positions.
7.82% less ownership
Funds ownership: 32.02% → 24.2% (-7.8%)
9% less funds holding
Funds holding: 57 → 52 (-5)
23% less capital invested
Capital invested by funds: $144M → $110M (-$33.2M)
27% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 22
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.11M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$1.79M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$1.61M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$1.41M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$16.4M |
| 2 |
SCM
Saba Capital Management
New York
|
-$9.46M |
| 3 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$6.32M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$3.15M |
| 5 |
LCM
Laurion Capital Management
New York
|
-$2.93M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RWA
51
Ropes Wealth Advisors
Boston,
Massachusetts
| $13K | – | – | – |
|
|
SCM
52
Saba Capital Management
New York
| – | -$9.46M | -724,088 | Closed |
|
|
VIA
53
Vident Investment Advisory
Alpharetta,
Georgia
| – | -$6.32M | -483,823 | Closed |
|
54
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$2.66M | -204,000 | Closed |
|
|
DA
55
Doliver Advisors
Houston,
Texas
| – | -$913K | -69,911 | Closed |
|
|
SFS
56
Shaker Financial Services
Arlington,
Virginia
| – | -$870K | -66,639 | Closed |
|
|
CAS
57
Cue Advisory Services
Phoenix,
Arizona
| – | -$247K | -18,876 | Closed |
|
58
Citadel Advisors
Miami,
Florida
| – | -$141K | -10,774 | Closed |
|
|
CA
59
Calton & Associates
Tampa,
Florida
| – | -$3K | -282 | Closed |
|
ERC Hedge Fund Activity: Q1 2018 in Review
52 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Allspring Multi-Sector Income Fund (ERC) for Q1 2018, worth a combined $110M — down 23% from $144M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of ERC and 3 opened new positions — a net loss of 5 holders — while 22 trimmed existing stakes and 16 added.
The largest buyer was Ameriprise, adding an estimated $2.11M. The largest seller was UBS Group, cutting an estimated $16.4M.
- 52 institutional investors held Allspring Multi-Sector Income Fund (ERC) as of Q1 2018, down from 57 in Q4 2017.
- Funds reported $110M of Allspring Multi-Sector Income Fund stock for Q1 2018, down 23% quarter-over-quarter.
- 3 funds opened new Allspring Multi-Sector Income Fund positions in Q1 2018 and 8 closed out, a net change of -5 holders.
- The largest Allspring Multi-Sector Income Fund buyer in Q1 2018 was Ameriprise, an estimated $2.11M added.
- The largest Allspring Multi-Sector Income Fund seller in Q1 2018 was UBS Group, an estimated $16.4M sold.
Based on aggregated 13F filings for Q1 2018.