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ERC

Allspring Multi-Sector Income Fund
ERC

58 hedge funds and large institutions have $77.9M invested in Allspring Multi-Sector Income Fund in 2019 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 20 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% less capital invested

Capital invested by funds: $79.9M → $77.9M (-$2.03M)

5% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 20

2.44% less ownership

Funds ownership: 22.91% → 20.47% (-2.4%)

12% less funds holding

Funds holding: 66 → 58 (-8)

62% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 13

Holders
58
Holders Change
-8
Holders Change %
-12.12%
% of All Funds
1.26%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
19
Reduced
20
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$856K
2
AAM
Advisors Asset Management
Colorado
+$798K
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$459K
4
BFEC
Benjamin F. Edwards & Company
Missouri
+$400K
5
LTFS
Ladenburg Thalmann Financial Services
Florida
+$330K

Top Sellers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
-$1.34M
2
Carson Wealth (CWM LLC)
Carson Wealth (CWM LLC)
Nebraska
-$1.31M
3
CRC
Curi RMB Capital
Illinois
-$1.29M
4
SCM
Saba Capital Management
New York
-$1.03M
5
SIA
Sit Investment Associates
Minnesota
-$862K
Name Holding Trade Value Shares
Change 		Change in
Stake
CFGS
51
Concourse Financial Group Securities
Alabama
$14K – – –
FIA
52
FNY Investment Advisers
New York
$12K +$4.67K +390 +58%
GWMIA
53
Global Wealth Management Investment Advisory
Florida
$10K – – –
TFS
54
TrustCore Financial Services
Tennessee
$10K – – –
Fifth Third Bancorp
55
Fifth Third Bancorp
Ohio
$8K +$8.09K +676 New
WAS
56
Winch Advisory Services
Wisconsin
$1K +$36 +3 +3%
WAM
57
Wolverine Asset Management
Illinois
– -$1.34M -120,594 Closed
Carson Wealth (CWM LLC)
58
Carson Wealth (CWM LLC)
Nebraska
– -$1.31M -118,397 Closed
CRC
59
Curi RMB Capital
Illinois
– -$1.29M -116,437 Closed
SCM
60
Saba Capital Management
New York
– -$1.03M -92,684 Closed
PPA
61
Parametric Portfolio Associates
Washington
– -$582K -52,461 Closed
RCM
62
Rivernorth Capital Management
Florida
– -$456K -41,499 Closed
AA
63
AQR Arbitrage
Connecticut
– -$260K -23,423 Closed
OC
64
Oppenheimer & Co
New York
– -$144K -13,000 Closed
COLIM
65
City of London Investment Management
United Kingdom
– -$124K -11,189 Closed
Susquehanna International Group
66
Susquehanna International Group
Pennsylvania
– -$117K -10,582 Closed
BI
67
Bramshill Investments
Florida
– -$33K -2,950 Closed
IA
68
IFP Advisors
Florida
– -$16K -1,429 Closed
Fidelity Investments
69
Fidelity Investments
Massachusetts
– +$12 +1 New
1 2
3

ERC Hedge Fund Activity: Q1 2019 in Review

58 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Allspring Multi-Sector Income Fund (ERC) for Q1 2019, worth a combined $77.9M — down 2.5% from $79.9M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of ERC and 5 opened new positions — a net loss of 8 holders — while 20 trimmed existing stakes and 19 added.

The largest buyer was Ameriprise, adding an estimated $856K. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $1.34M sold.

  • 58 institutional investors held Allspring Multi-Sector Income Fund (ERC) as of Q1 2019, down from 66 in Q4 2018.
  • Funds reported $77.9M of Allspring Multi-Sector Income Fund stock for Q1 2019, down 2.5% quarter-over-quarter.
  • 5 funds opened new Allspring Multi-Sector Income Fund positions in Q1 2019 and 13 closed out, a net change of -8 holders.
  • The largest Allspring Multi-Sector Income Fund buyer in Q1 2019 was Ameriprise, an estimated $856K added.
  • The largest Allspring Multi-Sector Income Fund seller in Q1 2019 was Wolverine Asset Management, an estimated $1.34M sold.

Based on aggregated 13F filings for Q1 2019.