Allspring Multi-Sector Income Fund
ERC
50 hedge funds and large institutions have $74.6M invested in Allspring Multi-Sector Income Fund in 2019 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 15 increasing their positions, 18 reducing their positions, and 10 closing their positions.
4% less capital invested
Capital invested by funds: $77.9M → $74.6M (-$3.32M)
1.56% less ownership
Funds ownership: 20.47% → 18.91% (-1.6%)
14% less funds holding
Funds holding: 58 → 50 (-8)
17% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 18
80% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$758K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$413K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$200K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$98.4K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$95.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$2.07M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$857K |
| 3 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$746K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$664K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$578K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CCP
51
Clough Capital Partners
Boston,
Massachusetts
| – | -$857K | -70,807 | Closed |
|
|
52
Kovitz Investment Group Partners
Chicago,
Illinois
| – | -$746K | -61,665 | Closed |
|
|
SFS
53
Shaker Financial Services
Arlington,
Virginia
| – | -$578K | -47,806 | Closed |
|
54
MML Investors Services
Springfield,
Massachusetts
| – | -$171K | -14,106 | Closed |
|
|
WAM
55
Weiss Asset Management
Boston,
Massachusetts
| – | -$154K | -12,743 | Closed |
|
|
DAS
56
Dynamic Advisor Solutions
Phoenix,
Arizona
| – | -$138K | -11,403 | Closed |
|
57
First Trust Advisors
Wheaton,
Illinois
| – | -$123K | -10,138 | Closed |
|
|
TJHA
58
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$121K | -10,020 | Closed |
|
59
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$8K | -676 | Closed |
|
ERC Hedge Fund Activity: Q2 2019 in Review
50 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Allspring Multi-Sector Income Fund (ERC) for Q2 2019, worth a combined $74.6M — down 4.3% from $77.9M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of ERC and 2 opened new positions — a net loss of 8 holders — while 18 trimmed existing stakes and 15 added.
The largest buyer was Ladenburg Thalmann Financial Services, adding an estimated $758K. The largest seller was BlackRock, exiting entirely with an estimated $2.07M sold.
- 50 institutional investors held Allspring Multi-Sector Income Fund (ERC) as of Q2 2019, down from 58 in Q1 2019.
- Funds reported $74.6M of Allspring Multi-Sector Income Fund stock for Q2 2019, down 4.3% quarter-over-quarter.
- 2 funds opened new Allspring Multi-Sector Income Fund positions in Q2 2019 and 10 closed out, a net change of -8 holders.
- The largest Allspring Multi-Sector Income Fund buyer in Q2 2019 was Ladenburg Thalmann Financial Services, an estimated $758K added.
- The largest Allspring Multi-Sector Income Fund seller in Q2 2019 was BlackRock, an estimated $2.07M sold.
Based on aggregated 13F filings for Q2 2019.