Allspring Multi-Sector Income Fund
ERC
62 hedge funds and large institutions have $196M invested in Allspring Multi-Sector Income Fund in 2016 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 22 reducing their positions, and 14 closing their positions.
17% more capital invested
Capital invested by funds: $168M → $196M (+$27.8M)
2.83% more ownership
Funds ownership: 35.21% → 38.05% (+2.8%)
5% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 22
11% less funds holding
Funds holding: 70 → 62 (-8)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
50% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$15.4M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$2.93M |
| 3 |
LCM
Laurion Capital Management
New York
|
+$2.54M |
| 4 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$2.07M |
| 5 |
DIS
Diversified Investment Strategies
Baton Rouge,
Louisiana
|
+$1.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$5.05M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$2.28M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.81M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$826K |
| 5 |
MC
Matisse Capital
Portland,
Oregon
|
-$771K |
ERC Hedge Fund Activity: Q1 2016 in Review
62 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Allspring Multi-Sector Income Fund (ERC) for Q1 2016, worth a combined $196M — up 17% from $168M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of ERC and 7 opened new positions — a net loss of 7 holders — while 22 trimmed existing stakes and 21 added.
The largest buyer was Saba Capital Management, adding an estimated $15.4M. The largest seller was Financial & Investment Management Group, cutting an estimated $5.05M.
- 62 institutional investors held Allspring Multi-Sector Income Fund (ERC) as of Q1 2016, down from 70 in Q4 2015.
- Funds reported $196M of Allspring Multi-Sector Income Fund stock for Q1 2016, up 17% quarter-over-quarter.
- 7 funds opened new Allspring Multi-Sector Income Fund positions in Q1 2016 and 14 closed out, a net change of -7 holders.
- The largest Allspring Multi-Sector Income Fund buyer in Q1 2016 was Saba Capital Management, an estimated $15.4M added.
- The largest Allspring Multi-Sector Income Fund seller in Q1 2016 was Financial & Investment Management Group, an estimated $5.05M sold.
Based on aggregated 13F filings for Q1 2016.