Allspring Multi-Sector Income Fund
ERC
54 hedge funds and large institutions have $58.5M invested in Allspring Multi-Sector Income Fund in 2020 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 22 reducing their positions, and 13 closing their positions.
1% less capital invested
Capital invested by funds: $59.2M → $58.5M (-$707K)
7.62% less ownership
Funds ownership: 25.01% → 17.39% (-7.6%)
14% less funds holding
Funds holding: 63 → 54 (-9)
18% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 22
69% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 13
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$895K |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$866K |
| 3 |
LA
LVW Advisors
Pittsford,
New York
|
+$271K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$215K |
| 5 |
SPIA
Steward Partners Investment Advisory
New York
|
+$77.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$12.2M |
| 2 |
SCM
Saba Capital Management
New York
|
-$5.62M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.06M |
| 4 |
Jane Street
New York
|
-$766K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$755K |
ERC Hedge Fund Activity: Q2 2020 in Review
54 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Allspring Multi-Sector Income Fund (ERC) for Q2 2020, worth a combined $58.5M — down 1.2% from $59.2M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of ERC and 4 opened new positions — a net loss of 9 holders — while 22 trimmed existing stakes and 18 added.
The largest buyer was Royal Bank of Canada, adding an estimated $895K. The largest seller was Osaic Holdings, cutting an estimated $12.2M.
- 54 institutional investors held Allspring Multi-Sector Income Fund (ERC) as of Q2 2020, down from 63 in Q1 2020.
- Funds reported $58.5M of Allspring Multi-Sector Income Fund stock for Q2 2020, down 1.2% quarter-over-quarter.
- 4 funds opened new Allspring Multi-Sector Income Fund positions in Q2 2020 and 13 closed out, a net change of -9 holders.
- The largest Allspring Multi-Sector Income Fund buyer in Q2 2020 was Royal Bank of Canada, an estimated $895K added.
- The largest Allspring Multi-Sector Income Fund seller in Q2 2020 was Osaic Holdings, an estimated $12.2M sold.
Based on aggregated 13F filings for Q2 2020.