Allspring Utilities & High Income Fund
ERH
26 hedge funds and large institutions have $14.4M invested in Allspring Utilities & High Income Fund in 2024 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 7 closing their positions.
2.49% less ownership
Funds ownership: 18.92% → 16.43% (-2.5%)
4% less funds holding
Funds holding: 27 → 26 (-1)
11% less capital invested
Capital invested by funds: $16.2M → $14.4M (-$1.78M)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$179K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$154K |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$129K |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$102K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$93.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.53M |
| 2 |
SCM
Saba Capital Management
New York
|
-$406K |
| 3 |
CA
Cetera Advisors
Denver,
Colorado
|
-$227K |
| 4 |
BA
Bridge Advisory
Pasadena,
California
|
-$189K |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$141K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FIA
26
FNY Investment Advisers
New York
| $3 | – | – | – |
|
|
SCM
27
Saba Capital Management
New York
| – | -$406K | -44,108 | Closed |
|
|
CA
28
Cetera Advisors
Denver,
Colorado
| – | -$227K | -24,640 | Closed |
|
|
BA
29
Bridge Advisory
Pasadena,
California
| – | -$189K | -20,545 | Closed |
|
|
LSC
30
Logan Stone Capital
Chicago,
Illinois
| – | -$141K | -15,355 | Closed |
|
31
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$124K | -13,499 | Closed |
|
32
HighTower Advisors
Chicago,
Illinois
| – | -$104K | -11,331 | Closed |
|
33
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$93K | -10,131 | Closed |
|
ERH Hedge Fund Activity: Q1 2024 in Review
26 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Allspring Utilities & High Income Fund (ERH) for Q1 2024, worth a combined $14.4M — down 11% from $16.2M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of ERH and 6 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 6 added.
The largest buyer was Cornerstone Advisors, adding an estimated $179K. The largest seller was Morgan Stanley, cutting an estimated $1.53M.
- 26 institutional investors held Allspring Utilities & High Income Fund (ERH) as of Q1 2024, down from 27 in Q4 2023.
- Funds reported $14.4M of Allspring Utilities & High Income Fund stock for Q1 2024, down 11% quarter-over-quarter.
- 6 funds opened new Allspring Utilities & High Income Fund positions in Q1 2024 and 7 closed out, a net change of -1 holder.
- The largest Allspring Utilities & High Income Fund buyer in Q1 2024 was Cornerstone Advisors, an estimated $179K added.
- The largest Allspring Utilities & High Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $1.53M sold.
Based on aggregated 13F filings for Q1 2024.