Allspring Utilities & High Income Fund
ERH
27 hedge funds and large institutions have $14.6M invested in Allspring Utilities & High Income Fund in 2024 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 7 closing their positions.
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
4% more funds holding
Funds holding: 26 → 27 (+1)
1% more capital invested
Capital invested by funds: $14.4M → $14.6M (+$143K)
0.47% less ownership
Funds ownership: 16.43% → 15.96% (-0.47%)
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$2.49M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$368K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$175K |
| 4 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
+$146K |
| 5 |
Morgan Stanley
New York
|
+$70.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
-$2.34M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$453K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$383K |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$143K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$119K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $2.95K | +$2.89K | +300 | New |
|
27
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1K | +$964 | +100 | New |
|
28
Wells Fargo
San Francisco,
California
| $3 | -$10 | -1 | Closed |
|
|
AWM
29
Axxcess Wealth Management
Carlsbad,
California
| – | -$2.34M | -247,362 | Closed |
|
30
Cetera Investment Advisers
Schaumburg,
Illinois
| – | -$106K | -11,231 | Closed |
|
|
CA
31
CoreCap Advisors
Southfield,
Michigan
| – | -$50.4K | -5,340 | Closed |
|
32
Comerica Bank
Dallas,
Texas
| – | -$18.3K | -1,941 | Closed |
|
|
FIA
33
FNY Investment Advisers
New York
| – | -$3 | -400 | Closed |
|
34
Fidelity Investments
Boston,
Massachusetts
| – | -$9 | -1 | Closed |
|
ERH Hedge Fund Activity: Q2 2024 in Review
27 of the 6,925 institutional investors tracked by Wall St. Rank reported a position in Allspring Utilities & High Income Fund (ERH) for Q2 2024, worth a combined $14.6M — up 0.99% from $14.4M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new ERH positions and 7 closed out — a net gain of 1 holder — while 5 added to existing stakes and 8 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $2.49M. The largest seller was Axxcess Wealth Management, exiting entirely with an estimated $2.34M sold.
- 27 institutional investors held Allspring Utilities & High Income Fund (ERH) as of Q2 2024, up from 26 in Q1 2024.
- Funds reported $14.6M of Allspring Utilities & High Income Fund stock for Q2 2024, up 0.99% quarter-over-quarter.
- 8 funds opened new Allspring Utilities & High Income Fund positions in Q2 2024 and 7 closed out, a net change of +1 holder.
- The largest Allspring Utilities & High Income Fund buyer in Q2 2024 was Saba Capital Management, an estimated $2.49M added.
- The largest Allspring Utilities & High Income Fund seller in Q2 2024 was Axxcess Wealth Management, an estimated $2.34M sold.
Based on aggregated 13F filings for Q2 2024.