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ETJ

Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ

67 hedge funds and large institutions have $183M invested in Eaton Vance Risk-Managed Diversified Equity Income Fund in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 22 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 8

2% more funds holding

Funds holding: 66 → 67 (+1)

1.17% more ownership

Funds ownership: 22.96% → 24.13% (+1.2%)

4% more capital invested

Capital invested by funds: $176M → $183M (+$7.44M)

14% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 22

29% less funds holding in top 10

Funds holding in top 10: 7 → 5 (-2)

Holders
67
Holders Change
+1
Holders Change %
+1.52%
% of All Funds
2.17%
Holding in Top 10
5
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-28.57%
% of All Funds
0.16%
New
9
Increased
19
Reduced
22
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$14.1M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$4.21M
3
RVP
Relative Value Partners
Illinois
+$1.24M
4
Morgan Stanley
Morgan Stanley
New York
+$1.01M
5
U
UBS
Switzerland
+$624K

Top Sellers

Rank Fund Capital Flow
1
WI
Western Investment
Utah
-$3.11M
2
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$2.9M
3
RJFSA
Raymond James Financial Services Advisors
Florida
-$1.55M
4
TJHA
Thomas J. Herzfeld Advisors
Florida
-$1.16M
5
RCM
Rivernorth Capital Management
Florida
-$857K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$866K +$460 +42 +0.1%
HighTower Advisors
27
HighTower Advisors
Illinois
$759K +$22.2K +2,022 +3%
CAN
28
Cetera Advisor Networks
California
$755K -$21.9K -2,000 -3%
BNP Paribas Financial Markets
29
BNP Paribas Financial Markets
France
$755K -$2.9M -264,724 -79%
RJA
30
Raymond James & Associates
Florida
$717K +$31.7K +2,890 +5%
VAM
31
Visium Asset Management
New York
$644K -$200K -18,230 -23%
IT
32
Independence Trust
Tennessee
$555K – – –
FAM
33
Formidable Asset Management
Ohio
$500K +$500K +45,619 New
CFA
34
Carroll Financial Associates
North Carolina
$497K – – –
BRWA
35
B. Riley Wealth Advisors
Florida
$481K -$323K -29,458 -40%
GC
36
Guggenheim Capital
Illinois
$393K – – –
Janney Montgomery Scott
37
Janney Montgomery Scott
Pennsylvania
$392K +$398K +36,296 New
ICAS
38
Investors Capital Advisory Services
Massachusetts
$387K -$12.6K -1,153 -3%
NPC
39
National Planning Corporation
California
$326K +$116K +10,600 +55%
EVM
40
Eaton Vance Management
Massachusetts
$324K +$329K +30,000 New
DC
41
Davenport & Co
Virginia
$305K +$32.9K +3,000 +12%
SNC
42
Stifel Nicolaus & Co
Missouri
$262K – – –
Ameriprise
43
Ameriprise
Minnesota
$258K -$603 -55 -0.2%
IMS
44
Index Management Solutions
Pennsylvania
$246K +$250K +22,776 New
DIA
45
Dana Investment Advisors
Wisconsin
$232K +$23.8K +2,171 +11%
MIG
46
Mariner Investment Group
New York
$188K – – –
LTFS
47
Ladenburg Thalmann Financial Services
Florida
$164K +$166K +15,172 New
Goldman Sachs
48
Goldman Sachs
New York
$143K +$145K +13,200 New
Comerica Bank
49
Comerica Bank
Texas
$129K -$185K -16,870 -59%
KFS
50
KMS Financial Services
Washington
$116K +$118K +10,745 New
1
2
3 4

ETJ Hedge Fund Activity: Q3 2013 in Review

67 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) for Q3 2013, worth a combined $183M — up 4.2% from $176M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new ETJ positions and 8 closed out — a net gain of 1 holder — while 19 added to existing stakes and 22 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $14.1M. The largest seller was Western Investment, exiting entirely with an estimated $3.11M sold.

  • 67 institutional investors held Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) as of Q3 2013, up from 66 in Q2 2013.
  • Funds reported $183M of Eaton Vance Risk-Managed Diversified Equity Income Fund stock for Q3 2013, up 4.2% quarter-over-quarter.
  • 9 funds opened new Eaton Vance Risk-Managed Diversified Equity Income Fund positions in Q3 2013 and 8 closed out, a net change of +1 holder.
  • The largest Eaton Vance Risk-Managed Diversified Equity Income Fund buyer in Q3 2013 was Sit Investment Associates, an estimated $14.1M added.
  • The largest Eaton Vance Risk-Managed Diversified Equity Income Fund seller in Q3 2013 was Western Investment, an estimated $3.11M sold.

Based on aggregated 13F filings for Q3 2013.