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ETJ

Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ

62 hedge funds and large institutions have $164M invested in Eaton Vance Risk-Managed Diversified Equity Income Fund in 2014 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 25 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.59% less ownership

Funds ownership: 24.66% → 21.07% (-3.6%)

11% less funds holding

Funds holding: 70 → 62 (-8)

13% less capital invested

Capital invested by funds: $189M → $164M (-$25.2M)

20% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 25

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

53% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 15

Holders
62
Holders Change
-8
Holders Change %
-11.43%
% of All Funds
1.8%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.06%
New
7
Increased
20
Reduced
25
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PPA
Parametric Portfolio Associates
Washington
+$4.52M
2
U
UBS
Switzerland
+$2.12M
3
MWR
McAdams Wright Ragen
Washington
+$629K
4
Wells Fargo
Wells Fargo
California
+$566K
5
IMS
Index Management Solutions
Pennsylvania
+$483K

Top Sellers

1
SIA
Sit Investment Associates
Minnesota
-$7.1M
2
RCM
Rivernorth Capital Management
Florida
-$6.56M
3
BI
Bulldog Investors
New Jersey
-$3.8M
4
AA
Ancora Advisors
Ohio
-$2.67M
5
RVP
Relative Value Partners
Illinois
-$2.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
ICAS
26
Investors Capital Advisory Services
Massachusetts
$662K +$2.54K +219 +0.4%
MWR
27
McAdams Wright Ragen
Washington
$633K +$629K +54,150 New
AWA
28
Arete Wealth Advisors
Illinois
$616K +$181K +15,612 +42%
FAM
29
Formidable Asset Management
Ohio
$538K +$1.18K +102 +0.2%
HCM
30
Hollencrest Capital Management
California
$533K -$43.5K -3,750 -8%
Cambridge Investment Research Advisors
31
Cambridge Investment Research Advisors
Iowa
$343K -$45.5K -3,921 -12%
M&T Bank
32
M&T Bank
New York
$336K +$335K +28,818 New
Janney Montgomery Scott
33
Janney Montgomery Scott
Pennsylvania
$326K -$10K -865 -3%
Ameriprise
34
Ameriprise
Minnesota
$312K -$5.1K -439 -2%
DC
35
Davenport & Co
Virginia
$268K – – –
AIG
36
American International Group
New York
$264K +$51.7K +4,454 +25%
NPC
37
National Planning Corporation
California
$246K -$92.3K -7,956 -28%
BRWA
38
B. Riley Wealth Advisors
Florida
$221K -$217K -18,707 -50%
Goldman Sachs
39
Goldman Sachs
New York
$220K +$218K +18,821 New
PAG
40
Private Advisor Group
New Jersey
$196K +$17.4K +1,500 +10%
AA
41
Ancora Advisors
Ohio
$181K -$2.67M -229,900 -94%
UAS
42
United Asset Strategies
New York
$180K – – –
RJT
43
Raymond James Trust
Florida
$156K -$15.5K -1,336 -9%
CAN
44
Cetera Advisor Networks
California
$130K -$244K -21,000 -66%
HighTower Advisors
45
HighTower Advisors
Illinois
$129K -$1.4M -120,594 -92%
WS
46
Wedbush Securities
California
$120K +$453 +39 +0.4%
WA
47
WFG Advisors
Texas
$120K +$11K +947 +10%
TRCT
48
Tower Research Capital (TRC)
New York
$94K +$92.9K +8,000 New
PMFA
49
Plante Moran Financial Advisors
Michigan
$93K – – –
LTFS
50
Ladenburg Thalmann Financial Services
Florida
$84K -$184K -15,849 -69%
1
2
3 4

ETJ Hedge Fund Activity: Q3 2014 in Review

62 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) for Q3 2014, worth a combined $164M — down 13% from $189M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of ETJ and 7 opened new positions — a net loss of 8 holders — while 25 trimmed existing stakes and 20 added.

The largest buyer was Parametric Portfolio Associates, adding an estimated $4.52M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $7.1M sold.

  • 62 institutional investors held Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) as of Q3 2014, down from 70 in Q2 2014.
  • Funds reported $164M of Eaton Vance Risk-Managed Diversified Equity Income Fund stock for Q3 2014, down 13% quarter-over-quarter.
  • 7 funds opened new Eaton Vance Risk-Managed Diversified Equity Income Fund positions in Q3 2014 and 15 closed out, a net change of -8 holders.
  • The largest Eaton Vance Risk-Managed Diversified Equity Income Fund buyer in Q3 2014 was Parametric Portfolio Associates, an estimated $4.52M added.
  • The largest Eaton Vance Risk-Managed Diversified Equity Income Fund seller in Q3 2014 was Sit Investment Associates, an estimated $7.1M sold.

Based on aggregated 13F filings for Q3 2014.