Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
70 hedge funds and large institutions have $161M invested in Eaton Vance Risk-Managed Diversified Equity Income Fund in 2015 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 34 increasing their positions, 17 reducing their positions, and 16 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
100% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 17
14% more capital invested
Capital invested by funds: $141M → $161M (+$19.8M)
2.4% more ownership
Funds ownership: 19.94% → 22.34% (+2.4%)
5% less funds holding
Funds holding: 74 → 70 (-4)
25% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.23M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$5.53M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$5.28M |
| 4 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$3.74M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$2.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$11.3M |
| 2 |
IMS
Index Management Solutions
Philadelphia,
Pennsylvania
|
-$3.49M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.97M |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$924K |
| 5 |
Goldman Sachs
New York
|
-$572K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
76
Tower Research Capital (TRC)
New York
| – | -$311K | -29,140 | Closed |
|
|
CS
77
Credit Suisse
Zurich,
Switzerland
| – | -$280K | -26,242 | Closed |
|
|
CWM
78
Concert Wealth Management
San Jose,
California
| – | -$274K | -25,655 | Closed |
|
|
SCP
79
Seizert Capital Partners
Birmingham,
Michigan
| – | -$194K | -18,163 | Closed |
|
|
UAS
80
United Asset Strategies
Garden City,
New York
| – | -$164K | -15,425 | Closed |
|
81
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$160K | -14,981 | Closed |
|
|
B
82
Baird
Milwaukee,
Wisconsin
| – | -$148K | -13,850 | Closed |
|
|
PMFA
83
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$64K | -6,041 | Closed |
|
84
Envestnet Asset Management
Chicago,
Illinois
| – | -$16K | -1,538 | Closed |
|
|
KIG
85
Kessler Investment Group
Columbus,
Indiana
| – | -$7K | -690 | Closed |
|
86
Creative Planning
Overland Park,
Kansas
| – | -$7K | -635 | Closed |
|
ETJ Hedge Fund Activity: Q1 2015 in Review
70 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) for Q1 2015, worth a combined $161M — up 14% from $141M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of ETJ and 12 opened new positions — a net loss of 4 holders — while 17 trimmed existing stakes and 34 added.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $7.23M. The largest seller was UBS Group, cutting an estimated $11.3M.
- 70 institutional investors held Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) as of Q1 2015, down from 74 in Q4 2014.
- Funds reported $161M of Eaton Vance Risk-Managed Diversified Equity Income Fund stock for Q1 2015, up 14% quarter-over-quarter.
- 12 funds opened new Eaton Vance Risk-Managed Diversified Equity Income Fund positions in Q1 2015 and 16 closed out, a net change of -4 holders.
- The largest Eaton Vance Risk-Managed Diversified Equity Income Fund buyer in Q1 2015 was Karpus Investment Management, an estimated $7.23M added.
- The largest Eaton Vance Risk-Managed Diversified Equity Income Fund seller in Q1 2015 was UBS Group, an estimated $11.3M sold.
Based on aggregated 13F filings for Q1 2015.