Eaton Vance Tax-Managed Diversified Equity Income Fund
80 hedge funds and large institutions have $320M invested in Eaton Vance Tax-Managed Diversified Equity Income Fund in 2014 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 28 increasing their positions, 24 reducing their positions, and 12 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 24
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.66% less ownership
Funds ownership: 19.64% → 18.99% (-0.66%)
1% less capital invested
Capital invested by funds: $323M → $320M (-$2.75M)
7% less funds holding
Funds holding: 86 → 80 (-6)
42% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$9.42M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$5.58M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$3.08M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.77M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$2.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$16.4M |
| 2 |
Barclays
London,
United Kingdom
|
-$7.37M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$3.32M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.21M |
| 5 |
SG Americas Securities
New York
|
-$2.49M |
ETY Hedge Fund Activity: Q1 2014 in Review
80 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) for Q1 2014, worth a combined $320M — down 0.85% from $323M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of ETY and 7 opened new positions — a net loss of 5 holders — while 24 trimmed existing stakes and 28 added.
The largest buyer was Morgan Stanley, adding an estimated $9.42M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $16.4M sold.
- 80 institutional investors held Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) as of Q1 2014, down from 86 in Q4 2013.
- Funds reported $320M of Eaton Vance Tax-Managed Diversified Equity Income Fund stock for Q1 2014, down 0.85% quarter-over-quarter.
- 7 funds opened new Eaton Vance Tax-Managed Diversified Equity Income Fund positions in Q1 2014 and 12 closed out, a net change of -5 holders.
- The largest Eaton Vance Tax-Managed Diversified Equity Income Fund buyer in Q1 2014 was Morgan Stanley, an estimated $9.42M added.
- The largest Eaton Vance Tax-Managed Diversified Equity Income Fund seller in Q1 2014 was Rivernorth Capital Management, an estimated $16.4M sold.
Based on aggregated 13F filings for Q1 2014.