Eaton Vance Tax-Managed Diversified Equity Income Fund
94 hedge funds and large institutions have $350M invested in Eaton Vance Tax-Managed Diversified Equity Income Fund in 2015 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 34 increasing their positions, 27 reducing their positions, and 19 closing their positions.
26% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 27
2% more capital invested
Capital invested by funds: $344M → $350M (+$5.91M)
0.13% less ownership
Funds ownership: 20.47% → 20.34% (-0.13%)
9% less funds holding
Funds holding: 103 → 94 (-9)
32% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.45M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$2.24M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.16M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$1.91M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$895K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
-$5.61M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$4.65M |
| 3 |
IMS
Index Management Solutions
Philadelphia,
Pennsylvania
|
-$3.78M |
| 4 |
PCM
Parsons Capital Management
Providence,
Rhode Island
|
-$2.71M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.58M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Goldman Sachs
New York
| – | -$243K | -21,714 | Closed |
|
|
LIA
102
LBMC Investment Advisors
Brentwood,
Tennessee
| – | -$179K | -16,000 | Closed |
|
|
WS
103
Wedbush Securities
Los Angeles,
California
| – | -$133K | -11,925 | Closed |
|
|
CS
104
Credit Suisse
Zurich,
Switzerland
| – | -$120K | -10,713 | Closed |
|
|
PMFA
105
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$95K | -8,519 | Closed |
|
|
NPC
106
National Planning Corporation
El Segundo,
California
| – | -$82.2K | -7,409 | Closed |
|
|
WA
107
WFG Advisors
Dallas,
Texas
| – | -$26K | -2,300 | Closed |
|
108
AllianceBernstein
Nashville,
Tennessee
| – | -$12K | -1,070 | Closed |
|
109
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$6K | -500 | Closed |
|
|
LFR
110
Lehman Financial Resources
Media,
Pennsylvania
| – | -$6K | -495 | Closed |
|
|
CFSG
111
Community Financial Services Group
Newport,
Vermont
| – | -$5K | -450 | Closed |
|
|
RC
112
RegentAtlantic Capital
Morristown,
New Jersey
| – | -$1.79K | -160 | Closed |
|
113
Envestnet Asset Management
Chicago,
Illinois
| – | -$2K | -142 | Closed |
|
ETY Hedge Fund Activity: Q1 2015 in Review
94 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) for Q1 2015, worth a combined $350M — up 1.7% from $344M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of ETY and 13 opened new positions — a net loss of 6 holders — while 27 trimmed existing stakes and 34 added.
The largest buyer was Morgan Stanley, adding an estimated $5.45M. The largest seller was Aviance Capital Management, exiting entirely with an estimated $5.61M sold.
- 94 institutional investors held Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) as of Q1 2015, down from 103 in Q4 2014.
- Funds reported $350M of Eaton Vance Tax-Managed Diversified Equity Income Fund stock for Q1 2015, up 1.7% quarter-over-quarter.
- 13 funds opened new Eaton Vance Tax-Managed Diversified Equity Income Fund positions in Q1 2015 and 19 closed out, a net change of -6 holders.
- The largest Eaton Vance Tax-Managed Diversified Equity Income Fund buyer in Q1 2015 was Morgan Stanley, an estimated $5.45M added.
- The largest Eaton Vance Tax-Managed Diversified Equity Income Fund seller in Q1 2015 was Aviance Capital Management, an estimated $5.61M sold.
Based on aggregated 13F filings for Q1 2015.