Eaton Vance Tax-Managed Diversified Equity Income Fund
142 hedge funds and large institutions have $264M invested in Eaton Vance Tax-Managed Diversified Equity Income Fund in 2020 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 39 increasing their positions, 26 reducing their positions, and 15 closing their positions.
127% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 15
50% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 26
14% more funds holding
Funds holding: 125 → 142 (+17)
1.42% more ownership
Funds ownership: 17.26% → 18.67% (+1.4%)
19% less capital invested
Capital invested by funds: $324M → $264M (-$60.1M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$23.3M |
| 2 |
Goldman Sachs
New York
|
+$2.81M |
| 3 |
RA
RFG Advisory
Birmingham,
Alabama
|
+$2.11M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.07M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$8.96M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$4.76M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$706K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$429K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$400K |
ETY Hedge Fund Activity: Q1 2020 in Review
142 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) for Q1 2020, worth a combined $264M — down 19% from $324M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new ETY positions and 15 closed out — a net gain of 19 holders — while 39 added to existing stakes and 26 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $23.3M. The largest seller was Morgan Stanley, cutting an estimated $8.96M.
- 142 institutional investors held Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) as of Q1 2020, up from 125 in Q4 2019.
- Funds reported $264M of Eaton Vance Tax-Managed Diversified Equity Income Fund stock for Q1 2020, down 19% quarter-over-quarter.
- 34 funds opened new Eaton Vance Tax-Managed Diversified Equity Income Fund positions in Q1 2020 and 15 closed out, a net change of +19 holders.
- The largest Eaton Vance Tax-Managed Diversified Equity Income Fund buyer in Q1 2020 was Karpus Investment Management, an estimated $23.3M added.
- The largest Eaton Vance Tax-Managed Diversified Equity Income Fund seller in Q1 2020 was Morgan Stanley, an estimated $8.96M sold.
Based on aggregated 13F filings for Q1 2020.