Investcorp Credit Management BDC
ICMB
30 hedge funds and large institutions have $51.1M invested in Investcorp Credit Management BDC in 2017 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 12 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
0.42% more ownership
Funds ownership: 45.71% → 46.13% (+0.42%)
0% more funds holding
Funds holding: 30 → 30 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
12% less capital invested
Capital invested by funds: $58.1M → $51.1M (-$6.98M)
42% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 12
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $188K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Tegean Capital Management
New York
|
+$1.28M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$766K |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$473K |
| 4 |
JP Morgan Chase
New York
|
+$314K |
| 5 |
AIM
Advantage Investment Management
Cedar Rapids,
Iowa
|
+$93.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$587K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$325K |
| 3 |
Simplex Trading
Chicago,
Illinois
|
-$322K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$308K |
| 5 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
-$186K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Wells Fargo
San Francisco,
California
| $20K | +$17.4K | +2,014 | +399% |
|
27
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $16K | +$17.4K | +2,014 | New |
|
|
PWM
28
Perigon Wealth Management
San Francisco,
California
| $15K | – | – | – |
|
29
Barclays
London,
United Kingdom
| $1K | -$871 | -101 | -61% |
|
30
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $1K | – | – | – |
|
31
Wolverine Trading
Chicago,
Illinois
| – | -$175K | -18,798 | Closed |
|
|
BC
32
Barnett & Company
Chattanooga,
Tennessee
| – | -$9K | -1,007 | Closed |
|
|
IA
33
IFP Advisors
Tampa,
Florida
| – | -$2K | -169 | Closed |
|
ICMB Hedge Fund Activity: Q4 2017 in Review
30 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Investcorp Credit Management BDC (ICMB) for Q4 2017, worth a combined $51.1M — down 12% from $58.1M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new ICMB positions and 3 closed out — a net gain of 1 holder — while 7 added to existing stakes and 12 trimmed.
The largest buyer was Tegean Capital Management, opening a new position worth an estimated $1.28M. The largest seller was Morgan Stanley, cutting an estimated $587K.
- 30 institutional investors held Investcorp Credit Management BDC (ICMB) as of Q4 2017, unchanged from Q3 2017.
- Funds reported $51.1M of Investcorp Credit Management BDC stock for Q4 2017, down 12% quarter-over-quarter.
- 4 funds opened new Investcorp Credit Management BDC positions in Q4 2017 and 3 closed out, a net change of +1 holder.
- The largest Investcorp Credit Management BDC buyer in Q4 2017 was Tegean Capital Management, an estimated $1.28M added.
- The largest Investcorp Credit Management BDC seller in Q4 2017 was Morgan Stanley, an estimated $587K sold.
Based on aggregated 13F filings for Q4 2017.