Investcorp Credit Management BDC
ICMB
32 hedge funds and large institutions have $42.7M invested in Investcorp Credit Management BDC in 2018 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
10% more funds holding
Funds holding: 29 → 32 (+3)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.61% less ownership
Funds ownership: 51.07% → 50.46% (-0.61%)
25% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 12
28% less capital invested
Capital invested by funds: $59.5M → $42.7M (-$16.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Caxton Corporation
Princeton,
New Jersey
|
+$1.04M |
| 2 |
TSS
Two Sigma Securities
New York
|
+$87.2K |
| 3 |
OC
Oppenheimer & Co
New York
|
+$62.6K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$60.1K |
| 5 |
AIM
Advantage Investment Management
Cedar Rapids,
Iowa
|
+$42.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
-$540K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$404K |
| 3 |
PCM
Prelude Capital Management
New York
|
-$299K |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$196K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$176K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $46K | +$21.1K | +2,718 | +56% |
|
|
AG
27
Advisor Group
Phoenix,
Arizona
| $15K | +$19.3K | +2,481 | New |
|
|
QCIG
28
Quad-Cities Investment Group
Davenport,
Iowa
| $4K | – | – | – |
|
|
CIAS
29
Capital Investment Advisory Services
Raleigh,
North Carolina
| $3K | +$3.13K | +403 | New |
|
30
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $3K | +$4.3K | +554 | New |
|
31
Macquarie Group
Sydney, NSW 2000,
Australia
| $2K | -$73K | -9,398 | -96% |
|
32
Bank of America
Charlotte,
North Carolina
| – | -$17K | -2,014 | Closed |
|
ICMB Hedge Fund Activity: Q4 2018 in Review
32 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Investcorp Credit Management BDC (ICMB) for Q4 2018, worth a combined $42.7M — down 28% from $59.5M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new ICMB positions and 1 closed out — a net gain of 3 holders — while 9 added to existing stakes and 12 trimmed.
The largest buyer was Caxton Corporation, adding an estimated $1.04M. The largest seller was Confluence Investment Management, cutting an estimated $540K.
- 32 institutional investors held Investcorp Credit Management BDC (ICMB) as of Q4 2018, up from 29 in Q3 2018.
- Funds reported $42.7M of Investcorp Credit Management BDC stock for Q4 2018, down 28% quarter-over-quarter.
- 4 funds opened new Investcorp Credit Management BDC positions in Q4 2018 and 1 closed out, a net change of +3 holders.
- The largest Investcorp Credit Management BDC buyer in Q4 2018 was Caxton Corporation, an estimated $1.04M added.
- The largest Investcorp Credit Management BDC seller in Q4 2018 was Confluence Investment Management, an estimated $540K sold.
Based on aggregated 13F filings for Q4 2018.