Investcorp Credit Management BDC
ICMB
27 hedge funds and large institutions have $48.1M invested in Investcorp Credit Management BDC in 2019 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 7 reducing their positions, and 7 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 7
13% more capital invested
Capital invested by funds: $42.7M → $48.1M (+$5.37M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2.23% less ownership
Funds ownership: 50.46% → 48.22% (-2.2%)
16% less funds holding
Funds holding: 32 → 27 (-5)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
+$655K |
| 2 |
OC
Oppenheimer & Co
New York
|
+$150K |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$75.9K |
| 4 |
AIM
Advantage Investment Management
Cedar Rapids,
Iowa
|
+$74.8K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$27.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Caxton Corporation
Princeton,
New Jersey
|
-$1.3M |
| 2 |
AM
Ares Management
Los Angeles,
California
|
-$848K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$446K |
| 4 |
TCM
Tegean Capital Management
New York
|
-$154K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$146K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFA
26
Nuveen Fund Advisors
Chicago,
Illinois
| – | -$78K | -12,548 | Closed |
|
|
PCM
27
Prelude Capital Management
New York
| – | -$74K | -11,883 | Closed |
|
|
TSS
28
Two Sigma Securities
New York
| – | -$70K | -11,225 | Closed |
|
|
AG
29
Advisor Group
Phoenix,
Arizona
| – | -$15K | -2,481 | Closed |
|
30
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$3K | -554 | Closed |
|
31
Macquarie Group
Sydney, NSW 2000,
Australia
| – | -$2K | -373 | Closed |
|
32
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | +$90 | +12 | New |
|
33
Simplex Trading
Chicago,
Illinois
| – | +$180 | +24 | New |
|
ICMB Hedge Fund Activity: Q1 2019 in Review
27 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Investcorp Credit Management BDC (ICMB) for Q1 2019, worth a combined $48.1M — up 13% from $42.7M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of ICMB and 2 opened new positions — a net loss of 5 holders — while 7 trimmed existing stakes and 10 added.
The largest buyer was Confluence Investment Management, adding an estimated $655K. The largest seller was Caxton Corporation, cutting an estimated $1.3M.
- 27 institutional investors held Investcorp Credit Management BDC (ICMB) as of Q1 2019, down from 32 in Q4 2018.
- Funds reported $48.1M of Investcorp Credit Management BDC stock for Q1 2019, up 13% quarter-over-quarter.
- 2 funds opened new Investcorp Credit Management BDC positions in Q1 2019 and 7 closed out, a net change of -5 holders.
- The largest Investcorp Credit Management BDC buyer in Q1 2019 was Confluence Investment Management, an estimated $655K added.
- The largest Investcorp Credit Management BDC seller in Q1 2019 was Caxton Corporation, an estimated $1.3M sold.
Based on aggregated 13F filings for Q1 2019.