Investcorp Credit Management BDC
ICMB
25 hedge funds and large institutions have $46.1M invested in Investcorp Credit Management BDC in 2019 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 9 reducing their positions, and 6 closing their positions.
4% less capital invested
Capital invested by funds: $48.1M → $46.1M (-$2.01M)
3.44% less ownership
Funds ownership: 48.22% → 44.78% (-3.4%)
7% less funds holding
Funds holding: 27 → 25 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
33% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 9
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$3.03M |
| 2 |
VEA
Virtus ETF Advisers
New York
|
+$1.87M |
| 3 |
CCM
Callodine Capital Management
Boston,
Massachusetts
|
+$292K |
| 4 |
Squarepoint
New York
|
+$126K |
| 5 |
JP Morgan Chase
New York
|
+$83K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Caxton Corporation
Princeton,
New Jersey
|
-$6.32M |
| 2 |
TCM
Tegean Capital Management
New York
|
-$1.45M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$327K |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$265K |
| 5 |
AIM
Advantage Investment Management
Cedar Rapids,
Iowa
|
-$249K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIM
26
Advantage Investment Management
Cedar Rapids,
Iowa
| – | -$249K | -33,912 | Closed |
|
|
EGA
27
Eagle Global Advisors
Houston,
Texas
| – | -$106K | -14,400 | Closed |
|
28
SEI Investments
Oaks,
Pennsylvania
| – | -$52K | -7,116 | Closed |
|
29
Simplex Trading
Chicago,
Illinois
| – | -$174 | -24 | Closed |
|
ICMB Hedge Fund Activity: Q2 2019 in Review
25 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Investcorp Credit Management BDC (ICMB) for Q2 2019, worth a combined $46.1M — down 4.2% from $48.1M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of ICMB and 4 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 6 added.
The largest buyer was Kennedy Capital Management, opening a new position worth an estimated $3.03M. The largest seller was Caxton Corporation, exiting entirely with an estimated $6.32M sold.
- 25 institutional investors held Investcorp Credit Management BDC (ICMB) as of Q2 2019, down from 27 in Q1 2019.
- Funds reported $46.1M of Investcorp Credit Management BDC stock for Q2 2019, down 4.2% quarter-over-quarter.
- 4 funds opened new Investcorp Credit Management BDC positions in Q2 2019 and 6 closed out, a net change of -2 holders.
- The largest Investcorp Credit Management BDC buyer in Q2 2019 was Kennedy Capital Management, an estimated $3.03M added.
- The largest Investcorp Credit Management BDC seller in Q2 2019 was Caxton Corporation, an estimated $6.32M sold.
Based on aggregated 13F filings for Q2 2019.