C-Tracks ETNs based on Performance of the Miller/Howard MLP Fundamental Index
MLPC
MLPC was delisted on the 30th of October, 2020.
7 hedge funds and large institutions have $60M invested in C-Tracks ETNs based on Performance of the Miller/Howard MLP Fundamental Index in 2015 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 3 reducing their positions, and 2 closing their positions.
7% more capital invested
Capital invested by funds: $56M → $60M (+$4.02M)
13% less funds holding
Funds holding: 8 → 7 (-1)
33% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 3
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
+$19.5M |
| 2 |
Morgan Stanley
New York
|
+$3.13M |
| 3 |
MHI
Miller Howard Investments
Kingston,
New York
|
+$1.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
-$16.6M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$592K |
| 3 |
LPL Financial
San Diego,
California
|
-$226K |
| 4 |
Jane Street
New York
|
-$105K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$99.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Citigroup
New York
| $52M | +$19.5M | +1,182,329 | +54% |
|
|
MHI
2
Miller Howard Investments
Kingston,
New York
| $3.08M | +$1.41M | +85,672 | +75% |
|
|
3
Morgan Stanley
New York
| $2.94M | +$3.13M | +190,028 | New |
|
|
4
Jane Street
New York
| $1.4M | -$105K | -6,394 | -7% |
|
|
5
Royal Bank of Canada
Toronto,
Ontario, Canada
| $480K | -$592K | -35,955 | -54% |
|
|
6
UBS Group
Zurich,
Switzerland
| $113K | -$99.5K | -6,044 | -45% |
|
|
7
HighTower Advisors
Chicago,
Illinois
| – | -$16.6M | -1,053,006 | Closed |
|
|
8
LPL Financial
San Diego,
California
| – | -$226K | -12,900 | Closed |
|
MLPC Hedge Fund Activity: Q4 2015 in Review
7 of the 3,813 institutional investors tracked by Wall St. Rank reported a position in C-Tracks ETNs based on Performance of the Miller/Howard MLP Fundamental Index (MLPC) for Q4 2015, worth a combined $60M — up 7.2% from $56M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of MLPC and 1 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 2 added.
The largest buyer was Citigroup, adding an estimated $19.5M. The largest seller was HighTower Advisors, exiting entirely with an estimated $16.6M sold.
- 7 institutional investors held C-Tracks ETNs based on Performance of the Miller/Howard MLP Fundamental Index (MLPC) as of Q4 2015, down from 8 in Q3 2015.
- Funds reported $60M of C-Tracks ETNs based on Performance of the Miller/Howard MLP Fundamental Index stock for Q4 2015, up 7.2% quarter-over-quarter.
- 1 fund opened new C-Tracks ETNs based on Performance of the Miller/Howard MLP Fundamental Index positions in Q4 2015 and 2 closed out, a net change of -1 holder.
- The largest C-Tracks ETNs based on Performance of the Miller/Howard MLP Fundamental Index buyer in Q4 2015 was Citigroup, an estimated $19.5M added.
- The largest C-Tracks ETNs based on Performance of the Miller/Howard MLP Fundamental Index seller in Q4 2015 was HighTower Advisors, an estimated $16.6M sold.
Based on aggregated 13F filings for Q4 2015.