ALPS Strategic Income Fund
RIGS
29 hedge funds and large institutions have $394M invested in ALPS Strategic Income Fund in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 12 reducing their positions, and 7 closing their positions.
0.21% more ownership
Funds ownership: 89.92% → 90.13% (+0.21%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less capital invested
Capital invested by funds: $410M → $394M (-$15.6M)
8% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 12
9% less funds holding
Funds holding: 32 → 29 (-3)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
+$6.03M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$2.41M |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$1.52M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$676K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$592K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
3AM
3D Asset Management
Hartford,
Connecticut
|
-$11.6M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$7.55M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$4.7M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.44M |
| 5 |
Morgan Stanley
New York
|
-$1.52M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAS
26
Winch Advisory Services
Appleton,
Wisconsin
| $51K | +$434 | +18 | +0.9% |
|
|
LTFS
27
Ladenburg Thalmann Financial Services
Miami,
Florida
| $45K | -$319K | -13,214 | -88% |
|
28
Wells Fargo
San Francisco,
California
| $12K | +$11.5K | +475 | New |
|
|
3AM
29
3D Asset Management
Hartford,
Connecticut
| – | -$11.6M | -478,463 | Closed |
|
|
AI
30
Atria Investments
Charlotte,
North Carolina
| – | -$777K | -32,190 | Closed |
|
|
AWA
31
Arete Wealth Advisors
Chicago,
Illinois
| – | -$263K | -10,885 | Closed |
|
32
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$77K | -3,165 | Closed |
|
33
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$28K | -1,149 | Closed |
|
|
IA
34
IFP Advisors
Tampa,
Florida
| – | -$23K | -937 | Closed |
|
|
WEC
35
Winslow Evans & Crocker
Boston,
Massachusetts
| – | -$12.6K | -524 | Closed |
|
RIGS Hedge Fund Activity: Q1 2016 in Review
29 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in ALPS Strategic Income Fund (RIGS) for Q1 2016, worth a combined $394M — down 3.8% from $410M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of RIGS and 5 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 11 added.
The largest buyer was RiverFront Investment Group, adding an estimated $6.03M. The largest seller was 3D Asset Management, exiting entirely with an estimated $11.6M sold.
- 29 institutional investors held ALPS Strategic Income Fund (RIGS) as of Q1 2016, down from 32 in Q4 2015.
- Funds reported $394M of ALPS Strategic Income Fund stock for Q1 2016, down 3.8% quarter-over-quarter.
- 5 funds opened new ALPS Strategic Income Fund positions in Q1 2016 and 7 closed out, a net change of -2 holders.
- The largest ALPS Strategic Income Fund buyer in Q1 2016 was RiverFront Investment Group, an estimated $6.03M added.
- The largest ALPS Strategic Income Fund seller in Q1 2016 was 3D Asset Management, an estimated $11.6M sold.
Based on aggregated 13F filings for Q1 2016.