ALPS Strategic Income Fund
RIGS
30 hedge funds and large institutions have $293M invested in ALPS Strategic Income Fund in 2016 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 15 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
3% more funds holding
Funds holding: 29 → 30 (+1)
0.13% more ownership
Funds ownership: 90.13% → 90.26% (+0.13%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
26% less capital invested
Capital invested by funds: $394M → $293M (-$102M)
40% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$6.55M |
| 2 |
Jane Street
New York
|
+$1.1M |
| 3 |
Morgan Stanley
New York
|
+$505K |
| 4 |
3AM
3D Asset Management
Hartford,
Connecticut
|
+$260K |
| 5 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$79.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$79.7M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$19.9M |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$4.31M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.43M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$2.16M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
26
IFP Advisors
Tampa,
Florida
| $23K | +$23.1K | +937 | New |
|
27
Wells Fargo
San Francisco,
California
| $16K | +$4.59K | +186 | +39% |
|
|
BFEC
28
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $5K | +$4.93K | +200 | New |
|
|
VKH
29
Virtu KCG Holdings
New York
| – | -$848K | -34,670 | Closed |
|
|
AIG
30
American International Group
New York
| – | -$355K | -14,536 | Closed |
|
31
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$314K | -12,859 | Closed |
|
32
Bank of America
Charlotte,
North Carolina
| – | +$25 | +1 | New |
|
RIGS Hedge Fund Activity: Q2 2016 in Review
30 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in ALPS Strategic Income Fund (RIGS) for Q2 2016, worth a combined $293M — down 26% from $394M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new RIGS positions and 3 closed out — a net gain of 2 holders — while 9 added to existing stakes and 15 trimmed.
The largest buyer was Stifel Financial, adding an estimated $6.55M. The largest seller was RiverFront Investment Group, cutting an estimated $79.7M.
- 30 institutional investors held ALPS Strategic Income Fund (RIGS) as of Q2 2016, up from 29 in Q1 2016.
- Funds reported $293M of ALPS Strategic Income Fund stock for Q2 2016, down 26% quarter-over-quarter.
- 5 funds opened new ALPS Strategic Income Fund positions in Q2 2016 and 3 closed out, a net change of +2 holders.
- The largest ALPS Strategic Income Fund buyer in Q2 2016 was Stifel Financial, an estimated $6.55M added.
- The largest ALPS Strategic Income Fund seller in Q2 2016 was RiverFront Investment Group, an estimated $79.7M sold.
Based on aggregated 13F filings for Q2 2016.