ALPS Strategic Income Fund
RIGS
28 hedge funds and large institutions have $291M invested in ALPS Strategic Income Fund in 2016 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 5 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 9
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.63% less ownership
Funds ownership: 89.6% → 88.97% (-0.63%)
2% less capital invested
Capital invested by funds: $297M → $291M (-$6.31M)
3% less funds holding
Funds holding: 29 → 28 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$10.9M |
| 2 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$913K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$869K |
| 4 |
Morgan Stanley
New York
|
+$516K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$352K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$12M |
| 2 |
Jane Street
New York
|
-$3.75M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.87M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$358K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$280K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HI
26
Hudock Inc
Williamsport,
Pennsylvania
| $42K | -$1.18K | -47 | -3% |
|
27
US Bancorp
Minneapolis,
Minnesota
| $10K | +$9.89K | +394 | New |
|
|
28
Jane Street
New York
| – | -$3.75M | -148,149 | Closed |
|
|
29
Citadel Advisors
Miami,
Florida
| – | -$358K | -14,143 | Closed |
|
|
30
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$280K | -11,032 | Closed |
|
|
AWMS
31
Advocacy Wealth Management Services
Atlanta,
Georgia
| – | -$61K | -2,404 | Closed |
|
|
WAS
32
Winch Advisory Services
Appleton,
Wisconsin
| – | -$54K | -2,141 | Closed |
|
RIGS Hedge Fund Activity: Q4 2016 in Review
28 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in ALPS Strategic Income Fund (RIGS) for Q4 2016, worth a combined $291M — down 2.1% from $297M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of RIGS and 4 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 12 added.
The largest buyer was Janney Montgomery Scott, adding an estimated $10.9M. The largest seller was RiverFront Investment Group, cutting an estimated $12M.
- 28 institutional investors held ALPS Strategic Income Fund (RIGS) as of Q4 2016, down from 29 in Q3 2016.
- Funds reported $291M of ALPS Strategic Income Fund stock for Q4 2016, down 2.1% quarter-over-quarter.
- 4 funds opened new ALPS Strategic Income Fund positions in Q4 2016 and 5 closed out, a net change of -1 holder.
- The largest ALPS Strategic Income Fund buyer in Q4 2016 was Janney Montgomery Scott, an estimated $10.9M added.
- The largest ALPS Strategic Income Fund seller in Q4 2016 was RiverFront Investment Group, an estimated $12M sold.
Based on aggregated 13F filings for Q4 2016.