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ALPS Strategic Income Fund
RIGS

52 hedge funds and large institutions have $71.4M invested in ALPS Strategic Income Fund in 2020 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 29 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% less funds holding

Funds holding: 54 → 52 (-2)

4.4% less ownership

Funds ownership: 60.32% → 55.91% (-4.4%)

16% less capital invested

Capital invested by funds: $85M → $71.4M (-$13.5M)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

62% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 29

Holders
52
Holders Change
-2
Holders Change %
-3.7%
% of All Funds
1.07%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
11
Reduced
29
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
+$2.52M
2
Stifel Financial
Stifel Financial
Missouri
+$597K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$224K
4
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$186K
5
SPC
Sigma Planning Corp
Michigan
+$142K

Top Sellers

Rank Fund Capital Flow
1
VC
Vicus Capital
Pennsylvania
-$3.79M
2
Morgan Stanley
Morgan Stanley
New York
-$3.52M
3
Jane Street
Jane Street
New York
-$3.52M
4
RIG
RiverFront Investment Group
Virginia
-$2.69M
5
Truist Financial
Truist Financial
North Carolina
-$2.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
IA
26
IFG Advisory
Georgia
$656K -$28.5K -1,204 -4%
Creative Planning
27
Creative Planning
Kansas
$621K -$101K -4,269 -14%
FFN
28
Focus Financial Network
Minnesota
$607K -$1.84M -77,593 -76%
CAC
29
Certified Advisory Corp
Florida
$538K +$12.6K +533 +2%
LPL Financial
30
LPL Financial
California
$535K -$754K -31,868 -59%
HH
31
Hilltop Holdings
Texas
$428K +$38.8K +1,641 +10%
ECA
32
Elevated Capital Advisors
Utah
$394K +$377K +15,924 New
WGCA
33
Wolf Group Capital Advisors
Virginia
$385K +$61.1K +2,583 +20%
CIBC World Market
34
CIBC World Market
Ontario, Canada
$308K – – –
HFP
35
Holistic Financial Partners
Indiana
$248K – – –
BFEC
36
Benjamin F. Edwards & Company
Missouri
$232K -$104K -4,381 -32%
DI
37
DFPG Investments
Utah
$218K +$1.02K +43 +0.5%
AC
38
Avestar Capital
New York
$203K -$31.3K -1,321 -14%
UBS Group
39
UBS Group
Switzerland
$60K -$177K -7,496 -75%
AAM
40
Advisors Asset Management
Colorado
$58K -$19.4K -819 -26%
GWM
41
Geneos Wealth Management
Colorado
$48K – – –
CAN
42
Cetera Advisor Networks
California
$30K +$28.5K +1,203 New
EP
43
Eudaimonia Partners
Tennessee
$20K -$1.42K -60 -7%
Wells Fargo
44
Wells Fargo
California
$16K -$47 -2 -0.3%
AssetMark Inc
45
AssetMark Inc
California
$12K – – –
Citigroup
46
Citigroup
New York
$12K – – –
SFA
47
Semmax Financial Advisors
North Carolina
$11K – – –
VFA
48
Valeo Financial Advisors
Indiana
$6K – – –
SWM
49
Sugarloaf Wealth Management
Georgia
$5K +$47 +2 +0.9%
LWA
50
Lenox Wealth Advisors
New York
$4K +$3.83K +162 New
1
2
3

RIGS Hedge Fund Activity: Q2 2020 in Review

52 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in ALPS Strategic Income Fund (RIGS) for Q2 2020, worth a combined $71.4M — down 16% from $85M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of RIGS and 4 opened new positions — a net loss of 2 holders — while 29 trimmed existing stakes and 11 added.

The largest buyer was Citadel Advisors, adding an estimated $2.52M. The largest seller was Vicus Capital, exiting entirely with an estimated $3.79M sold.

  • 52 institutional investors held ALPS Strategic Income Fund (RIGS) as of Q2 2020, down from 54 in Q1 2020.
  • Funds reported $71.4M of ALPS Strategic Income Fund stock for Q2 2020, down 16% quarter-over-quarter.
  • 4 funds opened new ALPS Strategic Income Fund positions in Q2 2020 and 6 closed out, a net change of -2 holders.
  • The largest ALPS Strategic Income Fund buyer in Q2 2020 was Citadel Advisors, an estimated $2.52M added.
  • The largest ALPS Strategic Income Fund seller in Q2 2020 was Vicus Capital, an estimated $3.79M sold.

Based on aggregated 13F filings for Q2 2020.