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ALPS Strategic Income Fund
RIGS

44 hedge funds and large institutions have $61.6M invested in ALPS Strategic Income Fund in 2020 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 18 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.47% less ownership

Funds ownership: 55.91% → 52.44% (-3.5%)

14% less capital invested

Capital invested by funds: $71.4M → $61.6M (-$9.89M)

15% less funds holding

Funds holding: 52 → 44 (-8)

17% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 18

60% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 10

Holders
44
Holders Change
-8
Holders Change %
-15.38%
% of All Funds
0.89%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
15
Reduced
18
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$3.27M
2
AssetMark Inc
AssetMark Inc
California
+$918K
3
UBS Group
UBS Group
Switzerland
+$708K
4
AFP
Ausdal Financial Partners
Iowa
+$523K
5
Stifel Financial
Stifel Financial
Missouri
+$462K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$2.09M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$762K
3
FFN
Focus Financial Network
Minnesota
-$607K
4
RJA
Raymond James & Associates
Florida
-$538K
5
CWM
Cornerstone Wealth Management
Missouri
-$483K
Name Holding Trade Value Shares
Change 		Change in
Stake
IA
26
IFG Advisory
Georgia
$549K -$106K -4,286 -16%
AFP
27
Ausdal Financial Partners
Iowa
$520K +$523K +21,209 New
T
28
TRUADVICE
Florida
$447K +$447K +18,136 New
WGCA
29
Wolf Group Capital Advisors
Virginia
$391K +$7.03K +285 +2%
ECA
30
Elevated Capital Advisors
Utah
$375K -$19.2K -780 -5%
KAS
31
Kestra Advisory Services
Texas
$363K +$365K +14,795 New
PFS
32
Prospera Financial Services
Texas
$321K -$439K -17,805 -58%
CIBC World Market
33
CIBC World Market
Ontario, Canada
$307K – – –
BFEC
34
Benjamin F. Edwards & Company
Missouri
$285K +$54.2K +2,198 +23%
Commonwealth Equity Services
35
Commonwealth Equity Services
Massachusetts
$261K -$762K -30,897 -74%
HFP
36
Holistic Financial Partners
Indiana
$248K – – –
GWM
37
Geneos Wealth Management
Colorado
$48K – – –
CSPIA
38
Cary Street Partners Investment Advisory
Virginia
$20K +$19.7K +800 New
Wells Fargo
39
Wells Fargo
California
$16K – – –
Citigroup
40
Citigroup
New York
$12K – – –
VFA
41
Valeo Financial Advisors
Indiana
$6K – – –
SWM
42
Sugarloaf Wealth Management
Georgia
$5K +$49 +2 +0.9%
Koshinski Asset Management
43
Koshinski Asset Management
Illinois
$4.07K -$164K -6,670 -4%
SFS
44
Sowell Financial Services
Arkansas
$2K – – –
FFN
45
Focus Financial Network
Minnesota
– -$607K -24,712 Closed
HH
46
Hilltop Holdings
Texas
– -$428K -17,425 Closed
DI
47
DFPG Investments
Utah
– -$218K -8,830 Closed
AC
48
Avestar Capital
New York
– -$203K -8,256 Closed
AAM
49
Advisors Asset Management
Colorado
– -$58K -2,347 Closed
CAN
50
Cetera Advisor Networks
California
– -$30K -1,203 Closed
1
2
3

RIGS Hedge Fund Activity: Q3 2020 in Review

44 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in ALPS Strategic Income Fund (RIGS) for Q3 2020, worth a combined $61.6M — down 14% from $71.4M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of RIGS and 4 opened new positions — a net loss of 6 holders — while 18 trimmed existing stakes and 15 added.

The largest buyer was Jane Street, adding an estimated $3.27M. The largest seller was Morgan Stanley, cutting an estimated $2.09M.

  • 44 institutional investors held ALPS Strategic Income Fund (RIGS) as of Q3 2020, down from 52 in Q2 2020.
  • Funds reported $61.6M of ALPS Strategic Income Fund stock for Q3 2020, down 14% quarter-over-quarter.
  • 4 funds opened new ALPS Strategic Income Fund positions in Q3 2020 and 10 closed out, a net change of -6 holders.
  • The largest ALPS Strategic Income Fund buyer in Q3 2020 was Jane Street, an estimated $3.27M added.
  • The largest ALPS Strategic Income Fund seller in Q3 2020 was Morgan Stanley, an estimated $2.09M sold.

Based on aggregated 13F filings for Q3 2020.