ALPS Strategic Income Fund
RIGS
52 hedge funds and large institutions have $167M invested in ALPS Strategic Income Fund in 2018 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 15 increasing their positions, 18 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
18% more funds holding
Funds holding: 44 → 52 (+8)
11.41% less ownership
Funds ownership: 82.43% → 71.02% (-11%)
17% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 18
40% less capital invested
Capital invested by funds: $280M → $167M (-$113M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$4.34M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.45M |
| 3 |
GFPC
Global Financial Private Capital
Sarasota,
Florida
|
+$3.07M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.73M |
| 5 |
Morgan Stanley
New York
|
+$1.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$90.9M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$20.9M |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$6.97M |
| 4 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$5.34M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.96M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CAC
51
Certified Advisory Corp
Altamonte Springs,
Florida
| $3K | +$3.35K | +135 | New |
|
|
FA
52
FDx Advisors
Chicago,
Illinois
| – | -$295K | -11,711 | Closed |
|
53
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$23K | -915 | Closed |
|
|
FAAS
54
First Allied Advisory Services
San Diego,
California
| – | -$14K | -576 | Closed |
|
|
APA
55
American Portfolios Advisors
Holbrook,
New York
| – | -$6.01K | -239 | Closed |
|
RIGS Hedge Fund Activity: Q1 2018 in Review
52 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in ALPS Strategic Income Fund (RIGS) for Q1 2018, worth a combined $167M — down 40% from $280M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new RIGS positions and 4 closed out — a net gain of 9 holders — while 15 added to existing stakes and 18 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $4.34M. The largest seller was RiverFront Investment Group, cutting an estimated $90.9M.
- 52 institutional investors held ALPS Strategic Income Fund (RIGS) as of Q1 2018, up from 44 in Q4 2017.
- Funds reported $167M of ALPS Strategic Income Fund stock for Q1 2018, down 40% quarter-over-quarter.
- 13 funds opened new ALPS Strategic Income Fund positions in Q1 2018 and 4 closed out, a net change of +9 holders.
- The largest ALPS Strategic Income Fund buyer in Q1 2018 was Jane Street, an estimated $4.34M added.
- The largest ALPS Strategic Income Fund seller in Q1 2018 was RiverFront Investment Group, an estimated $90.9M sold.
Based on aggregated 13F filings for Q1 2018.