ALPS Strategic Income Fund
RIGS
50 hedge funds and large institutions have $273M invested in ALPS Strategic Income Fund in 2018 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 22 increasing their positions, 13 reducing their positions, and 5 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
69% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 13
64% more capital invested
Capital invested by funds: $167M → $273M (+$106M)
29.95% more ownership
Funds ownership: 71.02% → 100.98% (+30%)
4% less funds holding
Funds holding: 52 → 50 (-2)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$66.2M |
| 2 |
GFPC
Global Financial Private Capital
Sarasota,
Florida
|
+$2.62M |
| 3 |
VC
Vicus Capital
State College,
Pennsylvania
|
+$1.47M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.15M |
| 5 |
IA
IFG Advisory
Atlanta,
Georgia
|
+$463K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.89M |
| 2 |
Jane Street
New York
|
-$3.12M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.28M |
| 4 |
MML Investors Services
Springfield,
Massachusetts
|
-$1.04M |
| 5 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$916K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citadel Advisors
Miami,
Florida
| – | -$438K | -17,830 | Closed |
|
|
BCM
52
Bluefin Capital Management
New York
| – | -$380K | -15,454 | Closed |
|
|
BC
53
Bartlett & Co
Cincinnati,
Ohio
| – | -$32K | -1,309 | Closed |
|
|
BCWM
54
Bartlett & Co Wealth Management
Cincinnati,
Ohio
| – | -$32.2K | -1,309 | Closed |
|
RIGS Hedge Fund Activity: Q2 2018 in Review
50 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in ALPS Strategic Income Fund (RIGS) for Q2 2018, worth a combined $273M — up 64% from $167M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of RIGS and 4 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 22 added.
The largest buyer was Cornerstone Wealth Management, adding an estimated $66.2M. The largest seller was Morgan Stanley, cutting an estimated $3.89M.
- 50 institutional investors held ALPS Strategic Income Fund (RIGS) as of Q2 2018, down from 52 in Q1 2018.
- Funds reported $273M of ALPS Strategic Income Fund stock for Q2 2018, up 64% quarter-over-quarter.
- 4 funds opened new ALPS Strategic Income Fund positions in Q2 2018 and 5 closed out, a net change of -1 holder.
- The largest ALPS Strategic Income Fund buyer in Q2 2018 was Cornerstone Wealth Management, an estimated $66.2M added.
- The largest ALPS Strategic Income Fund seller in Q2 2018 was Morgan Stanley, an estimated $3.89M sold.
Based on aggregated 13F filings for Q2 2018.