ALPS Strategic Income Fund
RIGS
53 hedge funds and large institutions have $255M invested in ALPS Strategic Income Fund in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 20 increasing their positions, 17 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
18% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 17
6% more funds holding
Funds holding: 50 → 53 (+3)
1.01% less ownership
Funds ownership: 100.98% → 99.97% (-1%)
7% less capital invested
Capital invested by funds: $273M → $255M (-$18M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Koshinski Asset Management
Decatur,
Illinois
|
+$2.49M |
| 2 |
Jane Street
New York
|
+$1.18M |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$896K |
| 4 |
Morgan Stanley
New York
|
+$533K |
| 5 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$433K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$6.41M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$5.78M |
| 3 |
GFPC
Global Financial Private Capital
Sarasota,
Florida
|
-$2.69M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.94M |
| 5 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$806K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citigroup
New York
| $3K | +$3.14K | +128 | New |
|
|
VF
52
Virtu Financial
New York
| – | -$378K | -15,540 | Closed |
|
53
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$30K | -1,244 | Closed |
|
|
AWA
54
Acorn Wealth Advisors
Grand Blanc,
Michigan
| – | -$19K | -787 | Closed |
|
55
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$14K | -566 | Closed |
|
56
Bank of America
Charlotte,
North Carolina
| – | -$12K | -479 | Closed |
|
57
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$12K | -475 | Closed |
|
58
Fidelity Investments
Boston,
Massachusetts
| – | +$270 | +11 | New |
|
RIGS Hedge Fund Activity: Q3 2018 in Review
53 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in ALPS Strategic Income Fund (RIGS) for Q3 2018, worth a combined $255M — down 6.6% from $273M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new RIGS positions and 6 closed out — a net gain of 3 holders — while 20 added to existing stakes and 17 trimmed.
The largest buyer was Koshinski Asset Management, adding an estimated $2.49M. The largest seller was Cornerstone Wealth Management, cutting an estimated $6.41M.
- 53 institutional investors held ALPS Strategic Income Fund (RIGS) as of Q3 2018, up from 50 in Q2 2018.
- Funds reported $255M of ALPS Strategic Income Fund stock for Q3 2018, down 6.6% quarter-over-quarter.
- 9 funds opened new ALPS Strategic Income Fund positions in Q3 2018 and 6 closed out, a net change of +3 holders.
- The largest ALPS Strategic Income Fund buyer in Q3 2018 was Koshinski Asset Management, an estimated $2.49M added.
- The largest ALPS Strategic Income Fund seller in Q3 2018 was Cornerstone Wealth Management, an estimated $6.41M sold.
Based on aggregated 13F filings for Q3 2018.