ALPS Strategic Income Fund
RIGS
48 hedge funds and large institutions have $100M invested in ALPS Strategic Income Fund in 2018 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 15 reducing their positions, and 13 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
27% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 15
9% less funds holding
Funds holding: 53 → 48 (-5)
31.36% less ownership
Funds ownership: 99.97% → 68.6% (-31%)
38% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 13
61% less capital invested
Capital invested by funds: $255M → $100M (-$155M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$5.41M |
| 2 |
FF
Fluent Financial
Dallas,
Texas
|
+$3.91M |
| 3 |
RWA
Redhawk Wealth Advisors
Minneapolis,
Minnesota
|
+$2.37M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.59M |
| 5 |
Jane Street
New York
|
+$1.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$58.8M |
| 2 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$43.9M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$11.1M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$10.6M |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$3.65M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RJT
51
Raymond James Trust
St. Petersburg,
Florida
| – | -$242K | -9,839 | Closed |
|
|
BCM
52
Bluefin Capital Management
New York
| – | -$234K | -9,496 | Closed |
|
|
SS
53
Simplicity Solutions
Minneapolis,
Minnesota
| – | -$221K | -8,968 | Closed |
|
|
TSS
54
Two Sigma Securities
New York
| – | -$215K | -8,746 | Closed |
|
|
TFA
55
Transamerica Financial Advisors
St. Petersburg,
Florida
| – | -$96K | -3,889 | Closed |
|
|
AWMS
56
Advocacy Wealth Management Services
Atlanta,
Georgia
| – | -$23K | -919 | Closed |
|
|
HI
57
Hudock Inc
Williamsport,
Pennsylvania
| – | -$10K | -444 | Closed |
|
58
US Bancorp
Minneapolis,
Minnesota
| – | -$9K | -351 | Closed |
|
59
Citigroup
New York
| – | -$3K | -128 | Closed |
|
RIGS Hedge Fund Activity: Q4 2018 in Review
48 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in ALPS Strategic Income Fund (RIGS) for Q4 2018, worth a combined $100M — down 61% from $255M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of RIGS and 8 opened new positions — a net loss of 5 holders — while 15 trimmed existing stakes and 19 added.
The largest buyer was BB&T Securities, adding an estimated $5.41M. The largest seller was Cornerstone Wealth Management, cutting an estimated $58.8M.
- 48 institutional investors held ALPS Strategic Income Fund (RIGS) as of Q4 2018, down from 53 in Q3 2018.
- Funds reported $100M of ALPS Strategic Income Fund stock for Q4 2018, down 61% quarter-over-quarter.
- 8 funds opened new ALPS Strategic Income Fund positions in Q4 2018 and 13 closed out, a net change of -5 holders.
- The largest ALPS Strategic Income Fund buyer in Q4 2018 was BB&T Securities, an estimated $5.41M added.
- The largest ALPS Strategic Income Fund seller in Q4 2018 was Cornerstone Wealth Management, an estimated $58.8M sold.
Based on aggregated 13F filings for Q4 2018.