ALPS Strategic Income Fund
RIGS
55 hedge funds and large institutions have $83.9M invested in ALPS Strategic Income Fund in 2019 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 20 increasing their positions, 18 reducing their positions, and 6 closing their positions.
117% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 6
15% more funds holding
Funds holding: 48 → 55 (+7)
11% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 18
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
7.34% less ownership
Funds ownership: 68.6% → 61.26% (-7.3%)
16% less capital invested
Capital invested by funds: $100M → $83.9M (-$16.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$1.43M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.13M |
| 3 |
VC
Vicus Capital
State College,
Pennsylvania
|
+$917K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$727K |
| 5 |
FTUS
Flow Traders U.S.
New York
|
+$558K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$7.48M |
| 2 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$6.01M |
| 3 |
RWA
Redhawk Wealth Advisors
Minneapolis,
Minnesota
|
-$2.4M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.51M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$963K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Koshinski Asset Management
Decatur,
Illinois
| $4.72K | -$191K | -7,799 | -4% |
|
|
FHA
52
Flagship Harbor Advisors
Boston,
Massachusetts
| $3K | – | – | – |
|
|
TA
53
TCG Advisors
Austin,
Texas
| $3K | +$3.08K | +126 | New |
|
|
RWA
54
Redhawk Wealth Advisors
Minneapolis,
Minnesota
| – | -$2.4M | -97,678 | Closed |
|
|
55
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$963K | -40,079 | Closed |
|
|
PFS
56
Prospera Financial Services
Dallas,
Texas
| – | -$863K | -35,784 | Closed |
|
|
AI
57
Atria Investments
Charlotte,
North Carolina
| – | -$469K | -19,536 | Closed |
|
|
IA
58
IFP Advisors
Tampa,
Florida
| – | -$23K | -937 | Closed |
|
|
MOS
59
MGO One Seven
Beachwood,
Ohio
| – | -$3K | -150 | Closed |
|
|
CRWM
60
Castle Rock Wealth Management
Walnut Creek,
California
| – | +$450K | +18,369 | New |
|
RIGS Hedge Fund Activity: Q1 2019 in Review
55 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in ALPS Strategic Income Fund (RIGS) for Q1 2019, worth a combined $83.9M — down 16% from $100M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new RIGS positions and 6 closed out — a net gain of 7 holders — while 20 added to existing stakes and 18 trimmed.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $1.43M. The largest seller was RiverFront Investment Group, cutting an estimated $7.48M.
- 55 institutional investors held ALPS Strategic Income Fund (RIGS) as of Q1 2019, up from 48 in Q4 2018.
- Funds reported $83.9M of ALPS Strategic Income Fund stock for Q1 2019, down 16% quarter-over-quarter.
- 13 funds opened new ALPS Strategic Income Fund positions in Q1 2019 and 6 closed out, a net change of +7 holders.
- The largest ALPS Strategic Income Fund buyer in Q1 2019 was Citadel Advisors, an estimated $1.43M added.
- The largest ALPS Strategic Income Fund seller in Q1 2019 was RiverFront Investment Group, an estimated $7.48M sold.
Based on aggregated 13F filings for Q1 2019.