ALPS Strategic Income Fund
RIGS
45 hedge funds and large institutions have $67.9M invested in ALPS Strategic Income Fund in 2024 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 21 increasing their positions, 14 reducing their positions, and 7 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 14
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4.02% less ownership
Funds ownership: 70.28% → 66.25% (-4%)
8% less capital invested
Capital invested by funds: $73.7M → $67.9M (-$5.83M)
8% less funds holding
Funds holding: 49 → 45 (-4)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Elevated Capital Advisors
Sandy,
Utah
|
+$3.66M |
| 2 |
LPL Financial
San Diego,
California
|
+$2.58M |
| 3 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
+$699K |
| 4 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$422K |
| 5 |
AFG
Arkansas Financial Group
Little Rock,
Arkansas
|
+$412K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$8.88M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.64M |
| 3 |
Koshinski Asset Management
Decatur,
Illinois
|
-$1.14M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.05M |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$730K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ASBI
51
American State Bank (Iowa)
Sioux Center,
Iowa
| – | -$28.6K | -1,235 | Closed |
|
52
Fidelity Investments
Boston,
Massachusetts
| – | -$950 | -41 | Closed |
|
RIGS Hedge Fund Activity: Q1 2024 in Review
45 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in ALPS Strategic Income Fund (RIGS) for Q1 2024, worth a combined $67.9M — down 7.9% from $73.7M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of RIGS and 3 opened new positions — a net loss of 4 holders — while 14 trimmed existing stakes and 21 added.
The largest buyer was Elevated Capital Advisors, adding an estimated $3.66M. The largest seller was Morgan Stanley, cutting an estimated $8.88M.
- 45 institutional investors held ALPS Strategic Income Fund (RIGS) as of Q1 2024, down from 49 in Q4 2023.
- Funds reported $67.9M of ALPS Strategic Income Fund stock for Q1 2024, down 7.9% quarter-over-quarter.
- 3 funds opened new ALPS Strategic Income Fund positions in Q1 2024 and 7 closed out, a net change of -4 holders.
- The largest ALPS Strategic Income Fund buyer in Q1 2024 was Elevated Capital Advisors, an estimated $3.66M added.
- The largest ALPS Strategic Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $8.88M sold.
Based on aggregated 13F filings for Q1 2024.