ALPS Strategic Income Fund
RIGS
8 hedge funds and large institutions have $215M invested in ALPS Strategic Income Fund in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 3 increasing their positions, reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
44% more capital invested
Capital invested by funds: $150M → $215M (+$65.1M)
33% more funds holding
Funds holding: 6 → 8 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3.14% less ownership
Funds ownership: 98.73% → 95.59% (-3.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
+$39.7M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$9.95M |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$6.31M |
| 4 |
B
Baird
Milwaukee,
Wisconsin
|
+$3.3M |
| 5 |
Morgan Stanley
New York
|
+$2.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$666K |
| 2 |
Jane Street
New York
|
-$295K |
| 3 |
HI
Hudock Inc
Williamsport,
Pennsylvania
|
-$27K |
RIGS Hedge Fund Activity: Q1 2014 in Review
8 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in ALPS Strategic Income Fund (RIGS) for Q1 2014, worth a combined $215M — up 44% from $150M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new RIGS positions and 3 closed out — a net gain of 2 holders — while 3 added to existing stakes and 0 trimmed.
The largest buyer was RiverFront Investment Group, adding an estimated $39.7M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $666K sold.
- 8 institutional investors held ALPS Strategic Income Fund (RIGS) as of Q1 2014, up from 6 in Q4 2013.
- Funds reported $215M of ALPS Strategic Income Fund stock for Q1 2014, up 44% quarter-over-quarter.
- 5 funds opened new ALPS Strategic Income Fund positions in Q1 2014 and 3 closed out, a net change of +2 holders.
- The largest ALPS Strategic Income Fund buyer in Q1 2014 was RiverFront Investment Group, an estimated $39.7M added.
- The largest ALPS Strategic Income Fund seller in Q1 2014 was Susquehanna International Group, an estimated $666K sold.
Based on aggregated 13F filings for Q1 2014.