ALPS Strategic Income Fund
RIGS
8 hedge funds and large institutions have $272M 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.
82% more capital invested
Capital invested by funds: $150M → $272M (+$122M)
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
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 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RIG
1
RiverFront Investment Group
Richmond,
Virginia
| $190M | +$39.7M | +1,572,436 | +27% |
|
|
BTS
2
BB&T Securities
Richmond,
Virginia
| $63.4M | +$6.31M | +249,798 | New |
|
|
RJA
3
Raymond James & Associates
St Petersburg,
Florida
| $10M | +$9.95M | +394,072 | New |
|
|
B
4
Baird
Milwaukee,
Wisconsin
| $3.32M | +$3.3M | +130,736 | New |
|
|
5
Morgan Stanley
New York
| $2.49M | +$2.43M | +96,051 | +4,410% |
|
6
Royal Bank of Canada
Toronto,
Ontario, Canada
| $876K | +$802K | +31,783 | +1,150% |
|
7
Envestnet Asset Management
Chicago,
Illinois
| $673K | +$670K | +26,536 | New |
|
|
AIG
8
American International Group
New York
| $633K | +$630K | +24,967 | New |
|
|
9
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$666K | -26,604 | Closed |
|
|
10
Jane Street
New York
| – | -$295K | -11,794 | Closed |
|
|
HI
11
Hudock Inc
Williamsport,
Pennsylvania
| – | -$27K | -1,059 | Closed |
|
RIGS Hedge Fund Activity: Q1 2014 in Review
8 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in ALPS Strategic Income Fund (RIGS) for Q1 2014, worth a combined $272M — up 82% 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 $272M of ALPS Strategic Income Fund stock for Q1 2014, up 82% 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.