ALPS Strategic Income Fund
RIGS
22 hedge funds and large institutions have $285M invested in ALPS Strategic Income Fund in 2014 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
22% more funds holding
Funds holding: 18 → 22 (+4)
14.66% less ownership
Funds ownership: 93.55% → 78.88% (-15%)
17% less capital invested
Capital invested by funds: $343M → $285M (-$57.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
3AM
3D Asset Management
Hartford,
Connecticut
|
+$7.87M |
| 2 |
B
Baird
Milwaukee,
Wisconsin
|
+$4.12M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.27M |
| 4 |
Jane Street
New York
|
+$697K |
| 5 |
S
SignatureFD
Atlanta,
Georgia
|
+$360K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$71.1M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$4.2M |
| 3 |
Morgan Stanley
New York
|
-$1.43M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.23M |
| 5 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$590K |
RIGS Hedge Fund Activity: Q4 2014 in Review
22 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in ALPS Strategic Income Fund (RIGS) for Q4 2014, worth a combined $285M — down 17% from $343M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new RIGS positions and 2 closed out — a net gain of 4 holders — while 9 added to existing stakes and 6 trimmed.
The largest buyer was 3D Asset Management, adding an estimated $7.87M. The largest seller was RiverFront Investment Group, cutting an estimated $71.1M.
- 22 institutional investors held ALPS Strategic Income Fund (RIGS) as of Q4 2014, up from 18 in Q3 2014.
- Funds reported $285M of ALPS Strategic Income Fund stock for Q4 2014, down 17% quarter-over-quarter.
- 6 funds opened new ALPS Strategic Income Fund positions in Q4 2014 and 2 closed out, a net change of +4 holders.
- The largest ALPS Strategic Income Fund buyer in Q4 2014 was 3D Asset Management, an estimated $7.87M added.
- The largest ALPS Strategic Income Fund seller in Q4 2014 was RiverFront Investment Group, an estimated $71.1M sold.
Based on aggregated 13F filings for Q4 2014.