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ALPS Strategic Income Fund

29 hedge funds and large institutions have $297M invested in ALPS Strategic Income Fund in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 11 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% more capital invested

Capital invested by funds: $293M → $297M (+$4.49M)

0% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 11

0.66% less ownership

Funds ownership: 90.26%89.6% (-0.66%)

3% less funds holding

Funds holding: 3029 (-1)

25% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 4

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
29
Holders Change
-1
Holders Change %
-3.33%
% of All Funds
0.77%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
3
Increased
11
Reduced
11
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RIG
1
RiverFront Investment Group
Virginia
$197M -$2.28M -90,272 -1%
RJA
2
Raymond James & Associates
Florida
$41.7M -$1.23M -48,617 -3%
BTS
3
BB&T Securities
Virginia
$15.9M +$391K +15,466 +3%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$8.54M +$1.18M +46,540 +16%
Stifel Financial
5
Stifel Financial
Missouri
$7.32M +$333K +13,198 +5%
Morgan Stanley
6
Morgan Stanley
New York
$6.96M -$170K -6,747 -2%
Envestnet Asset Management
7
Envestnet Asset Management
Illinois
$5.37M -$566K -22,399 -10%
Jane Street
8
Jane Street
New York
$3.75M +$1.74M +68,925 +87%
UBS Group
9
UBS Group
Switzerland
$2.47M -$125K -4,949 -5%
Koshinski Asset Management
10
Koshinski Asset Management
Illinois
$2.23M -$870K -34,434 -28%
RJFSA
11
Raymond James Financial Services Advisors
Florida
$1.7M -$67.7K -2,679 -4%
VC
12
Vicus Capital
Pennsylvania
$1.01M +$13.3K +526 +1%
CWM
13
Cornerstone Wealth Management
Missouri
$686K +$684K +27,075 New
Baird Financial Group
14
Baird Financial Group
Wisconsin
$404K +$6.19K +245 +2%
Citadel Advisors
15
Citadel Advisors
Florida
$358K +$357K +14,143 New
AG
16
Advisor Group
Arizona
$341K -$44K -1,744 -11%
Wells Fargo
17
Wells Fargo
California
$304K +$286K +11,337 +1,715%
MFS
18
MSI Financial Services
Massachusetts
$292K -$58K -2,296 -17%
Susquehanna International Group
19
Susquehanna International Group
Pennsylvania
$280K -$29.5K -1,170 -10%
FA
20
FDx Advisors
Illinois
$280K -$4.17K -165 -1%
Cambridge Investment Research Advisors
21
Cambridge Investment Research Advisors
Iowa
$274K +$5.91K +234 +2%
Janney Montgomery Scott
22
Janney Montgomery Scott
Pennsylvania
$248K +$247K +9,769 New
IA
23
IFP Advisors
Florida
$62K +$37.9K +1,500 +160%
AWMS
24
Advocacy Wealth Management Services
Georgia
$61K
WAS
25
Winch Advisory Services
Wisconsin
$54K +$631 +25 +1%

RIGS Hedge Fund Activity: Q3 2016 in Review

29 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in ALPS Strategic Income Fund (RIGS) for Q3 2016, worth a combined $297M — up 1.5% from $293M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of RIGS and 3 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 11 added.

The largest buyer was Jane Street, adding an estimated $1.74M. The largest seller was RiverFront Investment Group, cutting an estimated $2.28M.

  • 29 institutional investors held ALPS Strategic Income Fund (RIGS) as of Q3 2016, down from 30 in Q2 2016.
  • Funds reported $297M of ALPS Strategic Income Fund stock for Q3 2016, up 1.5% quarter-over-quarter.
  • 3 funds opened new ALPS Strategic Income Fund positions in Q3 2016 and 4 closed out, a net change of -1 holder.
  • The largest ALPS Strategic Income Fund buyer in Q3 2016 was Jane Street, an estimated $1.74M added.
  • The largest ALPS Strategic Income Fund seller in Q3 2016 was RiverFront Investment Group, an estimated $2.28M sold.

Based on aggregated 13F filings for Q3 2016.