ALPS Strategic Income Fund
RIGS
48 hedge funds and large institutions have $101M invested in ALPS Strategic Income Fund in 2018 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 14 reducing their positions, and 13 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 14
2.51% less ownership
Funds ownership: 71.11% → 68.6% (-2.5%)
8% less funds holding
Funds holding: 52 → 48 (-4)
31% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 13
35% less capital invested
Capital invested by funds: $155M → $101M (-$54.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$5.41M |
| 2 |
FF
Fluent Financial
Dallas,
Texas
|
+$3.91M |
| 3 |
RWA
Redhawk Wealth Advisors
Minneapolis,
Minnesota
|
+$2.37M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.59M |
| 5 |
Jane Street
New York
|
+$1.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$43.9M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$11.1M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$10.6M |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$3.65M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.36M |
RIGS Hedge Fund Activity: Q4 2018 in Review
48 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in ALPS Strategic Income Fund (RIGS) for Q4 2018, worth a combined $101M — down 35% from $155M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of RIGS and 9 opened new positions — a net loss of 4 holders — while 14 trimmed existing stakes and 19 added.
The largest buyer was BB&T Securities, adding an estimated $5.41M. The largest seller was RiverFront Investment Group, cutting an estimated $43.9M.
- 48 institutional investors held ALPS Strategic Income Fund (RIGS) as of Q4 2018, down from 52 in Q3 2018.
- Funds reported $101M of ALPS Strategic Income Fund stock for Q4 2018, down 35% quarter-over-quarter.
- 9 funds opened new ALPS Strategic Income Fund positions in Q4 2018 and 13 closed out, a net change of -4 holders.
- The largest ALPS Strategic Income Fund buyer in Q4 2018 was BB&T Securities, an estimated $5.41M added.
- The largest ALPS Strategic Income Fund seller in Q4 2018 was RiverFront Investment Group, an estimated $43.9M sold.
Based on aggregated 13F filings for Q4 2018.