ALPS Strategic Income Fund
RIGS
54 hedge funds and large institutions have $85M invested in ALPS Strategic Income Fund in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 24 reducing their positions, and 13 closing their positions.
1.54% more ownership
Funds ownership: 58.78% → 60.32% (+1.5%)
14% less funds holding
Funds holding: 63 → 54 (-9)
18% less capital invested
Capital invested by funds: $103M → $85M (-$18.1M)
29% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 24
46% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$5.51M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.7M |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$591K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$546K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$348K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GLA
Good Life Advisors
Reading,
Pennsylvania
|
-$3.57M |
| 2 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$1.52M |
| 3 |
GFPC
Global Financial Private Capital
Sarasota,
Florida
|
-$1.35M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$1.35M |
| 5 |
CCFM
Clear Creek Financial Management
Silverdale,
Washington
|
-$1.34M |
RIGS Hedge Fund Activity: Q1 2020 in Review
54 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in ALPS Strategic Income Fund (RIGS) for Q1 2020, worth a combined $85M — down 18% from $103M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of RIGS and 7 opened new positions — a net loss of 6 holders — while 24 trimmed existing stakes and 17 added.
The largest buyer was Jane Street, adding an estimated $5.51M. The largest seller was Good Life Advisors, exiting entirely with an estimated $3.57M sold.
- 54 institutional investors held ALPS Strategic Income Fund (RIGS) as of Q1 2020, down from 63 in Q4 2019.
- Funds reported $85M of ALPS Strategic Income Fund stock for Q1 2020, down 18% quarter-over-quarter.
- 7 funds opened new ALPS Strategic Income Fund positions in Q1 2020 and 13 closed out, a net change of -6 holders.
- The largest ALPS Strategic Income Fund buyer in Q1 2020 was Jane Street, an estimated $5.51M added.
- The largest ALPS Strategic Income Fund seller in Q1 2020 was Good Life Advisors, an estimated $3.57M sold.
Based on aggregated 13F filings for Q1 2020.