ALPS Strategic Income Fund
RIGS
42 hedge funds and large institutions have $58M invested in ALPS Strategic Income Fund in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 22 increasing their positions, 13 reducing their positions, and 6 closing their positions.
69% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 13
4% more capital invested
Capital invested by funds: $55.8M → $58M (+$2.17M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3.1% less ownership
Funds ownership: 54.02% → 50.92% (-3.1%)
11% less funds holding
Funds holding: 47 → 42 (-5)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$4.41M |
| 2 |
CAC
Certified Advisory Corp
Altamonte Springs,
Florida
|
+$2.49M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.34M |
| 4 |
CWM
Capital Wealth Management
W. Warwick,
Rhode Island
|
+$1.27M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$619K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
TAP Consulting
Kirkwood,
Missouri
|
-$3.97M |
| 2 |
Koshinski Asset Management
Decatur,
Illinois
|
-$2.88M |
| 3 |
Morgan Stanley
New York
|
-$2.21M |
| 4 |
Jane Street
New York
|
-$1.15M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$257K |
RIGS Hedge Fund Activity: Q1 2023 in Review
42 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in ALPS Strategic Income Fund (RIGS) for Q1 2023, worth a combined $58M — up 3.9% from $55.8M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of RIGS and 3 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 22 added.
The largest buyer was Cetera Advisor Networks, adding an estimated $4.41M. The largest seller was TAP Consulting, cutting an estimated $3.97M.
- 42 institutional investors held ALPS Strategic Income Fund (RIGS) as of Q1 2023, down from 47 in Q4 2022.
- Funds reported $58M of ALPS Strategic Income Fund stock for Q1 2023, up 3.9% quarter-over-quarter.
- 3 funds opened new ALPS Strategic Income Fund positions in Q1 2023 and 6 closed out, a net change of -3 holders.
- The largest ALPS Strategic Income Fund buyer in Q1 2023 was Cetera Advisor Networks, an estimated $4.41M added.
- The largest ALPS Strategic Income Fund seller in Q1 2023 was TAP Consulting, an estimated $3.97M sold.
Based on aggregated 13F filings for Q1 2023.