XAI Floating Rate & Alternative Income Trust
XFLT
24 hedge funds and large institutions have $6.73M invested in XAI Floating Rate & Alternative Income Trust in 2020 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 5 closing their positions.
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
14% more funds holding
Funds holding: 21 → 24 (+3)
0.08% less ownership
Funds ownership: 2.71% → 2.63% (-0.08%)
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
45% less capital invested
Capital invested by funds: $12.2M → $6.73M (-$5.49M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
+$1M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$542K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$378K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$194K |
| 5 |
Goldman Sachs
New York
|
+$167K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.62M |
| 2 |
BAM
Belpointe Asset Management
Reno,
Nevada
|
-$475K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$236K |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$106K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$82K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$236K | -5,823 | Closed |
|
|
WAM
27
Weiss Asset Management
Boston,
Massachusetts
| – | -$106K | -2,613 | Closed |
|
|
28
Stifel Financial
St. Louis,
Missouri
| – | -$82K | -2,028 | Closed |
|
|
PMFA
29
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$22K | -534 | Closed |
|
XFLT Hedge Fund Activity: Q1 2020 in Review
24 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in XAI Floating Rate & Alternative Income Trust (XFLT) for Q1 2020, worth a combined $6.73M — down 45% from $12.2M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new XFLT positions and 5 closed out — a net gain of 4 holders — while 5 added to existing stakes and 8 trimmed.
The largest buyer was Matisse Capital, opening a new position worth an estimated $1M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $1.62M sold.
- 24 institutional investors held XAI Floating Rate & Alternative Income Trust (XFLT) as of Q1 2020, up from 21 in Q4 2019.
- Funds reported $6.73M of XAI Floating Rate & Alternative Income Trust stock for Q1 2020, down 45% quarter-over-quarter.
- 9 funds opened new XAI Floating Rate & Alternative Income Trust positions in Q1 2020 and 5 closed out, a net change of +4 holders.
- The largest XAI Floating Rate & Alternative Income Trust buyer in Q1 2020 was Matisse Capital, an estimated $1M added.
- The largest XAI Floating Rate & Alternative Income Trust seller in Q1 2020 was Rivernorth Capital Management, an estimated $1.62M sold.
Based on aggregated 13F filings for Q1 2020.