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XFLT

XAI Floating Rate & Alternative Income Trust
XFLT

21 hedge funds and large institutions have $12.2M invested in XAI Floating Rate & Alternative Income Trust in 2019 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 5 increasing their positions, 5 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 3

31% more funds holding

Funds holding: 16 → 21 (+5)

25% more capital invested

Capital invested by funds: $9.76M → $12.2M (+$2.46M)

0.1% more ownership

Funds ownership: 2.61% → 2.71% (+0.1%)

0% more repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 5

Holders
21
Holders Change
+5
Holders Change %
+31.25%
% of All Funds
0.41%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
5
Reduced
5
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BAM
Belpointe Asset Management
Nevada
+$3.73M
2
RCM
Rivernorth Capital Management
Florida
+$1.71M
3
BSG
Black Swift Group
Colorado
+$318K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$249K
5
WAM
Weiss Asset Management
Massachusetts
+$112K

Top Sellers

1
UBS Group
UBS Group
Switzerland
-$2.26M
2
CHAM
Clear Harbor Asset Management
Connecticut
-$275K
3
First Trust Advisors
First Trust Advisors
Illinois
-$139K
4
Morgan Stanley
Morgan Stanley
New York
-$42.5K
5
BA
Bard Associates
Illinois
-$35.7K
Name Holding Trade Value Shares
Change 		Change in
Stake
BAM
1
Belpointe Asset Management
Nevada
$3.54M +$3.73M +87,413 New
UBS Group
2
UBS Group
Switzerland
$2.63M -$2.26M -53,001 -45%
RCM
3
Rivernorth Capital Management
Florida
$1.62M +$1.71M +39,956 New
BA
4
Bard Associates
Illinois
$1.54M -$35.7K -835 -2%
BRWA
5
B. Riley Wealth Advisors
Florida
$735K +$51.1K +1,196 +7%
WS
6
Wedbush Securities
California
$468K +$67.5K +1,581 +16%
US Bancorp
7
US Bancorp
Minnesota
$405K – – –
BSG
8
Black Swift Group
Colorado
$301K +$318K +7,437 New
First Trust Advisors
9
First Trust Advisors
Illinois
$270K -$139K -3,255 -33%
Susquehanna International Group
10
Susquehanna International Group
Pennsylvania
$236K +$249K +5,823 New
WAM
11
Weiss Asset Management
Massachusetts
$106K +$112K +2,613 New
Commonwealth Equity Services
12
Commonwealth Equity Services
Massachusetts
$92K +$98.2K +2,299 New
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$83K +$17.9K +420 +26%
Stifel Financial
14
Stifel Financial
Missouri
$82K -$513 -12 -0.6%
LTFS
15
Ladenburg Thalmann Financial Services
Florida
$33K +$22.9K +536 +191%
ASN
16
Advisory Services Network
Georgia
$32K +$726 +17 +2%
Bank of America
17
Bank of America
North Carolina
$24K – – –
PMFA
18
Plante Moran Financial Advisors
Michigan
$22K – – –
Morgan Stanley
19
Morgan Stanley
New York
$5K -$42.5K -994 -89%
PAM
20
Panagora Asset Management
Massachusetts
$3K +$2.86K +67 New
TRCT
21
Tower Research Capital (TRC)
New York
$2K +$2.31K +54 New
CHAM
22
Clear Harbor Asset Management
Connecticut
– -$275K -6,144 Closed
CG
23
Cutler Group
California
– -$29K -657 Closed
QCIG
24
Quad-Cities Investment Group
Iowa
– -$21K -480 Closed

XFLT Hedge Fund Activity: Q4 2019 in Review

21 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in XAI Floating Rate & Alternative Income Trust (XFLT) for Q4 2019, worth a combined $12.2M — up 25% from $9.76M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new XFLT positions and 3 closed out — a net gain of 5 holders — while 5 added to existing stakes and 5 trimmed.

The largest buyer was Belpointe Asset Management, opening a new position worth an estimated $3.73M. The largest seller was UBS Group, cutting an estimated $2.26M.

  • 21 institutional investors held XAI Floating Rate & Alternative Income Trust (XFLT) as of Q4 2019, up from 16 in Q3 2019.
  • Funds reported $12.2M of XAI Floating Rate & Alternative Income Trust stock for Q4 2019, up 25% quarter-over-quarter.
  • 8 funds opened new XAI Floating Rate & Alternative Income Trust positions in Q4 2019 and 3 closed out, a net change of +5 holders.
  • The largest XAI Floating Rate & Alternative Income Trust buyer in Q4 2019 was Belpointe Asset Management, an estimated $3.73M added.
  • The largest XAI Floating Rate & Alternative Income Trust seller in Q4 2019 was UBS Group, an estimated $2.26M sold.

Based on aggregated 13F filings for Q4 2019.