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XFLT

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
24
Holders Change
+3
Holders Change %
+14.29%
% of All Funds
0.53%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
5
Reduced
8
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
MC
Matisse Capital
Oregon
+$1M
2
CCP
Clough Capital Partners
Massachusetts
+$542K
3
LCM
Landscape Capital Management
New Jersey
+$378K
4
SFS
Shaker Financial Services
Virginia
+$194K
5
Goldman Sachs
Goldman Sachs
New York
+$167K

Top Sellers

1
RCM
Rivernorth Capital Management
Florida
-$1.62M
2
BAM
Belpointe Asset Management
Nevada
-$475K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$236K
4
WAM
Weiss Asset Management
Massachusetts
-$106K
5
Stifel Financial
Stifel Financial
Missouri
-$82K
Name Holding Trade Value Shares
Change 		Change in
Stake
BAM
1
Belpointe Asset Management
Nevada
$1.67M -$475K -12,921 -15%
UBS Group
2
UBS Group
Switzerland
$1.47M +$11.4K +310 +0.5%
BA
3
Bard Associates
Illinois
$856K +$919 +25 +0.1%
MC
4
Matisse Capital
Oregon
$612K +$1M +27,237 New
BRWA
5
B. Riley Wealth Advisors
Florida
$418K +$16.1K +437 +2%
CCP
6
Clough Capital Partners
Massachusetts
$331K +$542K +14,747 New
WS
7
Wedbush Securities
California
$235K -$40.9K -1,114 -10%
LCM
8
Landscape Capital Management
New Jersey
$231K +$378K +10,295 New
US Bancorp
9
US Bancorp
Minnesota
$225K – – –
BSG
10
Black Swift Group
Colorado
$162K -$7.79K -212 -3%
First Trust Advisors
11
First Trust Advisors
Illinois
$147K -$4.26K -116 -2%
SFS
12
Shaker Financial Services
Virginia
$119K +$194K +5,281 New
Goldman Sachs
13
Goldman Sachs
New York
$102K +$167K +4,541 New
Commonwealth Equity Services
14
Commonwealth Equity Services
Massachusetts
$48K -$4.52K -123 -5%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$23K -$38K -1,033 -50%
ASN
16
Advisory Services Network
Georgia
$16K -$3.93K -107 -13%
Morgan Stanley
17
Morgan Stanley
New York
$15K +$19.9K +541 +433%
Bank of America
18
Bank of America
North Carolina
$13K – – –
Osaic Holdings
19
Osaic Holdings
Arizona
$13K +$19.9K +541 New
CAN
20
Claraphi Advisory Network
United States
$12K +$20.4K +555 New
LC
21
Lindbrook Capital
California
$8K +$12.5K +340 New
FWM
22
Focused Wealth Management
New York
$4K +$7.35K +200 New
PAM
23
Panagora Asset Management
Massachusetts
$3K +$1.91K +52 +78%
TRCT
24
Tower Research Capital (TRC)
New York
$1K -$514 -14 -26%
RCM
25
Rivernorth Capital Management
Florida
– -$1.62M -39,956 Closed
1
2

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.