Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

ALLSPRING MULTI SECTOR INCOM (ERC)

65 + Investors. Track Smart Money conviction in ERC. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +1
Streak
2Q ▲
Buyers last Q
46%

Smart Money Signals — ERC

Based on 65 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added ERC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 94% of 3.0Y peak

94% of all-time peak
65 funds currently hold this stock — 94% of the 3.0-year high of 69 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 4% fewer funds vs a year ago

fund count last 6Q
3 fewer hedge funds hold ERC compared to a year ago (-4% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 46% buying

24 buying28 selling
Last quarter: 28 funds reduced or exited vs 24 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~8 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 6 → 3 → 11 → 8. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 20% medium ■ 17% new
41 out of 65 hedge funds have held ERC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~8 new funds/quarter

11 → 6 → 3 → 11 → 8 new funds/Q
New funds entering each quarter: 6 → 3 → 11 → 8. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 66% of holders stayed 2+ years

■ 66% veterans ■ 8% 1-2yr ■ 26% new
Of 65 current holders: 43 (66%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 35% AUM from major funds

35% from top-100 AUM funds
12 of 65 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — ERC

In 2025 Q4, 24 hedge funds were net buyers of ERC (8 opened a new position, 16 added to an existing one), while 28 reduced or exited (21 trimmed, 7 sold completely) — a 46% buyer ratio, indicating roughly balanced activity. Net buying has persisted for two consecutive quarters, a positive momentum signal. 35% of total institutional value in ERC is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 65.

Hedge Fund Ownership: ERC

How many hedge funds hold ERC — quarterly history vs. share price
Quarterly hedge fund ownership of ERC vs. share price

Market Analysis: ERC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ERC

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

3 top-rated funds 0 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
0.5
/ 10
conviction
Hedge Fund Positioning: ERC
2026 Q1 Stats Unlock in 2 days 65 + Investors

Track Smart Money conviction in ERC. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 65 63 3.17%
13F Shares 10M 9M 1.9%
Total Value $101M $91M 10.94%
New Positions 8 11 -3
Increased Positions 16 23 -7
Closed Positions 6 5 +1
Reduced Positions 21 11 +10
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: ERC

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Institutional Holders (2026 Q1)

65 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in ERC. Verified SEC 13F-HR filings.

QUARTER:
Top 25 institutional holders of ERC — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Shaker Financial Services, LLC 1.17% 368,049 $3.3M
2 Rareview Capital LLC 1.02% 183,467 $1.7M
3 Byrne Asset Management LLC 0.98% 184,930 $1.7M
4 SIT INVESTMENT ASSOCIATES INC 0.52% 2,870,006 $26K
5 Morey & Quinn Wealth Partners, LLC 0.41% 63,431 $572K
6 1607 Capital Partners, LLC 0.34% 525,628 $4.7M
7 Closed-End Fund Advisors, Inc. 0.34% 36,682 $331K
8 Uncommon Cents Investing LLC 0.08% 36,325 $327K
9 IFG Advisory, LLC 0.06% 2,500 $23K
10 Catalina Capital Group, LLC 0.06% 10,929 $98K
11 Sowell Financial Services LLC 0.05% 157,253 $1.4M
12 GUGGENHEIM CAPITAL LLC 0.05% 657,365 $5.9M
13 Advisors Asset Management, Inc. 0.04% 237,759 $2.1M
14 Integris Wealth Management, LLC 0.03% 12,500 $116K
15 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.02% 35,670 $324K
16 Encompass More Asset Management 0.02% 13,866 $125K
17 INDEPENDENT FINANCIAL GROUP, LLC 0.02% 76,600 $690K
18 VSM Wealth Advisory, LLC 0.02% 6,803 $61K
19 Capital Investment Advisors, LLC 0.01% 51,609 $465K
20 AlphaCore Capital LLC 0.01% 30,000 $272K
21 NWAM LLC 0.01% 12,359 $111K
22 FNY Investment Advisers, LLC 0.01% 1,600 —
23 BENJAMIN EDWARDS INC 0.01% 66,251 $597K
24 Independent Advisor Alliance 0.01% 52,100 $469K
25 Equitable Holdings, Inc. 0.00% 59,813 $556K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — ALLSPRING MULTI SECTOR INCOM (ERC)

What does the Smart Money Trend signal show for ERC?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added ERC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for ERC?

More sellers than buyers — 46% buying: Last quarter: 28 funds reduced or exited vs 24 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for ERC holders?

Strong quality — 35% AUM from major funds: 12 of 65 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held ERC?

63% of holders stayed for 2+ years: 41 out of 65 hedge funds have held ERC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.