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CAF

Morgan Stanley China A Share Fund
CAF

44 hedge funds and large institutions have $155M invested in Morgan Stanley China A Share Fund in 2013 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 7 increasing their positions, 21 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more capital invested

Capital invested by funds: $131M → $155M (+$24M)

13% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 8

2.66% more ownership

Funds ownership: 27.08% → 29.74% (+2.7%)

2% more funds holding

Funds holding: 43 → 44 (+1)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

67% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 21

Holders
44
Holders Change
+1
Holders Change %
+2.33%
% of All Funds
1.28%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
9
Increased
7
Reduced
21
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
DC
Davenport & Co
Virginia
+$13.8M
2
SG Americas Securities
SG Americas Securities
New York
+$2.26M
3
GPC
Glacier Peak Capital
Washington
+$2.03M
4
PRC
Platte River Capital
Colorado
+$1.23M
5
Lazard Asset Management
Lazard Asset Management
New York
+$500K

Top Sellers

1
BCMU
BlueCrest Capital Management (UK)
Guernsey
-$4.53M
2
Bank of America
Bank of America
North Carolina
-$1.41M
3
EM
EnTrustPermal Management
New York
-$813K
4
TMC
Trellus Management Company
Florida
-$731K
5
WAM
Wolverine Asset Management
Illinois
-$642K
Name Holding Trade Value Shares
Change 		Change in
Stake
AG
26
Ashmore Group
United Kingdom
$440K – – –
1CP
27
1607 Capital Partners
Virginia
$432K -$233K -10,000 -36%
HSBC Holdings
28
HSBC Holdings
United Kingdom
$380K -$233K -10,000 -39%
Bank of New York Mellon
29
Bank of New York Mellon
New York
$378K -$148K -6,347 -29%
RCAG
30
Rehmann Capital Advisory Group
Michigan
$360K -$4.97K -213 -1%
PPA
31
Parametric Portfolio Associates
Washington
$340K -$14.7K -630 -4%
Wells Fargo
32
Wells Fargo
California
$211K +$15.2K +650 +8%
RA
33
Royce & Associates
New York
$143K – – –
WAM
34
Wolverine Asset Management
Illinois
$77K -$642K -27,514 -89%
AIG
35
American International Group
New York
$69K – – –
DADC
36
D.A. Davidson & Co
Montana
$42K +$42K +1,800 New
Deutsche Bank
37
Deutsche Bank
Germany
$35K -$35K -1,500 -50%
EWM
38
Elite Wealth Management
Washington
$28K -$6.16K -264 -18%
Citigroup
39
Citigroup
New York
$24K -$23.3K -1,000 -50%
Creative Planning
40
Creative Planning
Kansas
$12K -$11.7K -500 -50%
SA
41
SRH Advisors
Kansas
$8K +$7.93K +340 New
MFS
42
MSI Financial Services
Massachusetts
$7K – – –
PNC Financial Services Group
43
PNC Financial Services Group
Pennsylvania
$2K – – –
TRCT
44
Tower Research Capital (TRC)
New York
$2K +$1.91K +82 New
TMC
45
Trellus Management Company
Florida
– -$731K -33,080 Closed
CA
46
Commerzbank Aktiengesellschaft
Germany
– -$578K -26,171 Closed
Verition Fund Management
47
Verition Fund Management
Connecticut
– -$398K -18,005 Closed
TC
48
TFS Capital
Pennsylvania
– -$395K -17,865 Closed
CA
49
Cornerstone Advisors
North Carolina
– -$371K -16,800 Closed
Susquehanna International Group
50
Susquehanna International Group
Pennsylvania
– -$312K -14,100 Closed
1
2
3

CAF Hedge Fund Activity: Q4 2013 in Review

44 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Morgan Stanley China A Share Fund (CAF) for Q4 2013, worth a combined $155M — up 18% from $131M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new CAF positions and 8 closed out — a net gain of 1 holder — while 7 added to existing stakes and 21 trimmed.

The largest buyer was Davenport & Co, adding an estimated $13.8M. The largest seller was BlueCrest Capital Management (UK), cutting an estimated $4.53M.

  • 44 institutional investors held Morgan Stanley China A Share Fund (CAF) as of Q4 2013, up from 43 in Q3 2013.
  • Funds reported $155M of Morgan Stanley China A Share Fund stock for Q4 2013, up 18% quarter-over-quarter.
  • 9 funds opened new Morgan Stanley China A Share Fund positions in Q4 2013 and 8 closed out, a net change of +1 holder.
  • The largest Morgan Stanley China A Share Fund buyer in Q4 2013 was Davenport & Co, an estimated $13.8M added.
  • The largest Morgan Stanley China A Share Fund seller in Q4 2013 was BlueCrest Capital Management (UK), an estimated $4.53M sold.

Based on aggregated 13F filings for Q4 2013.