We are live on ! Find out more
CAF

Morgan Stanley China A Share Fund
CAF

53 hedge funds and large institutions have $173M invested in Morgan Stanley China A Share Fund in 2016 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 18 increasing their positions, 8 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 8

9% less funds holding

Funds holding: 58 → 53 (-5)

9.4% less ownership

Funds ownership: 55.11% → 45.71% (-9.4%)

14% less capital invested

Capital invested by funds: $200M → $173M (-$27.7M)

36% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 11

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $6K

Holders
53
Holders Change
-5
Holders Change %
-8.62%
% of All Funds
1.41%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.05%
New
7
Increased
18
Reduced
8
Closed
11
Calls
–
Puts
$6K
Net Calls
-$6K
Net Calls Change
-$13K

Top Buyers

1
LJAC
L.J. Altfest & Co
New York
+$5.94M
2
Wells Fargo
Wells Fargo
California
+$1.17M
3
COLIM
City of London Investment Management
United Kingdom
+$618K
4
Geode Capital Management
Geode Capital Management
Massachusetts
+$548K
5
RJA
Raymond James & Associates
Florida
+$547K

Top Sellers

1
CS
Credit Suisse
Switzerland
-$13.4M
2
OMC
Oasis Management Company
Cayman Islands
-$9.3M
3
AAM
Aberdeen Asset Management
United Kingdom
-$6.14M
4
GFM
Gramercy Funds Management
Connecticut
-$4.02M
5
CA
Cornerstone Advisors
North Carolina
-$2.81M
Name Holding Trade Value Shares
Change 		Change in
Stake
Lazard Asset Management
1
Lazard Asset Management
New York
$75.2M -$1.97M -105,525 -3%
Wells Fargo
2
Wells Fargo
California
$25.4M +$1.17M +62,859 +5%
LJAC
3
L.J. Altfest & Co
New York
$12.8M +$5.94M +318,904 +88%
EM
4
EnTrustPermal Management
New York
$12.4M – – –
OAM
5
Oxford Asset Management
United Kingdom
$12.1M – – –
1CP
6
1607 Capital Partners
Virginia
$8.12M +$3.61K +194 +0%
BCI
7
Brinker Capital Investments
Pennsylvania
$3.93M – – –
COLIM
8
City of London Investment Management
United Kingdom
$3.48M +$618K +33,155 +22%
GFM
9
Gramercy Funds Management
Connecticut
$3.14M -$4.02M -215,700 -56%
CA
10
Cornerstone Advisors
North Carolina
$2.68M -$2.81M -150,655 -51%
AMI
11
Amica Mutual Insurance
Rhode Island
$1.4M – – –
APFBOT
12
Amica Pension Fund Board of Trustees
Rhode Island
$947K – – –
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$910K +$62.9K +3,378 +9%
HighTower Advisors
14
HighTower Advisors
Illinois
$854K +$55.9K +3,000 +7%
MWM
15
Mission Wealth Management
California
$826K -$1.93M -103,851 -11%
LPL Financial
16
LPL Financial
California
$803K +$390K +20,936 +94%
DC
17
Davenport & Co
Virginia
$786K +$53.1K +2,850 +7%
MC
18
Matisse Capital
Oregon
$778K -$1.47M -78,865 -65%
GEM
19
Global Endowment Management
North Carolina
$748K – – –
CCP
20
Clough Capital Partners
Massachusetts
$656K – – –
TJHA
21
Thomas J. Herzfeld Advisors
Florida
$600K -$2.02M -108,383 -77%
Bank of America
22
Bank of America
North Carolina
$596K +$40.5K +2,176 +7%
RJA
23
Raymond James & Associates
Florida
$549K +$547K +29,340 New
Geode Capital Management
24
Geode Capital Management
Massachusetts
$549K +$548K +29,401 New
Morgan Stanley
25
Morgan Stanley
New York
$492K +$57.3K +3,074 +13%
1
2 3

CAF Hedge Fund Activity: Q3 2016 in Review

53 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Morgan Stanley China A Share Fund (CAF) for Q3 2016, worth a combined $173M — down 14% from $200M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of CAF and 7 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 18 added.

The largest buyer was L.J. Altfest & Co, adding an estimated $5.94M. The largest seller was Credit Suisse, exiting entirely with an estimated $13.4M sold.

  • 53 institutional investors held Morgan Stanley China A Share Fund (CAF) as of Q3 2016, down from 58 in Q2 2016.
  • Funds reported $173M of Morgan Stanley China A Share Fund stock for Q3 2016, down 14% quarter-over-quarter.
  • 7 funds opened new Morgan Stanley China A Share Fund positions in Q3 2016 and 11 closed out, a net change of -4 holders.
  • The largest Morgan Stanley China A Share Fund buyer in Q3 2016 was L.J. Altfest & Co, an estimated $5.94M added.
  • The largest Morgan Stanley China A Share Fund seller in Q3 2016 was Credit Suisse, an estimated $13.4M sold.

Based on aggregated 13F filings for Q3 2016.