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CET

Central Securities Corp
CET

32 hedge funds and large institutions have $53.4M invested in Central Securities Corp in 2013 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 4 increasing their positions, 10 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 2

8% more capital invested

Capital invested by funds: $49.5M → $53.4M (+$3.89M)

3% more funds holding

Funds holding: 31 → 32 (+1)

0.34% less ownership

Funds ownership: 10.02% → 9.68% (-0.34%)

60% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 10

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
32
Holders Change
+1
Holders Change %
+3.23%
% of All Funds
1.04%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.03%
New
3
Increased
4
Reduced
10
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AQR Capital Management
AQR Capital Management
Connecticut
+$2.46M
2
Morgan Stanley
Morgan Stanley
New York
+$1.01M
3
Bank of America
Bank of America
North Carolina
+$324K
4
DT
Diversified Trust
Tennessee
+$197K
5
JC
JBF Capital
Colorado
+$166K

Top Sellers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
-$1.81M
2
SFS
Shaker Financial Services
Virginia
-$1.8M
3
TJHA
Thomas J. Herzfeld Advisors
Florida
-$952K
4
TC
TFS Capital
Pennsylvania
-$410K
5
GFM
Gramercy Funds Management
Connecticut
-$394K
Name Holding Trade Value Shares
Change 		Change in
Stake
RFA
26
Reilly Financial Advisors
California
$53K – – –
TCOV
27
Trust Company of Vermont
Vermont
$47K – – –
FNBT
28
FineMark National Bank & Trust
Florida
$41K – – –
LTFS
29
Ladenburg Thalmann Financial Services
Florida
$22K -$14.5K -640 -40%
U
30
UBS
Switzerland
$17K – – –
MFS
31
MSI Financial Services
Massachusetts
$11K – – –
PSUF
32
People's United Financial
Connecticut
$5K – – –
AIG
33
American International Group
New York
$937 – – –
WAM
34
Wolverine Asset Management
Illinois
– -$1.81M -86,041 Closed
BRWA
35
B. Riley Wealth Advisors
Florida
– -$89K -4,211 Closed
1
2

CET Hedge Fund Activity: Q3 2013 in Review

32 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Central Securities Corp (CET) for Q3 2013, worth a combined $53.4M — up 7.9% from $49.5M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new CET positions and 2 closed out — a net gain of 1 holder — while 4 added to existing stakes and 10 trimmed.

The largest buyer was AQR Capital Management, opening a new position worth an estimated $2.46M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $1.81M sold.

  • 32 institutional investors held Central Securities Corp (CET) as of Q3 2013, up from 31 in Q2 2013.
  • Funds reported $53.4M of Central Securities Corp stock for Q3 2013, up 7.9% quarter-over-quarter.
  • 3 funds opened new Central Securities Corp positions in Q3 2013 and 2 closed out, a net change of +1 holder.
  • The largest Central Securities Corp buyer in Q3 2013 was AQR Capital Management, an estimated $2.46M added.
  • The largest Central Securities Corp seller in Q3 2013 was Wolverine Asset Management, an estimated $1.81M sold.

Based on aggregated 13F filings for Q3 2013.