Central Securities Corp
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$2.46M |
| 2 |
Morgan Stanley
New York
|
+$1.01M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$324K |
| 4 |
DT
Diversified Trust
Memphis,
Tennessee
|
+$197K |
| 5 |
JC
JBF Capital
Aspen,
Colorado
|
+$166K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.81M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.8M |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$952K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$410K |
| 5 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$394K |
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.