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CET

Central Securities Corp

40 hedge funds and large institutions have $60.5M invested in Central Securities Corp in 2015 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 14 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

0.79% less ownership

Funds ownership: 11.53%10.74% (-0.79%)

5% less funds holding

Funds holding: 4240 (-2)

5% less capital invested

Capital invested by funds: $63.9M → $60.5M (-$3.37M)

25% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 8

50% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 14

Holders
40
Holders Change
-2
Holders Change %
-4.76%
% of All Funds
1.07%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.05%
New
6
Increased
7
Reduced
14
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
GFM
1
Gramercy Funds Management
Connecticut
$12M +$26K +1,200 +0.2%
Morgan Stanley
2
Morgan Stanley
New York
$10.5M -$221K -10,204 -2%
BI
3
Bulldog Investors
New Jersey
$7.34M -$407K -18,758 -5%
RJA
4
Raymond James & Associates
Florida
$6.25M +$790K +36,386 +15%
Geode Capital Management
5
Geode Capital Management
Massachusetts
$2.95M
1CP
6
1607 Capital Partners
Virginia
$2.63M -$143K -6,600 -5%
COLIM
7
City of London Investment Management
United Kingdom
$2.56M -$475K -21,881 -16%
SFS
8
Shaker Financial Services
Virginia
$1.93M -$153K -7,045 -7%
RCM
9
Rivernorth Capital Management
Florida
$1.75M
AA
10
AQR Arbitrage
Connecticut
$1.74M +$1.73M +79,870 New
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$1.42M -$91.1K -4,199 -6%
Bank of America
12
Bank of America
North Carolina
$977K +$10.5K +485 +1%
GC
13
Guggenheim Capital
Illinois
$920K -$19.2K -885 -2%
TJHA
14
Thomas J. Herzfeld Advisors
Florida
$845K +$86.8K +4,000 +12%
SCA
15
Sippican Capital Advisors
Massachusetts
$783K
B
16
Baird
Wisconsin
$740K +$243K +11,200 +49%
CL
17
CSS LLC
Illinois
$658K
CWM
18
Concert Wealth Management
California
$643K +$17.4K +801 +3%
Bank of Montreal
19
Bank of Montreal
Ontario, Canada
$498K -$15.6K -720 -3%
SI
20
SII Investments
Wisconsin
$344K
Luther King Capital Management (LKCM)
21
Luther King Capital Management (LKCM)
Texas
$338K -$22 -1 -0%
HI
22
Hendershot Investments
Virginia
$328K +$326K +15,042 New
First Manhattan
23
First Manhattan
New York
$311K
SWP
24
Stratos Wealth Partners
Ohio
$294K +$293K +13,482 New
TC
25
TFS Capital
Pennsylvania
$291K +$290K +13,363 New

CET Hedge Fund Activity: Q1 2015 in Review

40 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Central Securities Corp (CET) for Q1 2015, worth a combined $60.5M — down 5.3% from $63.9M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of CET and 6 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 7 added.

The largest buyer was Raymond James & Associates, adding an estimated $790K. The largest seller was AQR Capital Management, exiting entirely with an estimated $1.94M sold.

  • 40 institutional investors held Central Securities Corp (CET) as of Q1 2015, down from 42 in Q4 2014.
  • Funds reported $60.5M of Central Securities Corp stock for Q1 2015, down 5.3% quarter-over-quarter.
  • 6 funds opened new Central Securities Corp positions in Q1 2015 and 8 closed out, a net change of -2 holders.
  • The largest Central Securities Corp buyer in Q1 2015 was Raymond James & Associates, an estimated $790K added.
  • The largest Central Securities Corp seller in Q1 2015 was AQR Capital Management, an estimated $1.94M sold.

Based on aggregated 13F filings for Q1 2015.