Central Securities Corp
45 hedge funds and large institutions have $65M invested in Central Securities Corp in 2017 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 7 closing their positions.
7% more capital invested
Capital invested by funds: $60.7M → $65M (+$4.22M)
0% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 13
1.07% less ownership
Funds ownership: 11.99% → 10.92% (-1.1%)
4% less funds holding
Funds holding: 47 → 45 (-2)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.91M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$1.25M |
| 3 |
JC
JBF Capital
Aspen,
Colorado
|
+$574K |
| 4 |
Morgan Stanley
New York
|
+$374K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$326K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$5.18M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.11M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$775K |
| 4 |
Citigroup
New York
|
-$703K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$482K |
CET Hedge Fund Activity: Q1 2017 in Review
45 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Central Securities Corp (CET) for Q1 2017, worth a combined $65M — up 7% from $60.7M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of CET and 6 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 13 added.
The largest buyer was 1607 Capital Partners, adding an estimated $1.91M. The largest seller was Gramercy Funds Management, exiting entirely with an estimated $5.18M sold.
- 45 institutional investors held Central Securities Corp (CET) as of Q1 2017, down from 47 in Q4 2016.
- Funds reported $65M of Central Securities Corp stock for Q1 2017, up 7% quarter-over-quarter.
- 6 funds opened new Central Securities Corp positions in Q1 2017 and 7 closed out, a net change of -1 holder.
- The largest Central Securities Corp buyer in Q1 2017 was 1607 Capital Partners, an estimated $1.91M added.
- The largest Central Securities Corp seller in Q1 2017 was Gramercy Funds Management, an estimated $5.18M sold.
Based on aggregated 13F filings for Q1 2017.