Cutwater Select Income Fund
CSI
CSI was delisted on the 28th of December, 2016.
36 hedge funds and large institutions have $38.3M invested in Cutwater Select Income Fund in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 1 closing their positions.
600% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 1
36% more capital invested
Capital invested by funds: $28.2M → $38.3M (+$10.1M)
33% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 9
16% more funds holding
Funds holding: 31 → 36 (+5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$3.86M |
| 2 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$2.69M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.41M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.39M |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$650K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.2M |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$625K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$482K |
| 4 |
Morgan Stanley
New York
|
-$55.3K |
| 5 |
MRCM
M&R Capital Management
Summit,
New Jersey
|
-$49.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WT
26
Whittier Trust
South Pasadena,
California
| $55K | – | – | – |
|
27
US Bancorp
Minneapolis,
Minnesota
| $53K | – | – | – |
|
|
FHA
28
First Horizon Advisors
Memphis,
Tennessee
| $53K | +$53.4K | +3,000 | New |
|
|
PSI
29
Pinnacle Summer Investments
Fairfax,
Virginia
| $32K | +$31.7K | +1,778 | New |
|
|
WCM
30
Windsor Capital Management
Phoenix,
Arizona
| $25K | – | – | – |
|
|
TRCT
31
Tower Research Capital (TRC)
New York
| $16K | +$4.75K | +267 | +42% |
|
|
NES
32
New England Securities
New York
| $14K | – | – | – |
|
33
Bank of Montreal
Toronto,
Ontario, Canada
| $13K | +$12.7K | +714 | New |
|
|
DADC
34
D.A. Davidson & Co
Great Falls,
Montana
| $11K | – | – | – |
|
|
RFA
35
Reilly Financial Advisors
La Mesa,
California
| $5K | +$5.43K | +305 | New |
|
36
Fifth Third Bancorp
Cincinnati,
Ohio
| $1K | +$552 | +31 | New |
|
|
TC
37
TFS Capital
West Chester,
Pennsylvania
| – | -$625K | -34,019 | Closed |
|
CSI Hedge Fund Activity: Q3 2013 in Review
36 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Cutwater Select Income Fund (CSI) for Q3 2013, worth a combined $38.3M — up 36% from $28.2M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new CSI positions and 1 closed out — a net gain of 6 holders — while 12 added to existing stakes and 9 trimmed.
The largest buyer was Wells Fargo, adding an estimated $3.86M. The largest seller was Sit Investment Associates, cutting an estimated $1.2M.
- 36 institutional investors held Cutwater Select Income Fund (CSI) as of Q3 2013, up from 31 in Q2 2013.
- Funds reported $38.3M of Cutwater Select Income Fund stock for Q3 2013, up 36% quarter-over-quarter.
- 7 funds opened new Cutwater Select Income Fund positions in Q3 2013 and 1 closed out, a net change of +6 holders.
- The largest Cutwater Select Income Fund buyer in Q3 2013 was Wells Fargo, an estimated $3.86M added.
- The largest Cutwater Select Income Fund seller in Q3 2013 was Sit Investment Associates, an estimated $1.2M sold.
Based on aggregated 13F filings for Q3 2013.