Cutwater Select Income Fund
CSI
CSI was delisted on the 28th of December, 2016.
33 hedge funds and large institutions have $59.4M invested in Cutwater Select Income Fund in 2014 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 16 reducing their positions, and 7 closing their positions.
32% more capital invested
Capital invested by funds: $45.1M → $59.4M (+$14.3M)
11% less funds holding
Funds holding: 37 → 33 (-4)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
63% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.76M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.45M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.23M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$289K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$196K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$812K |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$728K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$669K |
| 4 |
Barclays
London,
United Kingdom
|
-$366K |
| 5 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$361K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
26
Ladenburg Thalmann Financial Services
Miami,
Florida
| $47K | -$32.3K | -1,731 | -41% |
|
27
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $38K | – | – | – |
|
|
PSI
28
Pinnacle Summer Investments
Fairfax,
Virginia
| $35K | – | – | – |
|
|
AIG
29
American International Group
New York
| $13.3K | -$179K | -9,593 | -93% |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| $10K | -$5.59K | -300 | -38% |
|
|
RFA
31
Reilly Financial Advisors
La Mesa,
California
| $6K | – | – | – |
|
|
NES
32
New England Securities
New York
| $4K | – | – | – |
|
|
DADC
33
D.A. Davidson & Co
Great Falls,
Montana
| $2K | -$9.32K | -500 | -79% |
|
|
34
AQR Capital Management
Greenwich,
Connecticut
| – | -$728K | -39,766 | Closed |
|
|
35
Barclays
London,
United Kingdom
| – | -$366K | -20,323 | Closed |
|
|
AA
36
Ancora Advisors
Cleveland,
Ohio
| – | -$361K | -19,700 | Closed |
|
37
SG Americas Securities
New York
| – | -$172K | -9,371 | Closed |
|
|
WCM
38
Windsor Capital Management
Phoenix,
Arizona
| – | -$26K | -1,397 | Closed |
|
|
BFEC
39
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$3K | -183 | Closed |
|
CSI Hedge Fund Activity: Q1 2014 in Review
33 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Cutwater Select Income Fund (CSI) for Q1 2014, worth a combined $59.4M — up 32% from $45.1M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of CSI and 3 opened new positions — a net loss of 4 holders — while 16 trimmed existing stakes and 6 added.
The largest buyer was Karpus Investment Management, adding an estimated $7.76M. The largest seller was Saba Capital Management, cutting an estimated $812K.
- 33 institutional investors held Cutwater Select Income Fund (CSI) as of Q1 2014, down from 37 in Q4 2013.
- Funds reported $59.4M of Cutwater Select Income Fund stock for Q1 2014, up 32% quarter-over-quarter.
- 3 funds opened new Cutwater Select Income Fund positions in Q1 2014 and 7 closed out, a net change of -4 holders.
- The largest Cutwater Select Income Fund buyer in Q1 2014 was Karpus Investment Management, an estimated $7.76M added.
- The largest Cutwater Select Income Fund seller in Q1 2014 was Saba Capital Management, an estimated $812K sold.
Based on aggregated 13F filings for Q1 2014.