Cutwater Select Income Fund
CSI
CSI was delisted on the 28th of December, 2016.
32 hedge funds and large institutions have $58.9M invested in Cutwater Select Income Fund in 2014 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 8 increasing their positions, 11 reducing their positions, and 2 closing their positions.
3% less capital invested
Capital invested by funds: $61M → $58.9M (-$2.06M)
3% less funds holding
Funds holding: 33 → 32 (-1)
27% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 11
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$807K |
| 2 |
PSI
Pinnacle Summer Investments
Fairfax,
Virginia
|
+$339K |
| 3 |
LPL Financial
San Diego,
California
|
+$78.3K |
| 4 |
Morgan Stanley
New York
|
+$67.1K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$62.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$832K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$569K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$290K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$225K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$122K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FHA
26
First Horizon Advisors
Memphis,
Tennessee
| $59K | – | – | – |
|
27
US Bancorp
Minneapolis,
Minnesota
| $59K | – | – | – |
|
|
LTFS
28
Ladenburg Thalmann Financial Services
Miami,
Florida
| $49K | – | – | – |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| $25K | -$26.8K | -1,366 | -52% |
|
|
AIG
30
American International Group
New York
| $13.5K | – | – | – |
|
|
RFA
31
Reilly Financial Advisors
La Mesa,
California
| $6K | – | – | – |
|
|
DADC
32
D.A. Davidson & Co
Great Falls,
Montana
| $2K | – | – | – |
|
33
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$40K | -2,000 | Closed |
|
|
GSC
34
Ground Swell Capital
Folly Beach,
South Carolina
| – | -$4K | -200 | Closed |
|
CSI Hedge Fund Activity: Q3 2014 in Review
32 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in Cutwater Select Income Fund (CSI) for Q3 2014, worth a combined $58.9M — down 3.4% from $61M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of CSI and 1 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 8 added.
The largest buyer was 1607 Capital Partners, adding an estimated $807K. The largest seller was Wells Fargo, cutting an estimated $832K.
- 32 institutional investors held Cutwater Select Income Fund (CSI) as of Q3 2014, down from 33 in Q2 2014.
- Funds reported $58.9M of Cutwater Select Income Fund stock for Q3 2014, down 3.4% quarter-over-quarter.
- 1 fund opened new Cutwater Select Income Fund positions in Q3 2014 and 2 closed out, a net change of -1 holder.
- The largest Cutwater Select Income Fund buyer in Q3 2014 was 1607 Capital Partners, an estimated $807K added.
- The largest Cutwater Select Income Fund seller in Q3 2014 was Wells Fargo, an estimated $832K sold.
Based on aggregated 13F filings for Q3 2014.