Cutwater Select Income Fund
CSI
CSI was delisted on the 28th of December, 2016.
36 hedge funds and large institutions have $52.1M invested in Cutwater Select Income Fund in 2014 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
13% more funds holding
Funds holding: 32 → 36 (+4)
0% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 8
12% less capital invested
Capital invested by funds: $58.9M → $52.1M (-$6.82M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$373K |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$244K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$211K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$139K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$83.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.3M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.56M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.39M |
| 4 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$775K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$349K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
US Bancorp
Minneapolis,
Minnesota
| $58K | – | – | – |
|
|
LTFS
27
Ladenburg Thalmann Financial Services
Miami,
Florida
| $50K | – | – | – |
|
|
SIA
28
Stancorp Investment Advisers
Portland,
Oregon
| $48K | +$49K | +2,502 | New |
|
|
NFG
29
Next Financial Group
Houston,
Texas
| $25K | -$52.8K | -2,696 | -67% |
|
|
AIG
30
American International Group
New York
| $13.2K | – | – | – |
|
|
BKA
31
Brick & Kyle Associates
Newtown,
Pennsylvania
| $10K | +$9.78K | +500 | New |
|
|
SC
32
Searle & Co
Greenwich,
Connecticut
| $9K | +$9.31K | +476 | New |
|
|
RFA
33
Reilly Financial Advisors
La Mesa,
California
| $6K | – | – | – |
|
|
DADC
34
D.A. Davidson & Co
Great Falls,
Montana
| $2K | – | – | – |
|
|
NPC
35
National Planning Corporation
El Segundo,
California
| $1.12K | +$1.14K | +58 | New |
|
36
Barclays
London,
United Kingdom
| $1K | +$1.08K | +55 | New |
|
|
37
AQR Capital Management
Greenwich,
Connecticut
| – | -$349K | -17,693 | Closed |
|
|
PPA
38
Parametric Portfolio Associates
Seattle,
Washington
| – | -$238K | -12,071 | Closed |
|
|
TRCT
39
Tower Research Capital (TRC)
New York
| – | -$25K | -1,243 | Closed |
|
CSI Hedge Fund Activity: Q4 2014 in Review
36 of the 3,751 institutional investors tracked by Wall St. Rank reported a position in Cutwater Select Income Fund (CSI) for Q4 2014, worth a combined $52.1M — down 12% from $58.9M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new CSI positions and 3 closed out — a net gain of 5 holders — while 8 added to existing stakes and 8 trimmed.
The largest buyer was Relative Value Partners, opening a new position worth an estimated $373K. The largest seller was 1607 Capital Partners, cutting an estimated $2.3M.
- 36 institutional investors held Cutwater Select Income Fund (CSI) as of Q4 2014, up from 32 in Q3 2014.
- Funds reported $52.1M of Cutwater Select Income Fund stock for Q4 2014, down 12% quarter-over-quarter.
- 8 funds opened new Cutwater Select Income Fund positions in Q4 2014 and 3 closed out, a net change of +5 holders.
- The largest Cutwater Select Income Fund buyer in Q4 2014 was Relative Value Partners, an estimated $373K added.
- The largest Cutwater Select Income Fund seller in Q4 2014 was 1607 Capital Partners, an estimated $2.3M sold.
Based on aggregated 13F filings for Q4 2014.