Cutwater Select Income Fund
CSI
CSI was delisted on the 28th of December, 2016.
33 hedge funds and large institutions have $51.3M invested in Cutwater Select Income Fund in 2015 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 11 reducing their positions, and 5 closing their positions.
2% less capital invested
Capital invested by funds: $52.1M → $51.3M (-$789K)
8% less funds holding
Funds holding: 36 → 33 (-3)
36% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 11
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$1M |
| 2 |
LPL Financial
San Diego,
California
|
+$130K |
| 3 |
SI
SII Investments
Appleton,
Wisconsin
|
+$42.4K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$35.8K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$28.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$1.35M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.16M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$519K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$209K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$203K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $12K | +$11.4K | +579 | New |
|
|
AIG
27
American International Group
New York
| $10K | -$3.61K | -184 | -27% |
|
|
BKA
28
Brick & Kyle Associates
Newtown,
Pennsylvania
| $10K | – | – | – |
|
|
SC
29
Searle & Co
Greenwich,
Connecticut
| $9K | – | – | – |
|
|
RFA
30
Reilly Financial Advisors
La Mesa,
California
| $6K | – | – | – |
|
|
TRCT
31
Tower Research Capital (TRC)
New York
| $6K | +$5.73K | +292 | New |
|
32
Barclays
London,
United Kingdom
| $4K | +$2.84K | +145 | +264% |
|
|
DADC
33
D.A. Davidson & Co
Great Falls,
Montana
| $2K | – | – | – |
|
|
FIMG
34
Financial & Investment Management Group
Traverse City,
Michigan
| – | -$1.35M | -69,759 | Closed |
|
|
LCM
35
Landscape Capital Management
Englewood,
New Jersey
| – | -$209K | -10,782 | Closed |
|
|
36
HighTower Advisors
Chicago,
Illinois
| – | -$203K | -10,500 | Closed |
|
|
WT
37
Whittier Trust
South Pasadena,
California
| – | -$60K | -3,100 | Closed |
|
|
NPC
38
National Planning Corporation
El Segundo,
California
| – | -$1.12K | -58 | Closed |
|
CSI Hedge Fund Activity: Q1 2015 in Review
33 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Cutwater Select Income Fund (CSI) for Q1 2015, worth a combined $51.3M — down 1.5% from $52.1M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of CSI and 2 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 7 added.
The largest buyer was Wells Fargo, adding an estimated $1M. The largest seller was Financial & Investment Management Group, exiting entirely with an estimated $1.35M sold.
- 33 institutional investors held Cutwater Select Income Fund (CSI) as of Q1 2015, down from 36 in Q4 2014.
- Funds reported $51.3M of Cutwater Select Income Fund stock for Q1 2015, down 1.5% quarter-over-quarter.
- 2 funds opened new Cutwater Select Income Fund positions in Q1 2015 and 5 closed out, a net change of -3 holders.
- The largest Cutwater Select Income Fund buyer in Q1 2015 was Wells Fargo, an estimated $1M added.
- The largest Cutwater Select Income Fund seller in Q1 2015 was Financial & Investment Management Group, an estimated $1.35M sold.
Based on aggregated 13F filings for Q1 2015.