Cutwater Select Income Fund
CSI
CSI was delisted on the 28th of December, 2016.
31 hedge funds and large institutions have $43.6M invested in Cutwater Select Income Fund in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 4 increasing their positions, 10 reducing their positions, and 7 closing their positions.
5% less capital invested
Capital invested by funds: $45.7M → $43.6M (-$2.11M)
9% less funds holding
Funds holding: 34 → 31 (-3)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
60% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
SeaBridge Investment Advisors
Summit,
New Jersey
|
+$382K |
| 2 |
GHAM
Gilman Hill Asset Management
New Canaan,
Connecticut
|
+$231K |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$199K |
| 4 |
NFG
Nations Financial Group
Cedar Rapids,
Iowa
|
+$191K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$110K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.43M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$591K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$370K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$198K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$192K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $31K | – | – | – |
|
|
NFG
27
Next Financial Group
Houston,
Texas
| $25K | – | – | – |
|
|
CTC
28
Central Trust Company
Jefferson City,
Missouri
| $14K | – | – | – |
|
|
AIG
29
American International Group
New York
| $10K | – | – | – |
|
|
BKA
30
Brick & Kyle Associates
Newtown,
Pennsylvania
| $10K | – | – | – |
|
|
RFA
31
Reilly Financial Advisors
La Mesa,
California
| $6K | – | – | – |
|
|
PFBT
32
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| $1K | – | – | – |
|
|
LCM
33
Landscape Capital Management
Englewood,
New Jersey
| – | -$370K | -20,269 | Closed |
|
|
34
HighTower Advisors
Chicago,
Illinois
| – | -$192K | -10,500 | Closed |
|
|
EMA
35
Efficient Market Advisors
San Diego,
California
| – | -$133K | -7,307 | Closed |
|
|
ACS
36
Archford Capital Strategies
Swansea,
Illinois
| – | -$90K | -4,926 | Closed |
|
|
IA
37
IFP Advisors
Tampa,
Florida
| – | -$22K | -1,185 | Closed |
|
|
MFS
38
MSI Financial Services
Springfield,
Massachusetts
| – | -$7K | -400 | Closed |
|
CSI Hedge Fund Activity: Q1 2016 in Review
31 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Cutwater Select Income Fund (CSI) for Q1 2016, worth a combined $43.6M — down 4.6% from $45.7M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of CSI and 5 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 4 added.
The largest buyer was SeaBridge Investment Advisors, opening a new position worth an estimated $382K. The largest seller was Karpus Investment Management, cutting an estimated $3.43M.
- 31 institutional investors held Cutwater Select Income Fund (CSI) as of Q1 2016, down from 34 in Q4 2015.
- Funds reported $43.6M of Cutwater Select Income Fund stock for Q1 2016, down 4.6% quarter-over-quarter.
- 5 funds opened new Cutwater Select Income Fund positions in Q1 2016 and 7 closed out, a net change of -2 holders.
- The largest Cutwater Select Income Fund buyer in Q1 2016 was SeaBridge Investment Advisors, an estimated $382K added.
- The largest Cutwater Select Income Fund seller in Q1 2016 was Karpus Investment Management, an estimated $3.43M sold.
Based on aggregated 13F filings for Q1 2016.