Cutwater Select Income Fund
CSI
CSI was delisted on the 28th of December, 2016.
34 hedge funds and large institutions have $36.5M invested in Cutwater Select Income Fund in 2016 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 6 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
117% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 6
10% more funds holding
Funds holding: 31 → 34 (+3)
16% less capital invested
Capital invested by funds: $43.6M → $36.5M (-$7.17M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$335K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$300K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$297K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$201K |
| 5 |
NFG
Nations Financial Group
Cedar Rapids,
Iowa
|
+$187K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$4.42M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.93M |
| 3 |
LPL Financial
San Diego,
California
|
-$924K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$895K |
| 5 |
GHAM
Gilman Hill Asset Management
New Canaan,
Connecticut
|
-$36.3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FHA
26
First Horizon Advisors
Memphis,
Tennessee
| $59K | – | – | – |
|
27
US Bancorp
Minneapolis,
Minnesota
| $59K | – | – | – |
|
|
IA
28
IFP Advisors
Tampa,
Florida
| $28K | +$27.2K | +1,408 | New |
|
|
NFG
29
Next Financial Group
Houston,
Texas
| $25K | – | – | – |
|
|
CTC
30
Central Trust Company
Jefferson City,
Missouri
| $15K | – | – | – |
|
|
BKA
31
Brick & Kyle Associates
Newtown,
Pennsylvania
| $10K | – | – | – |
|
|
AG
32
Advisor Group
Phoenix,
Arizona
| $9K | +$9.67K | +500 | New |
|
|
RFA
33
Reilly Financial Advisors
La Mesa,
California
| $6K | – | – | – |
|
|
PFBT
34
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| $1K | – | – | – |
|
|
SCM
35
Southport Capital Management
Chattanooga,
Tennessee
| $1K | +$967 | +50 | New |
|
|
KIM
36
Karpus Investment Management
Pittsford,
New York
| – | -$3.93M | -205,179 | Closed |
|
|
AIG
37
American International Group
New York
| – | -$10K | -500 | Closed |
|
CSI Hedge Fund Activity: Q2 2016 in Review
34 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Cutwater Select Income Fund (CSI) for Q2 2016, worth a combined $36.5M — down 16% from $43.6M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new CSI positions and 2 closed out — a net gain of 3 holders — while 13 added to existing stakes and 6 trimmed.
The largest buyer was Curi RMB Capital, opening a new position worth an estimated $335K. The largest seller was 1607 Capital Partners, cutting an estimated $4.42M.
- 34 institutional investors held Cutwater Select Income Fund (CSI) as of Q2 2016, up from 31 in Q1 2016.
- Funds reported $36.5M of Cutwater Select Income Fund stock for Q2 2016, down 16% quarter-over-quarter.
- 5 funds opened new Cutwater Select Income Fund positions in Q2 2016 and 2 closed out, a net change of +3 holders.
- The largest Cutwater Select Income Fund buyer in Q2 2016 was Curi RMB Capital, an estimated $335K added.
- The largest Cutwater Select Income Fund seller in Q2 2016 was 1607 Capital Partners, an estimated $4.42M sold.
Based on aggregated 13F filings for Q2 2016.