Lazard Global Total Return & Income Fund
LGI
27 hedge funds and large institutions have $33.8M invested in Lazard Global Total Return & Income Fund in 2015 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 6 increasing their positions, 10 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
23% more funds holding
Funds holding: 22 → 27 (+5)
15% more capital invested
Capital invested by funds: $29.5M → $33.8M (+$4.29M)
2.23% more ownership
Funds ownership: 24.37% → 26.6% (+2.2%)
40% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$584K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$539K |
| 3 |
BFM
Boothbay Fund Management
New York
|
+$524K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$517K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$415K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$322K |
| 2 |
Northern Trust
Chicago,
Illinois
|
-$303K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$275K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$134K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$127K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
26
IFP Advisors
Tampa,
Florida
| $24K | +$24.5K | +1,847 | New |
|
27
Citigroup
New York
| $6K | -$11.4K | -862 | -64% |
|
28
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $3K | +$2.69K | +203 | New |
|
|
29
Northern Trust
Chicago,
Illinois
| – | -$303K | -24,208 | Closed |
|
|
TC
30
TFS Capital
West Chester,
Pennsylvania
| – | -$134K | -10,700 | Closed |
|
|
31
Invesco
Atlanta,
Georgia
| – | -$127K | -10,145 | Closed |
|
32
Envestnet Asset Management
Chicago,
Illinois
| – | -$21K | -1,700 | Closed |
|
LGI Hedge Fund Activity: Q4 2015 in Review
27 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Lazard Global Total Return & Income Fund (LGI) for Q4 2015, worth a combined $33.8M — up 15% from $29.5M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new LGI positions and 4 closed out — a net gain of 5 holders — while 6 added to existing stakes and 10 trimmed.
The largest buyer was Cornerstone Advisors, opening a new position worth an estimated $584K. The largest seller was Wells Fargo, cutting an estimated $322K.
- 27 institutional investors held Lazard Global Total Return & Income Fund (LGI) as of Q4 2015, up from 22 in Q3 2015.
- Funds reported $33.8M of Lazard Global Total Return & Income Fund stock for Q4 2015, up 15% quarter-over-quarter.
- 9 funds opened new Lazard Global Total Return & Income Fund positions in Q4 2015 and 4 closed out, a net change of +5 holders.
- The largest Lazard Global Total Return & Income Fund buyer in Q4 2015 was Cornerstone Advisors, an estimated $584K added.
- The largest Lazard Global Total Return & Income Fund seller in Q4 2015 was Wells Fargo, an estimated $322K sold.
Based on aggregated 13F filings for Q4 2015.