Lazard Global Total Return & Income Fund
LGI
28 hedge funds and large institutions have $43.1M invested in Lazard Global Total Return & Income Fund in 2016 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 12 reducing their positions, and 5 closing their positions.
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
19% more capital invested
Capital invested by funds: $36.2M → $43.1M (+$6.89M)
4% more funds holding
Funds holding: 27 → 28 (+1)
3.7% more ownership
Funds ownership: 30.23% → 33.93% (+3.7%)
33% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$6.3M |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
+$426K |
| 3 |
WIM
Waverton Investment Management
London,
United Kingdom
|
+$319K |
| 4 |
RTS
Round Table Services
Westfield,
New Jersey
|
+$226K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$152K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.16M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$802K |
| 3 |
IA
IFP Advisors
Tampa,
Florida
|
-$277K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$190K |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$171K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Creative Planning
Overland Park,
Kansas
| $21K | +$20.4K | +1,600 | New |
|
27
Citigroup
New York
| $6K | – | – | – |
|
|
SFG
28
SevenBridge Financial Group
Harrisburg,
Pennsylvania
| $5K | +$4.66K | +365 | New |
|
|
CRC
29
Curi RMB Capital
Chicago,
Illinois
| – | -$190K | -15,256 | Closed |
|
|
TC
30
TFS Capital
West Chester,
Pennsylvania
| – | -$171K | -13,733 | Closed |
|
|
GFM
31
Gramercy Funds Management
Greenwich,
Connecticut
| – | -$163K | -13,100 | Closed |
|
32
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$18K | -1,452 | Closed |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| – | -$5K | -419 | Closed |
|
LGI Hedge Fund Activity: Q2 2016 in Review
28 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Lazard Global Total Return & Income Fund (LGI) for Q2 2016, worth a combined $43.1M — up 19% from $36.2M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new LGI positions and 5 closed out — a net gain of 1 holder — while 8 added to existing stakes and 12 trimmed.
The largest buyer was Bulldog Investors, opening a new position worth an estimated $6.3M. The largest seller was Wolverine Asset Management, cutting an estimated $1.16M.
- 28 institutional investors held Lazard Global Total Return & Income Fund (LGI) as of Q2 2016, up from 27 in Q1 2016.
- Funds reported $43.1M of Lazard Global Total Return & Income Fund stock for Q2 2016, up 19% quarter-over-quarter.
- 6 funds opened new Lazard Global Total Return & Income Fund positions in Q2 2016 and 5 closed out, a net change of +1 holder.
- The largest Lazard Global Total Return & Income Fund buyer in Q2 2016 was Bulldog Investors, an estimated $6.3M added.
- The largest Lazard Global Total Return & Income Fund seller in Q2 2016 was Wolverine Asset Management, an estimated $1.16M sold.
Based on aggregated 13F filings for Q2 2016.