Lazard Global Total Return & Income Fund
LGI
30 hedge funds and large institutions have $49M invested in Lazard Global Total Return & Income Fund in 2016 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 10 increasing their positions, 7 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
43% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 7
20% more funds holding
Funds holding: 25 → 30 (+5)
0.84% more ownership
Funds ownership: 36.29% → 37.12% (+0.84%)
0% more capital invested
Capital invested by funds: $48.9M → $49M (+$134K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.14M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.3M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$757K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$630K |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$298K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$3.12M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.73M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$968K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$878K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$558K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $7K | – | – | – |
|
|
SFG
27
SevenBridge Financial Group
Harrisburg,
Pennsylvania
| $5K | +$4.99K | +365 | New |
|
|
AA
28
Ancora Advisors
Cleveland,
Ohio
| $3K | +$3.19K | +233 | New |
|
|
NFG
29
Next Financial Group
Houston,
Texas
| $2K | – | – | – |
|
|
KIM
30
Karpus Investment Management
Pittsford,
New York
| – | -$2.73M | -195,649 | Closed |
|
|
CA
31
Cornerstone Advisors
Asheville,
North Carolina
| – | -$558K | -39,951 | Closed |
|
|
MC
32
Matisse Capital
Portland,
Oregon
| – | -$183K | -13,100 | Closed |
|
33
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$76K | -5,418 | Closed |
|
|
MFS
34
MSI Financial Services
Springfield,
Massachusetts
| – | +$273 | +20 | New |
|
LGI Hedge Fund Activity: Q4 2016 in Review
30 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Lazard Global Total Return & Income Fund (LGI) for Q4 2016, worth a combined $49M — up 0.27% from $48.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new LGI positions and 4 closed out — a net gain of 5 holders — while 10 added to existing stakes and 7 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $6.14M. The largest seller was 1607 Capital Partners, cutting an estimated $3.12M.
- 30 institutional investors held Lazard Global Total Return & Income Fund (LGI) as of Q4 2016, up from 25 in Q3 2016.
- Funds reported $49M of Lazard Global Total Return & Income Fund stock for Q4 2016, up 0.27% quarter-over-quarter.
- 9 funds opened new Lazard Global Total Return & Income Fund positions in Q4 2016 and 4 closed out, a net change of +5 holders.
- The largest Lazard Global Total Return & Income Fund buyer in Q4 2016 was Rivernorth Capital Management, an estimated $6.14M added.
- The largest Lazard Global Total Return & Income Fund seller in Q4 2016 was 1607 Capital Partners, an estimated $3.12M sold.
Based on aggregated 13F filings for Q4 2016.