Lazard Global Total Return & Income Fund
LGI
23 hedge funds and large institutions have $53.3M invested in Lazard Global Total Return & Income Fund in 2017 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 10 reducing their positions, and 10 closing their positions.
9% more capital invested
Capital invested by funds: $49M → $53.3M (+$4.3M)
0.16% less ownership
Funds ownership: 37.12% → 36.96% (-0.16%)
23% less funds holding
Funds holding: 30 → 23 (-7)
50% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 10
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$956K |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$376K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$346K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$295K |
| 5 |
LPL Financial
San Diego,
California
|
+$259K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.06M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$299K |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$281K |
| 4 |
ACP
Aviance Capital Partners
Naples,
Florida
|
-$192K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$185K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LCM
26
Laurion Capital Management
New York
| – | -$168K | -12,191 | Closed |
|
|
VKH
27
Virtu KCG Holdings
New York
| – | -$149K | -10,857 | Closed |
|
28
Creative Planning
Overland Park,
Kansas
| – | -$22K | -1,600 | Closed |
|
29
SEI Investments
Oaks,
Pennsylvania
| – | -$18K | -1,300 | Closed |
|
30
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$8K | -606 | Closed |
|
31
Citigroup
New York
| – | -$7K | -491 | Closed |
|
|
AA
32
Ancora Advisors
Cleveland,
Ohio
| – | -$3K | -233 | Closed |
|
|
NFG
33
Next Financial Group
Houston,
Texas
| – | -$2K | -167 | Closed |
|
LGI Hedge Fund Activity: Q1 2017 in Review
23 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Lazard Global Total Return & Income Fund (LGI) for Q1 2017, worth a combined $53.3M — up 8.8% from $49M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of LGI and 4 opened new positions — a net loss of 6 holders — while 10 trimmed existing stakes and 5 added.
The largest buyer was Shaker Financial Services, adding an estimated $956K. The largest seller was Rivernorth Capital Management, cutting an estimated $1.06M.
- 23 institutional investors held Lazard Global Total Return & Income Fund (LGI) as of Q1 2017, down from 30 in Q4 2016.
- Funds reported $53.3M of Lazard Global Total Return & Income Fund stock for Q1 2017, up 8.8% quarter-over-quarter.
- 4 funds opened new Lazard Global Total Return & Income Fund positions in Q1 2017 and 10 closed out, a net change of -6 holders.
- The largest Lazard Global Total Return & Income Fund buyer in Q1 2017 was Shaker Financial Services, an estimated $956K added.
- The largest Lazard Global Total Return & Income Fund seller in Q1 2017 was Rivernorth Capital Management, an estimated $1.06M sold.
Based on aggregated 13F filings for Q1 2017.