Lazard Global Total Return & Income Fund
LGI
32 hedge funds and large institutions have $49.8M invested in Lazard Global Total Return & Income Fund in 2018 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
14% more funds holding
Funds holding: 28 → 32 (+4)
1.77% less ownership
Funds ownership: 30.77% → 29% (-1.8%)
7% less capital invested
Capital invested by funds: $53.2M → $49.8M (-$3.47M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.55M |
| 2 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$983K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$756K |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$719K |
| 5 |
TWM
Titus Wealth Management
Larskpur,
California
|
+$478K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$5.44M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.64M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.34M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.21M |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.06M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
26
Ladenburg Thalmann Financial Services
Miami,
Florida
| $136K | +$141K | +7,600 | New |
|
27
Bank of America
Charlotte,
North Carolina
| $127K | +$61.3K | +3,297 | +86% |
|
28
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $24K | +$24.9K | +1,339 | New |
|
|
AG
29
Advisor Group
Phoenix,
Arizona
| $23K | +$9.3K | +500 | +63% |
|
|
APA
30
American Portfolios Advisors
Holbrook,
New York
| $21.1K | – | – | – |
|
|
SPIA
31
Steward Partners Investment Advisory
New York
| $18K | – | – | – |
|
|
SFG
32
SevenBridge Financial Group
Harrisburg,
Pennsylvania
| $7K | – | – | – |
|
|
CA
33
Cornerstone Advisors
Asheville,
North Carolina
| – | -$1.06M | -59,166 | Closed |
|
|
SKK
34
Shepherd Kaplan Krochuk
Boston,
Massachusetts
| – | -$242K | -13,470 | Closed |
|
|
CA
35
Cetera Advisors
Denver,
Colorado
| – | -$191K | -10,590 | Closed |
|
LGI Hedge Fund Activity: Q1 2018 in Review
32 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Lazard Global Total Return & Income Fund (LGI) for Q1 2018, worth a combined $49.8M — down 6.5% from $53.2M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new LGI positions and 3 closed out — a net gain of 4 holders — while 12 added to existing stakes and 8 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $3.55M. The largest seller was Bulldog Investors, cutting an estimated $5.44M.
- 32 institutional investors held Lazard Global Total Return & Income Fund (LGI) as of Q1 2018, up from 28 in Q4 2017.
- Funds reported $49.8M of Lazard Global Total Return & Income Fund stock for Q1 2018, down 6.5% quarter-over-quarter.
- 7 funds opened new Lazard Global Total Return & Income Fund positions in Q1 2018 and 3 closed out, a net change of +4 holders.
- The largest Lazard Global Total Return & Income Fund buyer in Q1 2018 was Sit Investment Associates, an estimated $3.55M added.
- The largest Lazard Global Total Return & Income Fund seller in Q1 2018 was Bulldog Investors, an estimated $5.44M sold.
Based on aggregated 13F filings for Q1 2018.