Lazard Global Total Return & Income Fund
LGI
41 hedge funds and large institutions have $54.2M invested in Lazard Global Total Return & Income Fund in 2020 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 17 increasing their positions, 12 reducing their positions, and 12 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 12
6% more capital invested
Capital invested by funds: $51.1M → $54.2M (+$3.08M)
0.92% less ownership
Funds ownership: 26.16% → 25.24% (-0.92%)
18% less funds holding
Funds holding: 50 → 41 (-9)
75% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$2.77M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$752K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$495K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$238K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$190K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.39M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.68M |
| 3 |
BlackRock
New York
|
-$641K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$523K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$353K |
LGI Hedge Fund Activity: Q3 2020 in Review
41 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Lazard Global Total Return & Income Fund (LGI) for Q3 2020, worth a combined $54.2M — up 6% from $51.1M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of LGI and 3 opened new positions — a net loss of 9 holders — while 12 trimmed existing stakes and 17 added.
The largest buyer was Northwestern Mutual Wealth Management, adding an estimated $2.77M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $2.39M sold.
- 41 institutional investors held Lazard Global Total Return & Income Fund (LGI) as of Q3 2020, down from 50 in Q2 2020.
- Funds reported $54.2M of Lazard Global Total Return & Income Fund stock for Q3 2020, up 6% quarter-over-quarter.
- 3 funds opened new Lazard Global Total Return & Income Fund positions in Q3 2020 and 12 closed out, a net change of -9 holders.
- The largest Lazard Global Total Return & Income Fund buyer in Q3 2020 was Northwestern Mutual Wealth Management, an estimated $2.77M added.
- The largest Lazard Global Total Return & Income Fund seller in Q3 2020 was Karpus Investment Management, an estimated $2.39M sold.
Based on aggregated 13F filings for Q3 2020.