Lazard Global Total Return & Income Fund
LGI
35 hedge funds and large institutions have $45.3M invested in Lazard Global Total Return & Income Fund in 2018 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 5 closing their positions.
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
6% more funds holding
Funds holding: 33 → 35 (+2)
0.99% less ownership
Funds ownership: 27.55% → 26.56% (-0.99%)
9% less capital invested
Capital invested by funds: $50M → $45.3M (-$4.65M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.63M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$1.5M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.02M |
| 4 |
TWM
Titus Wealth Management
Larskpur,
California
|
+$518K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$385K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.21M |
| 2 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$2.03M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.84M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$695K |
| 5 |
LPL Financial
San Diego,
California
|
-$361K |
LGI Hedge Fund Activity: Q3 2018 in Review
35 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Lazard Global Total Return & Income Fund (LGI) for Q3 2018, worth a combined $45.3M — down 9.3% from $50M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new LGI positions and 5 closed out — a net gain of 2 holders — while 12 added to existing stakes and 10 trimmed.
The largest buyer was Shaker Financial Services, opening a new position worth an estimated $1.63M. The largest seller was Sit Investment Associates, cutting an estimated $3.21M.
- 35 institutional investors held Lazard Global Total Return & Income Fund (LGI) as of Q3 2018, up from 33 in Q2 2018.
- Funds reported $45.3M of Lazard Global Total Return & Income Fund stock for Q3 2018, down 9.3% quarter-over-quarter.
- 7 funds opened new Lazard Global Total Return & Income Fund positions in Q3 2018 and 5 closed out, a net change of +2 holders.
- The largest Lazard Global Total Return & Income Fund buyer in Q3 2018 was Shaker Financial Services, an estimated $1.63M added.
- The largest Lazard Global Total Return & Income Fund seller in Q3 2018 was Sit Investment Associates, an estimated $3.21M sold.
Based on aggregated 13F filings for Q3 2018.