RENN Fund
9 hedge funds and large institutions have $345K invested in RENN Fund in 2013 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 3 reducing their positions, and 2 closing their positions.
2.44% less ownership
Funds ownership: 7.71% → 5.27% (-2.4%)
10% less funds holding
Funds holding: 10 → 9 (-1)
34% less capital invested
Capital invested by funds: $521K → $345K (-$176K)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
67% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$19.9K |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$2.66K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$169K |
| 2 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$5K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$3.43K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$2.62K |
| 5 |
NMLIC
Northwestern Mutual Life Insurance Company
Milwaukee,
Wisconsin
|
-$1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TJHA
1
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $154K | – | – | – |
|
|
BRWA
2
B. Riley Wealth Advisors
Boca Raton,
Florida
| $123K | -$169K | -116,821 | -58% |
|
3
Bank of America
Charlotte,
North Carolina
| $28K | – | – | – |
|
|
4
Citadel Advisors
Miami,
Florida
| $20K | +$19.9K | +13,711 | New |
|
|
WAM
5
Wolverine Asset Management
Chicago,
Illinois
| $13K | -$3.43K | -2,367 | -20% |
|
|
U
6
UBS
Zurich,
Switzerland
| $4K | +$2.66K | +1,837 | +170% |
|
7
Creative Planning
Overland Park,
Kansas
| $2K | – | – | – |
|
|
LTFS
8
Ladenburg Thalmann Financial Services
Miami,
Florida
| $1K | – | – | – |
|
|
GFM
9
Gramercy Funds Management
Greenwich,
Connecticut
| – | -$5K | -3,266 | Closed |
|
|
10
Wells Fargo
San Francisco,
California
| – | -$2.62K | -1,810 | -100% |
|
|
NMLIC
11
Northwestern Mutual Life Insurance Company
Milwaukee,
Wisconsin
| – | -$1K | -366 | Closed |
|
RCG Hedge Fund Activity: Q3 2013 in Review
9 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in RENN Fund (RCG) for Q3 2013, worth a combined $345K — down 34% from $521K a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of RCG and 1 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 1 added.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $19.9K. The largest seller was B. Riley Wealth Advisors, cutting an estimated $169K.
- 9 institutional investors held RENN Fund (RCG) as of Q3 2013, down from 10 in Q2 2013.
- Funds reported $345K of RENN Fund stock for Q3 2013, down 34% quarter-over-quarter.
- 1 fund opened new RENN Fund positions in Q3 2013 and 2 closed out, a net change of -1 holder.
- The largest RENN Fund buyer in Q3 2013 was Citadel Advisors, an estimated $19.9K added.
- The largest RENN Fund seller in Q3 2013 was B. Riley Wealth Advisors, an estimated $169K sold.
Based on aggregated 13F filings for Q3 2013.