RENN Fund
13 hedge funds and large institutions have $657K invested in RENN Fund in 2017 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 1 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
200% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 1
32% more capital invested
Capital invested by funds: $497K → $657K (+$160K)
30% more funds holding
Funds holding: 10 → 13 (+3)
1.97% more ownership
Funds ownership: 8.59% → 10.55% (+2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Pecaut & Co
Sioux City,
Iowa
|
+$74K |
| 2 |
William Blair & Company
Chicago,
Illinois
|
+$48.1K |
| 3 |
EWM
Edge Wealth Management
New York
|
+$14.1K |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
+$8.47K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$2.89K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$18K |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$7.66K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CIC
1
Chase Investment Counsel
Charlottesville,
Virginia
| $234K | – | – | – |
|
|
CAG
2
Crestwood Advisors Group
Boston,
Massachusetts
| $100K | – | – | – |
|
|
PC
3
Pecaut & Co
Sioux City,
Iowa
| $79K | +$74K | +52,396 | New |
|
|
4
William Blair & Company
Chicago,
Illinois
| $51K | +$48.1K | +34,108 | New |
|
|
LCM
5
Landscape Capital Management
Englewood,
New Jersey
| $38K | – | – | – |
|
6
Creative Planning
Overland Park,
Kansas
| $37K | +$1.2K | +850 | +4% |
|
|
TJHA
7
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $34K | -$7.66K | -5,425 | -19% |
|
8
Bank of America
Charlotte,
North Carolina
| $29K | – | – | – |
|
|
9
Citadel Advisors
Miami,
Florida
| $26K | +$2.89K | +2,050 | +13% |
|
|
EWM
10
Edge Wealth Management
New York
| $15K | +$14.1K | +10,000 | New |
|
|
IA
11
IFP Advisors
Tampa,
Florida
| $9K | +$8.47K | +6,000 | New |
|
|
LTFS
12
Ladenburg Thalmann Financial Services
Miami,
Florida
| $4K | – | – | – |
|
13
Morgan Stanley
New York
| $1K | +$428 | +303 | +50% |
|
|
VF
14
Virtu Financial
New York
| – | -$18K | -12,638 | Closed |
|
RCG Hedge Fund Activity: Q4 2017 in Review
13 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in RENN Fund (RCG) for Q4 2017, worth a combined $657K — up 32% from $497K a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new RCG positions and 1 closed out — a net gain of 3 holders — while 3 added to existing stakes and 1 trimmed.
The largest buyer was Pecaut & Co, opening a new position worth an estimated $74K. The largest seller was Virtu Financial, exiting entirely with an estimated $18K sold.
- 13 institutional investors held RENN Fund (RCG) as of Q4 2017, up from 10 in Q3 2017.
- Funds reported $657K of RENN Fund stock for Q4 2017, up 32% quarter-over-quarter.
- 4 funds opened new RENN Fund positions in Q4 2017 and 1 closed out, a net change of +3 holders.
- The largest RENN Fund buyer in Q4 2017 was Pecaut & Co, an estimated $74K added.
- The largest RENN Fund seller in Q4 2017 was Virtu Financial, an estimated $18K sold.
Based on aggregated 13F filings for Q4 2017.