THE CUSHING ROYALTY & INCOME FUND
SRF was delisted on the 29th of May, 2020.
21 hedge funds and large institutions have $3.59M invested in THE CUSHING ROYALTY & INCOME FUND in 2015 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 7 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
19% less funds holding
Funds holding: 26 → 21 (-5)
53% less capital invested
Capital invested by funds: $7.63M → $3.59M (-$4.04M)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$451K |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$448K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$72K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$70.2K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$63.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$738K |
| 2 |
NIMC
NWQ Investment Management Company
Los Angeles,
California
|
-$624K |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$370K |
| 4 |
Morgan Stanley
New York
|
-$341K |
| 5 |
B
Baird
Milwaukee,
Wisconsin
|
-$290K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Jane Street
New York
| – | -$135K | -3,425 | Closed |
|
|
ECM
27
Exchange Capital Management
Ann Arbor,
Michigan
| – | -$9K | -200 | Closed |
|
28
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$6K | -140 | Closed |
|
SRF Hedge Fund Activity: Q1 2015 in Review
21 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in THE CUSHING ROYALTY & INCOME FUND (SRF) for Q1 2015, worth a combined $3.59M — down 53% from $7.63M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of SRF and 2 opened new positions — a net loss of 5 holders — while 8 trimmed existing stakes and 9 added.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $451K. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $738K sold.
- 21 institutional investors held THE CUSHING ROYALTY & INCOME FUND (SRF) as of Q1 2015, down from 26 in Q4 2014.
- Funds reported $3.59M of THE CUSHING ROYALTY & INCOME FUND stock for Q1 2015, down 53% quarter-over-quarter.
- 2 funds opened new THE CUSHING ROYALTY & INCOME FUND positions in Q1 2015 and 7 closed out, a net change of -5 holders.
- The largest THE CUSHING ROYALTY & INCOME FUND buyer in Q1 2015 was Wolverine Asset Management, an estimated $451K added.
- The largest THE CUSHING ROYALTY & INCOME FUND seller in Q1 2015 was Rivernorth Capital Management, an estimated $738K sold.
Based on aggregated 13F filings for Q1 2015.