THE CUSHING ROYALTY & INCOME FUND
SRF was delisted on the 29th of May, 2020.
13 hedge funds and large institutions have $3.55M invested in THE CUSHING ROYALTY & INCOME FUND in 2019 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 6 increasing their positions, 3 reducing their positions, and 3 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 3
11% less capital invested
Capital invested by funds: $3.97M → $3.55M (-$421K)
13% less funds holding
Funds holding: 15 → 13 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$124K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$43K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$13.3K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$8.13K |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
+$8.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
-$91K |
| 2 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$71K |
| 3 |
CCP
Cardan Capital Partners
Denver,
Colorado
|
-$3.43K |
| 4 |
AG
Advisor Group
Phoenix,
Arizona
|
-$1.54K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$103 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Morgan Stanley
New York
| $1.5M | +$124K | +19,278 | +9% |
|
|
2
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1.03M | +$43K | +6,710 | +4% |
|
|
CL
3
CSS LLC
Chicago,
Illinois
| $429K | +$8.1K | +1,263 | +2% |
|
|
CCP
4
Cardan Capital Partners
Denver,
Colorado
| $295K | -$3.43K | -535 | -1% |
|
|
WAM
5
Wolverine Asset Management
Chicago,
Illinois
| $173K | +$13.3K | +2,074 | +8% |
|
|
RJA
6
Raymond James & Associates
St Petersburg,
Florida
| $73K | -$103 | -16 | -0.1% |
|
|
LTFS
7
Ladenburg Thalmann Financial Services
Miami,
Florida
| $27K | +$3.44K | +536 | +14% |
|
|
8
UBS Group
Zurich,
Switzerland
| $11K | +$8.13K | +1,269 | +317% |
|
9
Bank of America
Charlotte,
North Carolina
| $3K | – | – | – |
|
|
AG
10
Advisor Group
Phoenix,
Arizona
| $2K | -$1.54K | -240 | -47% |
|
11
US Bancorp
Minneapolis,
Minnesota
| $2K | +$1.8K | +281 | New |
|
|
12
Stifel Financial
St. Louis,
Missouri
| – | -$91K | -13,262 | Closed |
|
|
BTS
13
BB&T Securities
Richmond,
Virginia
| – | -$71K | -10,273 | Closed |
|
SRF Hedge Fund Activity: Q3 2019 in Review
13 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in THE CUSHING ROYALTY & INCOME FUND (SRF) for Q3 2019, worth a combined $3.55M — down 11% from $3.97M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of SRF and 1 opened new positions — a net loss of 2 holders — while 3 trimmed existing stakes and 6 added.
The largest buyer was Morgan Stanley, adding an estimated $124K. The largest seller was Stifel Financial, exiting entirely with an estimated $91K sold.
- 13 institutional investors held THE CUSHING ROYALTY & INCOME FUND (SRF) as of Q3 2019, down from 15 in Q2 2019.
- Funds reported $3.55M of THE CUSHING ROYALTY & INCOME FUND stock for Q3 2019, down 11% quarter-over-quarter.
- 1 fund opened new THE CUSHING ROYALTY & INCOME FUND positions in Q3 2019 and 3 closed out, a net change of -2 holders.
- The largest THE CUSHING ROYALTY & INCOME FUND buyer in Q3 2019 was Morgan Stanley, an estimated $124K added.
- The largest THE CUSHING ROYALTY & INCOME FUND seller in Q3 2019 was Stifel Financial, an estimated $91K sold.
Based on aggregated 13F filings for Q3 2019.