SRH Total Return Fund
STEW
28 hedge funds and large institutions have $38.6M invested in SRH Total Return Fund in 2013 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 11 increasing their positions, 6 reducing their positions, and 4 closing their positions.
83% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 6
10% more capital invested
Capital invested by funds: $35M → $38.6M (+$3.6M)
1.39% more ownership
Funds ownership: 18.44% → 19.83% (+1.4%)
7% less funds holding
Funds holding: 30 → 28 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.84M |
| 2 |
HSBC Holdings
London,
United Kingdom
|
+$1.41M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$140K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$139K |
| 5 |
Morgan Stanley
New York
|
+$104K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$443K |
| 2 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$280K |
| 3 |
Goldman Sachs
New York
|
-$144K |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$100K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$26.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Creative Planning
Overland Park,
Kansas
| $2K | +$15 | +2 | +1% |
|
27
US Bancorp
Minneapolis,
Minnesota
| $1K | +$958 | +125 | New |
|
|
WAM
28
Wolverine Asset Management
Chicago,
Illinois
| – | -$443K | -59,558 | Closed |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| – | -$3K | -462 | Closed |
|
|
U
30
UBS
Zurich,
Switzerland
| – | -$3K | -414 | Closed |
|
31
Nomura Holdings
Tokyo,
Japan
| – | -$1K | -200 | Closed |
|
STEW Hedge Fund Activity: Q3 2013 in Review
28 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in SRH Total Return Fund (STEW) for Q3 2013, worth a combined $38.6M — up 10% from $35M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of STEW and 2 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 11 added.
The largest buyer was Karpus Investment Management, adding an estimated $1.84M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $443K sold.
- 28 institutional investors held SRH Total Return Fund (STEW) as of Q3 2013, down from 30 in Q2 2013.
- Funds reported $38.6M of SRH Total Return Fund stock for Q3 2013, up 10% quarter-over-quarter.
- 2 funds opened new SRH Total Return Fund positions in Q3 2013 and 4 closed out, a net change of -2 holders.
- The largest SRH Total Return Fund buyer in Q3 2013 was Karpus Investment Management, an estimated $1.84M added.
- The largest SRH Total Return Fund seller in Q3 2013 was Wolverine Asset Management, an estimated $443K sold.
Based on aggregated 13F filings for Q3 2013.