SRH Total Return Fund
STEW
34 hedge funds and large institutions have $44.7M invested in SRH Total Return Fund in 2013 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 9 increasing their positions, 9 reducing their positions, and 2 closing their positions.
350% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 2
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
21% more funds holding
Funds holding: 28 → 34 (+6)
16% more capital invested
Capital invested by funds: $38.6M → $44.7M (+$6.09M)
1.96% more ownership
Funds ownership: 19.83% → 21.79% (+2%)
0% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MM
Midas Management
New York
|
+$1.45M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.16M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$873K |
| 4 |
Morgan Stanley
New York
|
+$364K |
| 5 |
DGHMC
Dalton, Greiner, Hartman, Maher & Co
New York
|
+$257K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$544K |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$347K |
| 3 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$313K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$211K |
| 5 |
Goldman Sachs
New York
|
-$102K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SKK
26
Shepherd Kaplan Krochuk
Boston,
Massachusetts
| $115K | – | – | – |
|
|
TC
27
TFS Capital
West Chester,
Pennsylvania
| $114K | -$211K | -26,897 | -65% |
|
28
Commonwealth Equity Services
Waltham,
Massachusetts
| $91K | -$5.1K | -650 | -5% |
|
|
LTFS
29
Ladenburg Thalmann Financial Services
Miami,
Florida
| $44K | -$62.8K | -8,000 | -59% |
|
|
EWM
30
Evercore Wealth Management
New York
| $24K | +$23.5K | +3,000 | New |
|
|
DADC
31
D.A. Davidson & Co
Great Falls,
Montana
| $12K | +$12.2K | +1,557 | New |
|
|
WEC
32
Winslow Evans & Crocker
Boston,
Massachusetts
| $2K | +$2.21K | +281 | New |
|
33
Citigroup
New York
| $1K | – | – | – |
|
34
US Bancorp
Minneapolis,
Minnesota
| $1K | – | – | – |
|
|
35
Ameriprise
Minneapolis,
Minnesota
| – | -$347K | -45,516 | Closed |
|
36
Creative Planning
Overland Park,
Kansas
| – | -$2K | -206 | Closed |
|
STEW Hedge Fund Activity: Q4 2013 in Review
34 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in SRH Total Return Fund (STEW) for Q4 2013, worth a combined $44.7M — up 16% from $38.6M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new STEW positions and 2 closed out — a net gain of 7 holders — while 9 added to existing stakes and 9 trimmed.
The largest buyer was Midas Management, opening a new position worth an estimated $1.45M. The largest seller was Bulldog Investors, cutting an estimated $544K.
- 34 institutional investors held SRH Total Return Fund (STEW) as of Q4 2013, up from 28 in Q3 2013.
- Funds reported $44.7M of SRH Total Return Fund stock for Q4 2013, up 16% quarter-over-quarter.
- 9 funds opened new SRH Total Return Fund positions in Q4 2013 and 2 closed out, a net change of +7 holders.
- The largest SRH Total Return Fund buyer in Q4 2013 was Midas Management, an estimated $1.45M added.
- The largest SRH Total Return Fund seller in Q4 2013 was Bulldog Investors, an estimated $544K sold.
Based on aggregated 13F filings for Q4 2013.