SRH Total Return Fund
STEW
70 hedge funds and large institutions have $210M invested in SRH Total Return Fund in 2016 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 21 increasing their positions, 20 reducing their positions, and 9 closing their positions.
5% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 20
0% more capital invested
Capital invested by funds: $210M → $210M (+$262K)
1.35% less ownership
Funds ownership: 25.2% → 23.85% (-1.4%)
7% less funds holding
Funds holding: 75 → 70 (-5)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
56% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$438K |
| 2 |
WA
WFG Advisors
Dallas,
Texas
|
+$415K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$295K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$287K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$224K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$6.96M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.29M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1M |
| 4 |
Morgan Stanley
New York
|
-$700K |
| 5 |
LPL Financial
San Diego,
California
|
-$595K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BFM
76
Boothbay Fund Management
New York
| – | -$131K | -16,724 | Closed |
|
77
AllianceBernstein
Nashville,
Tennessee
| – | -$94K | -12,000 | Closed |
|
|
AA
78
AQR Arbitrage
Greenwich,
Connecticut
| – | -$88K | -11,164 | Closed |
|
|
JMPWA
79
JP Morgan Private Wealth Advisors
San Francisco,
California
| – | -$80K | -10,195 | Closed |
|
|
GAM
80
Gemmer Asset Management
Walnut Creek,
California
| – | -$55K | -7,117 | Closed |
|
STEW Hedge Fund Activity: Q2 2016 in Review
70 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in SRH Total Return Fund (STEW) for Q2 2016, worth a combined $210M — up 0.13% from $210M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of STEW and 4 opened new positions — a net loss of 5 holders — while 20 trimmed existing stakes and 21 added.
The largest buyer was Thomas J. Herzfeld Advisors, adding an estimated $438K. The largest seller was Lazard Asset Management, cutting an estimated $6.96M.
- 70 institutional investors held SRH Total Return Fund (STEW) as of Q2 2016, down from 75 in Q1 2016.
- Funds reported $210M of SRH Total Return Fund stock for Q2 2016, up 0.13% quarter-over-quarter.
- 4 funds opened new SRH Total Return Fund positions in Q2 2016 and 9 closed out, a net change of -5 holders.
- The largest SRH Total Return Fund buyer in Q2 2016 was Thomas J. Herzfeld Advisors, an estimated $438K added.
- The largest SRH Total Return Fund seller in Q2 2016 was Lazard Asset Management, an estimated $6.96M sold.
Based on aggregated 13F filings for Q2 2016.