SRH Total Return Fund
STEW
78 hedge funds and large institutions have $197M invested in SRH Total Return Fund in 2016 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 19 reducing their positions, and 2 closing their positions.
450% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 2
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
11% more funds holding
Funds holding: 70 → 78 (+8)
0% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 19
1.74% less ownership
Funds ownership: 23.85% → 22.11% (-1.7%)
6% less capital invested
Capital invested by funds: $210M → $197M (-$12.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Geode Capital Management
Boston,
Massachusetts
|
+$4.39M |
| 2 |
WA
WFG Advisors
Dallas,
Texas
|
+$1.27M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$1.18M |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
+$635K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$549K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$13.3M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$4.28M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.96M |
| 4 |
Goldman Sachs
New York
|
-$1.42M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.07M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JIC
76
Joel Isaacson & Co
New York
| $1K | – | – | – |
|
77
Northern Trust
Chicago,
Illinois
| $1K | – | – | – |
|
|
CHP
78
Cable Hill Partners
Portland,
Oregon
| $1K | +$1.08K | +128 | New |
|
|
SCM
79
Sterneck Capital Management
Kansas City,
Missouri
| – | -$459K | -56,495 | Closed |
|
80
SEI Investments
Oaks,
Pennsylvania
| – | +$185 | +22 | New |
|
STEW Hedge Fund Activity: Q3 2016 in Review
78 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in SRH Total Return Fund (STEW) for Q3 2016, worth a combined $197M — down 6% from $210M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new STEW positions and 2 closed out — a net gain of 9 holders — while 19 added to existing stakes and 19 trimmed.
The largest buyer was Geode Capital Management, opening a new position worth an estimated $4.39M. The largest seller was Lazard Asset Management, cutting an estimated $13.3M.
- 78 institutional investors held SRH Total Return Fund (STEW) as of Q3 2016, up from 70 in Q2 2016.
- Funds reported $197M of SRH Total Return Fund stock for Q3 2016, down 6% quarter-over-quarter.
- 11 funds opened new SRH Total Return Fund positions in Q3 2016 and 2 closed out, a net change of +9 holders.
- The largest SRH Total Return Fund buyer in Q3 2016 was Geode Capital Management, an estimated $4.39M added.
- The largest SRH Total Return Fund seller in Q3 2016 was Lazard Asset Management, an estimated $13.3M sold.
Based on aggregated 13F filings for Q3 2016.