SRH Total Return Fund
STEW
78 hedge funds and large institutions have $176M invested in SRH Total Return Fund in 2016 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 25 increasing their positions, 23 reducing their positions, and 8 closing their positions.
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
9% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 23
0% more funds holding
Funds holding: 78 → 78 (0)
3.54% less ownership
Funds ownership: 22.11% → 18.57% (-3.5%)
11% less capital invested
Capital invested by funds: $197M → $176M (-$21.3M)
43% less funds holding in top 10
Funds holding in top 10: 7 → 4 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.27M |
| 2 |
BCA
Benchmark Capital Advisors
New York
|
+$1.21M |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$1.15M |
| 4 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$1.01M |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$679K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$14.6M |
| 2 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$5.73M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$5.59M |
| 4 |
Lazard Asset Management
New York
|
-$4.82M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$4.62M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
US Bancorp
Minneapolis,
Minnesota
| $3K | – | – | – |
|
|
LWM
77
LBA Wealth Management
Jacksonville,
Florida
| $2K | – | – | – |
|
|
JIC
78
Joel Isaacson & Co
New York
| $1K | – | – | – |
|
|
79
Lazard Asset Management
New York
| – | -$4.82M | -574,700 | Closed |
|
|
WAM
80
Wolverine Asset Management
Chicago,
Illinois
| – | -$1.21M | -143,910 | Closed |
|
81
Bank of Nova Scotia
Toronto,
Ontario, Canada
| – | -$1.17M | -139,752 | Closed |
|
|
CCM
82
Context Capital Management
Lajolla,
California
| – | -$195K | -23,278 | Closed |
|
|
JFA
83
JNBA Financial Advisors
Bloomington,
Minnesota
| – | -$189K | -22,582 | Closed |
|
|
VKH
84
Virtu KCG Holdings
New York
| – | -$139K | -16,627 | Closed |
|
|
MCM
85
Maryland Capital Management
Towson,
Maryland
| – | -$101K | -12,000 | Closed |
|
|
CHP
86
Cable Hill Partners
Portland,
Oregon
| – | -$1K | -128 | Closed |
|
87
Barclays
London,
United Kingdom
| – | +$205 | +24 | New |
|
STEW Hedge Fund Activity: Q4 2016 in Review
78 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in SRH Total Return Fund (STEW) for Q4 2016, worth a combined $176M — down 11% from $197M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new STEW positions and 8 closed out — a net gain of 1 holder — while 25 added to existing stakes and 23 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $2.27M. The largest seller was Rivernorth Capital Management, cutting an estimated $14.6M.
- 78 institutional investors held SRH Total Return Fund (STEW) as of Q4 2016, unchanged from Q3 2016.
- Funds reported $176M of SRH Total Return Fund stock for Q4 2016, down 11% quarter-over-quarter.
- 9 funds opened new SRH Total Return Fund positions in Q4 2016 and 8 closed out, a net change of +1 holder.
- The largest SRH Total Return Fund buyer in Q4 2016 was Morgan Stanley, an estimated $2.27M added.
- The largest SRH Total Return Fund seller in Q4 2016 was Rivernorth Capital Management, an estimated $14.6M sold.
Based on aggregated 13F filings for Q4 2016.