SRH Total Return Fund
STEW
82 hedge funds and large institutions have $168M invested in SRH Total Return Fund in 2017 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 29 increasing their positions, 23 reducing their positions, and 8 closing their positions.
26% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 23
1% more capital invested
Capital invested by funds: $167M → $168M (+$978K)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
0.63% less ownership
Funds ownership: 16.94% → 16.31% (-0.63%)
2% less funds holding
Funds holding: 84 → 82 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2.57M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.47M |
| 3 |
Morgan Stanley
New York
|
+$1.21M |
| 4 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$1.04M |
| 5 |
AA
Advisory Alpha
Holland,
Michigan
|
+$874K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$7.65M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.64M |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.91M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.11M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$874K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
AssetMark Inc
Concord,
California
| $25K | – | – | – |
|
|
HCM
77
Highlander Capital Management
Short Hills,
New Jersey
| $15K | – | – | – |
|
|
SPIA
78
Steward Partners Investment Advisory
New York
| $15K | – | – | – |
|
|
NFG
79
Next Financial Group
Houston,
Texas
| $12K | -$64.6K | -6,824 | -85% |
|
80
US Bancorp
Minneapolis,
Minnesota
| $10K | +$9.47K | +1,000 | New |
|
|
FWM
81
Focused Wealth Management
Newburgh,
New York
| $7K | +$66 | +7 | +1% |
|
|
BWA
82
BDO Wealth Advisors
Jacksonville,
Florida
| $2K | – | – | – |
|
|
KIM
83
Karpus Investment Management
Pittsford,
New York
| – | -$7.65M | -822,281 | Closed |
|
|
84
LPL Financial
San Diego,
California
| – | -$1.11M | -119,785 | Closed |
|
|
ST
85
Sentinel Trust
Houston,
Texas
| – | -$432K | -46,443 | Closed |
|
|
SI
86
SII Investments
Appleton,
Wisconsin
| – | -$316K | -34,020 | Closed |
|
87
Millennium Management
New York
| – | -$280K | -30,100 | Closed |
|
|
CBN
88
Cadence Bank NA
Houston,
Texas
| – | -$113K | -12,173 | Closed |
|
|
LA
89
Legacy Advisors
Plymouth Meeting,
Pennsylvania
| – | -$5K | -609 | Closed |
|
STEW Hedge Fund Activity: Q2 2017 in Review
82 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in SRH Total Return Fund (STEW) for Q2 2017, worth a combined $168M — up 0.59% from $167M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of STEW and 6 opened new positions — a net loss of 2 holders — while 23 trimmed existing stakes and 29 added.
The largest buyer was Shaker Financial Services, adding an estimated $2.57M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $7.65M sold.
- 82 institutional investors held SRH Total Return Fund (STEW) as of Q2 2017, down from 84 in Q1 2017.
- Funds reported $168M of SRH Total Return Fund stock for Q2 2017, up 0.59% quarter-over-quarter.
- 6 funds opened new SRH Total Return Fund positions in Q2 2017 and 8 closed out, a net change of -2 holders.
- The largest SRH Total Return Fund buyer in Q2 2017 was Shaker Financial Services, an estimated $2.57M added.
- The largest SRH Total Return Fund seller in Q2 2017 was Karpus Investment Management, an estimated $7.65M sold.
Based on aggregated 13F filings for Q2 2017.