SRH Total Return Fund
STEW
94 hedge funds and large institutions have $181M invested in SRH Total Return Fund in 2018 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 44 increasing their positions, 21 reducing their positions, and 9 closing their positions.
110% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 21
12% more capital invested
Capital invested by funds: $161M → $181M (+$19.5M)
0.44% more ownership
Funds ownership: 14.81% → 15.26% (+0.44%)
3% less funds holding
Funds holding: 97 → 94 (-3)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$6.16M |
| 2 |
Morgan Stanley
New York
|
+$793K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$726K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$646K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$491K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.49M |
| 2 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$887K |
| 3 |
BC
Brinker Capital
Berwyn,
Pennsylvania
|
-$716K |
| 4 |
Millennium Management
New York
|
-$612K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
-$612K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BWM
101
Baystate Wealth Management
Boston,
Massachusetts
| – | -$7K | -689 | Closed |
|
102
Fidelity Investments
Boston,
Massachusetts
| – | +$11 | +1 | New |
|
STEW Hedge Fund Activity: Q3 2018 in Review
94 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in SRH Total Return Fund (STEW) for Q3 2018, worth a combined $181M — up 12% from $161M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of STEW and 6 opened new positions — a net loss of 3 holders — while 21 trimmed existing stakes and 44 added.
The largest buyer was Punch & Associates Investment Management, adding an estimated $6.16M. The largest seller was Thomas J. Herzfeld Advisors, cutting an estimated $1.49M.
- 94 institutional investors held SRH Total Return Fund (STEW) as of Q3 2018, down from 97 in Q2 2018.
- Funds reported $181M of SRH Total Return Fund stock for Q3 2018, up 12% quarter-over-quarter.
- 6 funds opened new SRH Total Return Fund positions in Q3 2018 and 9 closed out, a net change of -3 holders.
- The largest SRH Total Return Fund buyer in Q3 2018 was Punch & Associates Investment Management, an estimated $6.16M added.
- The largest SRH Total Return Fund seller in Q3 2018 was Thomas J. Herzfeld Advisors, an estimated $1.49M sold.
Based on aggregated 13F filings for Q3 2018.