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STEW

SRH Total Return Fund

70 hedge funds and large institutions have $188M invested in SRH Total Return Fund in 2015 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 6

24% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 17

11% more capital invested

Capital invested by funds: $170M → $188M (+$18.3M)

3% more funds holding

Funds holding: 6870 (+2)

1.36% more ownership

Funds ownership: 21.1%22.46% (+1.4%)

0% more funds holding in top 10

Funds holding in top 10: 66 (0)

Holders
70
Holders Change
+2
Holders Change %
+2.94%
% of All Funds
1.84%
Holding in Top 10
6
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.16%
New
10
Increased
21
Reduced
17
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RCM
1
Rivernorth Capital Management
Florida
$30M
KIM
2
Karpus Investment Management
New York
$23.3M -$370K -47,648 -2%
RJA
3
Raymond James & Associates
Florida
$22.8M +$1.08M +138,928 +5%
Morgan Stanley
4
Morgan Stanley
New York
$14.5M +$5M +643,414 +53%
TJHA
5
Thomas J. Herzfeld Advisors
Florida
$12.1M +$27.3K +3,517 +0.2%
GFM
6
Gramercy Funds Management
Connecticut
$11.3M
MC
7
Matisse Capital
Oregon
$11M +$11M +1,421,100 New
MIG
8
Mariner Investment Group
New York
$9.82M
BI
9
Bulldog Investors
New Jersey
$7.75M -$2.08M -268,063 -21%
CL
10
CSS LLC
Illinois
$5.3M
Goldman Sachs
11
Goldman Sachs
New York
$5.24M -$1.19M -153,324 -18%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$3.81M
HSBC Holdings
13
HSBC Holdings
United Kingdom
$3.5M
SFS
14
Shaker Financial Services
Virginia
$3.07M -$225K -28,888 -7%
MFS
15
MSI Financial Services
Massachusetts
$2.32M +$24.6K +3,162 +1%
ST
16
Sentinel Trust
Texas
$1.95M
COLIM
17
City of London Investment Management
United Kingdom
$1.46M
SA
18
SRH Advisors
Kansas
$1.31M
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$1.27M -$68.5K -8,817 -5%
WA
20
WFG Advisors
Texas
$1.25M -$50.9K -6,548 -4%
DGHMC
21
Dalton, Greiner, Hartman, Maher & Co
New York
$1.11M
LPL Financial
22
LPL Financial
California
$1.07M +$558K +71,742 +106%
Hotchkis & Wiley Capital Management
23
Hotchkis & Wiley Capital Management
California
$916K
Wells Fargo
24
Wells Fargo
California
$772K +$10.1K +1,297 +1%
PNC Financial Services Group
25
PNC Financial Services Group
Pennsylvania
$770K

STEW Hedge Fund Activity: Q4 2015 in Review

70 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in SRH Total Return Fund (STEW) for Q4 2015, worth a combined $188M — up 11% from $170M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new STEW positions and 6 closed out — a net gain of 4 holders — while 21 added to existing stakes and 17 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $5M. The largest seller was Bulldog Investors, cutting an estimated $2.08M.

  • 70 institutional investors held SRH Total Return Fund (STEW) as of Q4 2015, up from 68 in Q3 2015.
  • Funds reported $188M of SRH Total Return Fund stock for Q4 2015, up 11% quarter-over-quarter.
  • 10 funds opened new SRH Total Return Fund positions in Q4 2015 and 6 closed out, a net change of +4 holders.
  • The largest SRH Total Return Fund buyer in Q4 2015 was Morgan Stanley, an estimated $5M added.
  • The largest SRH Total Return Fund seller in Q4 2015 was Bulldog Investors, an estimated $2.08M sold.

Based on aggregated 13F filings for Q4 2015.