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SWZ

Swiss Helvetia Fund
SWZ

44 hedge funds and large institutions have $209M invested in Swiss Helvetia Fund in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 9

10% more capital invested

Capital invested by funds: $191M → $209M (+$18.3M)

2.53% less ownership

Funds ownership: 49.99% → 47.46% (-2.5%)

10% less funds holding

Funds holding: 49 → 44 (-5)

40% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 10

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
44
Holders Change
-5
Holders Change %
-10.2%
% of All Funds
1.43%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
6
Increased
11
Reduced
9
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Lazard Asset Management
Lazard Asset Management
New York
+$5.94M
2
Wells Fargo
Wells Fargo
California
+$4.11M
3
KIM
Karpus Investment Management
New York
+$1.98M
4
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
+$1.08M
5
DT
Diversified Trust
Tennessee
+$869K

Top Sellers

Rank Fund Capital Flow
1
BI
Bulldog Investors
New Jersey
-$13.7M
2
BlackRock
BlackRock
New York
-$2.64M
3
SFS
Shaker Financial Services
Virginia
-$1.95M
4
1CP
1607 Capital Partners
Virginia
-$1.32M
5
JP Morgan Chase
JP Morgan Chase
New York
-$1.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAN
26
Cetera Advisor Networks
California
$178K – – –
SSWM
27
Smith Salley Wealth Management
North Carolina
$177K +$18.4K +1,380 +12%
AP
28
Advisor Partners
California
$171K – – –
WSFS
29
Wilmington Savings Fund Society
Delaware
$167K – – –
SCM
30
SOL Capital Management
Maryland
$163K – – –
First Manhattan
31
First Manhattan
New York
$140K – – –
Barclays
32
Barclays
United Kingdom
$126K +$46.9K +3,524 +64%
GFM
33
Gramercy Funds Management
Connecticut
$100K – – –
Citigroup
34
Citigroup
New York
$46K -$1.69K -127 -4%
TJHA
35
Thomas J. Herzfeld Advisors
Florida
$34K – – –
Ameriprise
36
Ameriprise
Minnesota
$27K – – –
WA
37
WFG Advisors
Texas
$26K +$24K +1,801 New
CFSG
38
Community Financial Services Group
Vermont
$23K – – –
DBT
39
Dubuque Bank & Trust
Iowa
$17K – – –
OIA
40
Optimum Investment Advisors
Illinois
$12K +$11.2K +844 New
US Bancorp
41
US Bancorp
Minnesota
$10K – – –
WF
42
WealthTrust Fairport
Ohio
$7K +$6.64K +499 New
TF
43
Tompkins Financial
New York
$4K – – –
Creative Planning
44
Creative Planning
Kansas
$3K +$2.66K +200 New
BI
45
Bulldog Investors
New Jersey
– -$13.7M -1,111,606 Closed
BlackRock
46
BlackRock
New York
– -$2.64M -214,600 Closed
SFS
47
Shaker Financial Services
Virginia
– -$1.95M -158,442 Closed
JP Morgan Chase
48
JP Morgan Chase
New York
– -$1.03M -83,754 Closed
TC
49
TFS Capital
Pennsylvania
– -$797K -64,694 Closed
DA
50
Doliver Advisors
Texas
– -$607K -49,271 Closed
1
2
3

SWZ Hedge Fund Activity: Q3 2013 in Review

44 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Swiss Helvetia Fund (SWZ) for Q3 2013, worth a combined $209M — up 9.6% from $191M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of SWZ and 6 opened new positions — a net loss of 4 holders — while 9 trimmed existing stakes and 11 added.

The largest buyer was Lazard Asset Management, adding an estimated $5.94M. The largest seller was Bulldog Investors, exiting entirely with an estimated $13.7M sold.

  • 44 institutional investors held Swiss Helvetia Fund (SWZ) as of Q3 2013, down from 49 in Q2 2013.
  • Funds reported $209M of Swiss Helvetia Fund stock for Q3 2013, up 9.6% quarter-over-quarter.
  • 6 funds opened new Swiss Helvetia Fund positions in Q3 2013 and 10 closed out, a net change of -4 holders.
  • The largest Swiss Helvetia Fund buyer in Q3 2013 was Lazard Asset Management, an estimated $5.94M added.
  • The largest Swiss Helvetia Fund seller in Q3 2013 was Bulldog Investors, an estimated $13.7M sold.

Based on aggregated 13F filings for Q3 2013.