Swiss Helvetia Fund
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
+$5.94M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$4.11M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.98M |
| 4 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$1.08M |
| 5 |
DT
Diversified Trust
Memphis,
Tennessee
|
+$869K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$13.7M |
| 2 |
BlackRock
New York
|
-$2.64M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.95M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.32M |
| 5 |
JP Morgan Chase
New York
|
-$1.03M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AWM
51
Altavista Wealth Management
Asheville,
North Carolina
| – | -$582K | -47,201 | Closed |
|
|
GCAC
52
Guardian Capital Advisors (Canada)
Toronto,
Ontario, Canada
| – | -$165K | -14,091 | Closed |
|
53
LPL Financial
San Diego,
California
| – | -$133K | -10,830 | Closed |
|
|
TRCT
54
Tower Research Capital (TRC)
New York
| – | -$2K | -127 | Closed |
|
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.