Swiss Helvetia Fund
51 hedge funds and large institutions have $169M invested in Swiss Helvetia Fund in 2014 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 19 increasing their positions, 17 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
12% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 17
6% more funds holding
Funds holding: 48 → 51 (+3)
11.11% less ownership
Funds ownership: 49.52% → 38.41% (-11%)
21% less capital invested
Capital invested by funds: $214M → $169M (-$45.3M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$1.66M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$922K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$707K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$703K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$363K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$22.8M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$16.5M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$5M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$4.13M |
| 5 |
DMAM
Del Mar Asset Management
New York
|
-$2.67M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TF
51
Tompkins Financial
Ithaca,
New York
| $4K | – | – | – |
|
|
DMAM
52
Del Mar Asset Management
New York
| – | -$2.67M | -191,500 | Closed |
|
|
CA
53
Cornerstone Advisors
Asheville,
North Carolina
| – | -$521K | -37,363 | Closed |
|
54
SG Americas Securities
New York
| – | -$417K | -29,909 | Closed |
|
|
CAM
55
CMT Asset Management
Chicago,
Illinois
| – | -$185K | -13,228 | Closed |
|
56
Barclays
London,
United Kingdom
| – | -$128K | -9,860 | Closed |
|
|
DBT
57
Dubuque Bank & Trust
Dubuque,
Iowa
| – | -$17K | -1,211 | Closed |
|
SWZ Hedge Fund Activity: Q1 2014 in Review
51 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Swiss Helvetia Fund (SWZ) for Q1 2014, worth a combined $169M — down 21% from $214M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new SWZ positions and 6 closed out — a net gain of 4 holders — while 19 added to existing stakes and 17 trimmed.
The largest buyer was JP Morgan Chase, opening a new position worth an estimated $1.66M. The largest seller was Lazard Asset Management, cutting an estimated $22.8M.
- 51 institutional investors held Swiss Helvetia Fund (SWZ) as of Q1 2014, up from 48 in Q4 2013.
- Funds reported $169M of Swiss Helvetia Fund stock for Q1 2014, down 21% quarter-over-quarter.
- 10 funds opened new Swiss Helvetia Fund positions in Q1 2014 and 6 closed out, a net change of +4 holders.
- The largest Swiss Helvetia Fund buyer in Q1 2014 was JP Morgan Chase, an estimated $1.66M added.
- The largest Swiss Helvetia Fund seller in Q1 2014 was Lazard Asset Management, an estimated $22.8M sold.
Based on aggregated 13F filings for Q1 2014.