TRI-Continental Corp
57 hedge funds and large institutions have $208M invested in TRI-Continental Corp in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 15 reducing their positions, and 9 closing their positions.
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
20% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 15
3% more capital invested
Capital invested by funds: $203M → $208M (+$5.31M)
0.06% more ownership
Funds ownership: 17.85% → 17.92% (+0.06%)
2% less funds holding
Funds holding: 58 → 57 (-1)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.18M |
| 2 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$1.02M |
| 3 |
DT
Diversified Trust
Memphis,
Tennessee
|
+$461K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$320K |
| 5 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$309K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$948K |
| 2 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$578K |
| 3 |
Morgan Stanley
New York
|
-$508K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$450K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$426K |
TY Hedge Fund Activity: Q3 2013 in Review
57 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in TRI-Continental Corp (TY) for Q3 2013, worth a combined $208M — up 2.6% from $203M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of TY and 8 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 18 added.
The largest buyer was Karpus Investment Management, adding an estimated $1.18M. The largest seller was Lazard Asset Management, cutting an estimated $948K.
- 57 institutional investors held TRI-Continental Corp (TY) as of Q3 2013, down from 58 in Q2 2013.
- Funds reported $208M of TRI-Continental Corp stock for Q3 2013, up 2.6% quarter-over-quarter.
- 8 funds opened new TRI-Continental Corp positions in Q3 2013 and 9 closed out, a net change of -1 holder.
- The largest TRI-Continental Corp buyer in Q3 2013 was Karpus Investment Management, an estimated $1.18M added.
- The largest TRI-Continental Corp seller in Q3 2013 was Lazard Asset Management, an estimated $948K sold.
Based on aggregated 13F filings for Q3 2013.