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TRI-Continental Corp
TY

63 hedge funds and large institutions have $231M invested in TRI-Continental Corp in 2013 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 23 increasing their positions, 16 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 3

44% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 16

17% more funds holding in top 10

Funds holding in top 10: 6 → 7 (+1)

11% more capital invested

Capital invested by funds: $208M → $231M (+$22.8M)

11% more funds holding

Funds holding: 57 → 63 (+6)

0.43% more ownership

Funds ownership: 17.92% → 18.34% (+0.43%)

Holders
63
Holders Change
+6
Holders Change %
+10.53%
% of All Funds
1.83%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.2%
New
9
Increased
23
Reduced
16
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KIM
Karpus Investment Management
New York
+$3.57M
2
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$1.34M
3
DA
Doliver Advisors
Texas
+$1.17M
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$975K
5
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$707K

Top Sellers

1
GFM
Gramercy Funds Management
Connecticut
-$1.86M
2
Wells Fargo
Wells Fargo
California
-$1.38M
3
Bank of New York Mellon
Bank of New York Mellon
New York
-$978K
4
TC
TFS Capital
Pennsylvania
-$520K
5
HSBC Holdings
HSBC Holdings
United Kingdom
-$441K
Name Holding Trade Value Shares
Change 		Change in
Stake
Lazard Asset Management
1
Lazard Asset Management
New York
$44.4M -$303K -15,800 -0.7%
RVP
2
Relative Value Partners
Illinois
$36.3M +$427K +22,283 +1%
GFM
3
Gramercy Funds Management
Connecticut
$27.3M -$1.86M -97,174 -7%
KIM
4
Karpus Investment Management
New York
$26.5M +$3.57M +186,223 +16%
RCM
5
Rivernorth Capital Management
Florida
$21.4M +$9.59K +500 +0%
1CP
6
1607 Capital Partners
Virginia
$14.1M +$131K +6,852 +1%
BI
7
Bulldog Investors
New Jersey
$7.76M – – –
BBPWM
8
Blue Bell Private Wealth Management
Pennsylvania
$5.89M +$65.3K +3,406 +1%
Morgan Stanley
9
Morgan Stanley
New York
$5.44M +$206K +10,760 +4%
COLIM
10
City of London Investment Management
United Kingdom
$4.61M +$17.3K +900 +0.4%
TJHA
11
Thomas J. Herzfeld Advisors
Florida
$4.33M +$202K +10,524 +5%
DA
12
Doliver Advisors
Texas
$2.9M +$1.17M +60,943 +72%
Bank of America
13
Bank of America
North Carolina
$2.62M +$364K +18,969 +17%
DT
14
Diversified Trust
Tennessee
$2.28M -$303K -15,800 -12%
SG Americas Securities
15
SG Americas Securities
New York
$2.26M +$162K +8,460 +8%
HSBC Holdings
16
HSBC Holdings
United Kingdom
$1.92M -$441K -23,000 -19%
AA
17
Ancora Advisors
Ohio
$1.9M – – –
Goldman Sachs
18
Goldman Sachs
New York
$1.81M -$241K -12,552 -12%
SFS
19
Shaker Financial Services
Virginia
$1.7M +$317K +16,549 +24%
CA
20
Cornerstone Advisors
North Carolina
$1.55M – – –
1832 Asset Management
21
1832 Asset Management
Ontario, Canada
$1.4M +$1.34M +70,000 New
RJFSA
22
Raymond James Financial Services Advisors
Florida
$1.27M +$541K +28,220 +80%
Commonwealth Equity Services
23
Commonwealth Equity Services
Massachusetts
$1.01M +$975K +50,818 New
CAN
24
Cetera Advisor Networks
California
$958K +$12.5K +650 +1%
PNC Financial Services Group
25
PNC Financial Services Group
Pennsylvania
$905K +$707K +36,851 +435%
1
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TY Hedge Fund Activity: Q4 2013 in Review

63 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in TRI-Continental Corp (TY) for Q4 2013, worth a combined $231M — up 11% from $208M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new TY positions and 3 closed out — a net gain of 6 holders — while 23 added to existing stakes and 16 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $3.57M. The largest seller was Gramercy Funds Management, cutting an estimated $1.86M.

  • 63 institutional investors held TRI-Continental Corp (TY) as of Q4 2013, up from 57 in Q3 2013.
  • Funds reported $231M of TRI-Continental Corp stock for Q4 2013, up 11% quarter-over-quarter.
  • 9 funds opened new TRI-Continental Corp positions in Q4 2013 and 3 closed out, a net change of +6 holders.
  • The largest TRI-Continental Corp buyer in Q4 2013 was Karpus Investment Management, an estimated $3.57M added.
  • The largest TRI-Continental Corp seller in Q4 2013 was Gramercy Funds Management, an estimated $1.86M sold.

Based on aggregated 13F filings for Q4 2013.