TRI-Continental Corp
64 hedge funds and large institutions have $238M invested in TRI-Continental Corp in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 23 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
2% more funds holding
Funds holding: 63 → 64 (+1)
3% more capital invested
Capital invested by funds: $231M → $238M (+$6.66M)
0.68% more ownership
Funds ownership: 18.34% → 19.03% (+0.68%)
30% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$7.63M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$5.17M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2.18M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.88M |
| 5 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$1.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$9.54M |
| 2 |
SG Americas Securities
New York
|
-$462K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$407K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$355K |
| 5 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$334K |
TY Hedge Fund Activity: Q1 2014 in Review
64 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in TRI-Continental Corp (TY) for Q1 2014, worth a combined $238M — up 2.9% from $231M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new TY positions and 3 closed out — a net gain of 2 holders — while 16 added to existing stakes and 23 trimmed.
The largest buyer was Raymond James & Associates, adding an estimated $7.63M. The largest seller was Lazard Asset Management, cutting an estimated $9.54M.
- 64 institutional investors held TRI-Continental Corp (TY) as of Q1 2014, up from 63 in Q4 2013.
- Funds reported $238M of TRI-Continental Corp stock for Q1 2014, up 2.9% quarter-over-quarter.
- 5 funds opened new TRI-Continental Corp positions in Q1 2014 and 3 closed out, a net change of +2 holders.
- The largest TRI-Continental Corp buyer in Q1 2014 was Raymond James & Associates, an estimated $7.63M added.
- The largest TRI-Continental Corp seller in Q1 2014 was Lazard Asset Management, an estimated $9.54M sold.
Based on aggregated 13F filings for Q1 2014.