TRI-Continental Corp
61 hedge funds and large institutions have $248M invested in TRI-Continental Corp in 2014 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 21 increasing their positions, 18 reducing their positions, and 6 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 18
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
0.16% less ownership
Funds ownership: 19.08% → 18.92% (-0.16%)
1% less capital invested
Capital invested by funds: $251M → $248M (-$2.31M)
8% less funds holding
Funds holding: 66 → 61 (-5)
83% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$962K |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$891K |
| 3 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$798K |
| 4 |
IT
Independence Trust
Franklin,
Tennessee
|
+$439K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$434K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.3M |
| 2 |
ZIG
Zuckerman Investment Group
Chicago,
Illinois
|
-$1.08M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$671K |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$643K |
| 5 |
PP
PDT Partners
New York
|
-$561K |
TY Hedge Fund Activity: Q3 2014 in Review
61 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in TRI-Continental Corp (TY) for Q3 2014, worth a combined $248M — down 0.92% from $251M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of TY and 1 opened new positions — a net loss of 5 holders — while 18 trimmed existing stakes and 21 added.
The largest buyer was Wolverine Asset Management, adding an estimated $962K. The largest seller was TFS Capital, exiting entirely with an estimated $1.3M sold.
- 61 institutional investors held TRI-Continental Corp (TY) as of Q3 2014, down from 66 in Q2 2014.
- Funds reported $248M of TRI-Continental Corp stock for Q3 2014, down 0.92% quarter-over-quarter.
- 1 fund opened new TRI-Continental Corp positions in Q3 2014 and 6 closed out, a net change of -5 holders.
- The largest TRI-Continental Corp buyer in Q3 2014 was Wolverine Asset Management, an estimated $962K added.
- The largest TRI-Continental Corp seller in Q3 2014 was TFS Capital, an estimated $1.3M sold.
Based on aggregated 13F filings for Q3 2014.