TRI-Continental Corp
70 hedge funds and large institutions have $258M invested in TRI-Continental Corp in 2014 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 3 closing their positions.
367% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 3
24% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 17
15% more funds holding
Funds holding: 61 → 70 (+9)
4% more capital invested
Capital invested by funds: $248M → $258M (+$9.5M)
0.25% more ownership
Funds ownership: 18.92% → 19.17% (+0.25%)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$1.95M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.87M |
| 3 |
CB
Commerce Bank
Kansas City,
Missouri
|
+$994K |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$953K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$858K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$1.63M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.29M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$888K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$678K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$521K |
TY Hedge Fund Activity: Q4 2014 in Review
70 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in TRI-Continental Corp (TY) for Q4 2014, worth a combined $258M — up 3.8% from $248M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new TY positions and 3 closed out — a net gain of 11 holders — while 21 added to existing stakes and 17 trimmed.
The largest buyer was United Capital Financial Advisors, opening a new position worth an estimated $1.95M. The largest seller was Gramercy Funds Management, cutting an estimated $1.63M.
- 70 institutional investors held TRI-Continental Corp (TY) as of Q4 2014, up from 61 in Q3 2014.
- Funds reported $258M of TRI-Continental Corp stock for Q4 2014, up 3.8% quarter-over-quarter.
- 14 funds opened new TRI-Continental Corp positions in Q4 2014 and 3 closed out, a net change of +11 holders.
- The largest TRI-Continental Corp buyer in Q4 2014 was United Capital Financial Advisors, an estimated $1.95M added.
- The largest TRI-Continental Corp seller in Q4 2014 was Gramercy Funds Management, an estimated $1.63M sold.
Based on aggregated 13F filings for Q4 2014.