TRI-Continental Corp
70 hedge funds and large institutions have $265M invested in TRI-Continental Corp in 2015 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 23 increasing their positions, 20 reducing their positions, and 7 closing their positions.
15% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 20
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
3% more capital invested
Capital invested by funds: $258M → $265M (+$7.31M)
0.42% more ownership
Funds ownership: 19.17% → 19.6% (+0.42%)
0% more funds holding
Funds holding: 70 → 70 (0)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$2.16M |
| 2 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$2.08M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.85M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$873K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$869K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.52M |
| 2 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$1.94M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.21M |
| 4 |
Goldman Sachs
New York
|
-$881K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$755K |
TY Hedge Fund Activity: Q1 2015 in Review
70 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in TRI-Continental Corp (TY) for Q1 2015, worth a combined $265M — up 2.8% from $258M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new TY positions and 7 closed out — a net gain of 1 holder — while 23 added to existing stakes and 20 trimmed.
The largest buyer was Yorktown Management & Research Company, opening a new position worth an estimated $2.16M. The largest seller was Wolverine Asset Management, cutting an estimated $2.52M.
- 70 institutional investors held TRI-Continental Corp (TY) as of Q1 2015, unchanged from Q4 2014.
- Funds reported $265M of TRI-Continental Corp stock for Q1 2015, up 2.8% quarter-over-quarter.
- 8 funds opened new TRI-Continental Corp positions in Q1 2015 and 7 closed out, a net change of +1 holder.
- The largest TRI-Continental Corp buyer in Q1 2015 was Yorktown Management & Research Company, an estimated $2.16M added.
- The largest TRI-Continental Corp seller in Q1 2015 was Wolverine Asset Management, an estimated $2.52M sold.
Based on aggregated 13F filings for Q1 2015.